Middle East Tech Investments Exceed $21 Billion, Driven by AI, Fintech
Between December 7th and 14th, the Middle East tech sector saw over $21 billion in investment and acquisition values, with announced transactions injecting over $1.21 billion into the market, according to إنت عربي's report. Qatar, the UAE, and Turkey were primary drivers, fueled by deals like Brookfield and Qai's $20 billion AI venture and Baribo's acquisition of CoinMENA for up to $240 million.
Key takeaways
- A recent report by إنت عربي indicates robust growth in the Middle East's technology sector, with investment and acquisition values exceeding $21 billion between December 7th and 14th
- The publication's weekly investment and M&A analysis highlights that announced transactions infused over $1
- 21 billion into the market during this period
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