Riyadh – Sharikat Mubasher: Red Sea Global (RSG) is moving beyond destination development and into venture investment, announcing a new partnership with Bunat Ventures Limited to establish an artificial intelligence-focused venture fund aimed at backing startups in Saudi Arabia’s growing tech ecosystem.
The AI-focused fund will target early- and growth-stage companies that are either AI-native or use artificial intelligence as a core part of their business models, according to a recent press release.
Over the next three years, the fund plans to invest in around 25 startups across pre-seed and growth stages. In addition to funding, portfolio companies will gain access to RSG’s infrastructure and operational environments, allowing them to pilot and validate AI solutions in real-world settings linked to tourism, sustainability, and large-scale development projects.
RSG indicated that the initiative aligns with its broader vision of using technology as a driver for sustainability and digital transformation, while supporting Saudi Arabia’s ambitions to build a globally competitive AI ecosystem. Bunat Ventures noted that the partnership combines large-scale development expertise with venture capital agility to support the next generation of Saudi AI entrepreneurs.
The fund will primarily focus on Saudi-based founders, as well as Saudi-founded global startups expanding into the Kingdom, with the aim of driving innovation, job creation, and long-term value creation.
