MENA’S THRIVING TECH SECTOR
The technology sector in the Middle East and North Africa in 2020 is relatively small but it’s influential and growing rapidly. Representing just under 4% of the region’s economy, it has an outsized impact in driving high-skill jobs, investment flow, knowledge transfer and productivity, particularly in urban areas. The industry accelerates social development by providing wider access to government, health care, education and a growing range of tech-enabled services.
Today, MENA’s technology industry is entering a dynamic new phase marked by the rapid proliferation of cloud-based services, artificial intelligence, localized enterprise software, big data and analytics.
At South Point, we bring depth of experience working with a variety of companies across the tech spectrum. We focus on businesses from traditional areas like media and software development and related services, to emergent sectors like block chain and machine learning. Our clients make the kinds of products highlighted in the business pages of the newspaper, not just the “technology section.”
Despite its diminutive size, the region’s surging tech sector is an engine of social, human and economic development. While MENA tech founders often operate under the radar, they’re vanguards in transforming their communities. That’s why, at this pivotal moment, we’re partnering with founders intensely focused on leveraging cutting-edge technology to build a better future for the region and beyond.