Middle East unicorns to surge to 250 by 2030

Middle East and North Africa (MENA) region is quickly emerging as the new fertile ground for a startup explosion, with the region expected to see as many as 100 unicorns and 250 soonicorns by 2030.

According to RedSeer Strategy Consultants, a global digital consultancy, the region is also expected to see over 30 digital ventures go public via the initial public offering (IPO) route during the period. Among the likely candidates for IPOs in the coming years are Apparel’s 6thStreet, Landmark Group’s centrepoint, al tayer’s OUNASS, Mashreq’s mashreq neo, and STC’s stcpay.