Deep Tech in Saudi Arabia: A New Era of Innovation Led by SVC

RIYADH — Saudi Arabia is accelerating its push into deep tech, supported by national programs and a growing innovation infrastructure, according to a new report by Saudi Venture Capital Company (SVC).

Deep tech now accounts for roughly 40 percent of global venture capital investments, reflecting a rapid shift toward science‑driven innovation. The report highlights that Saudi Arabia’s expanding research base, leading universities (notably King Abdullah University of Science and Technology), and stronger collaboration among academia, investors, and the private sector are fueling the sector’s growth. Key government bodies include the Research, Development and Innovation Authority and the Saudi Data and Artificial Intelligence Authority.

Nora Al‑Sarhan, SVC’s deputy CEO and chief investment officer, said deep tech is no longer limited to technological innovation — it has become a key driver of long‑term economic growth. “This transformation creates significant opportunities for economies that can effectively integrate research, funding, and commercialization within a unified ecosystem,” she added.

Science‑based startups are emerging across advanced computing, industrial automation, and intelligent systems, concentrated in knowledge hubs such as Riyadh, Thuwal (home to KAUST), and Dhahran.

SVC emphasized the need for “patient capital” — flexible, long‑term funding for complex, high‑risk projects with extended development cycles. Sustaining momentum will require better alignment of incentives, improved market access, and stronger stakeholder collaboration. These measures, the report concludes, will accelerate the translation of research into lasting economic value and enhance the Kingdom’s global competitiveness.

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