Ministry of Communications and Information Technology, Saudi Arabia
Overview
A Saudi government ministry responsible for regulating and developing the communications and information technology (ICT) sector in Saudi Arabia. As part of Saudi Vision 2030, it actively fosters the digital economy by launching and managing large-scale initiatives and funding programs to support technology companies, enhance digital skills, and attract investment. The ministry's activities include providing funding support, facilitating access to investors, and launching specific programs like the National Technology Development Programme and the Technology Champions program to empower tech enterprises.
Portfolio Companies
5
Website
mcit.gov.saInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Untap Technologies | Nov 2021 | Accelerator | Co-investor |
| OnEx | Nov 2021 | Accelerator | Co-investor |
| Plastus | Feb 2023 | Grant | Co-investor |
| Reme-D Inc. | Mar 2024 | Grant | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Ministry of Communications and Information Technology, Saudi Arabia based?
Ministry of Communications and Information Technology, Saudi Arabia is headquartered in Saudi Arabia.
When was Ministry of Communications and Information Technology, Saudi Arabia founded?
Founding year information for Ministry of Communications and Information Technology, Saudi Arabia is not publicly available.
How many portfolio companies does Ministry of Communications and Information Technology, Saudi Arabia have?
Ministry of Communications and Information Technology, Saudi Arabia has 5 portfolio companies in Caplight's dataset.
What are some companies in Ministry of Communications and Information Technology, Saudi Arabia's portfolio?
Portfolio companies visible on Caplight include Untap Technologies, OnEx, Plastus, Reme-D Inc..
What was Ministry of Communications and Information Technology, Saudi Arabia's most recent investment shown here?
Ministry of Communications and Information Technology, Saudi Arabia's most recent investment in this portfolio sample was in Reme-D Inc. in 2024.
What sectors does Ministry of Communications and Information Technology, Saudi Arabia focus on?
Ministry of Communications and Information Technology, Saudi Arabia focuses on Enterprise Software, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Energy & Sustainability, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech.
What company stages does Ministry of Communications and Information Technology, Saudi Arabia focus on?
Stage focus information for Ministry of Communications and Information Technology, Saudi Arabia is not publicly available.