Ibrahim Neyaz - CEO, National Technology Development Program (NTDP)

The discussion centers on the growth of the private capital market, particularly in Saudi Arabia, and its impact on the tech startup ecosystem. Ibrahim Neyaz, CEO of the National Technology Development Program, explains NTDP's role in building and sustaining this ecosystem by providing access to capital, talent, and markets. Frank Kane explores how private capital is reshaping the tech landscape in Saudi Arabia and the broader region. The conversation highlights the increasing investment from international investors in Saudi Arabia, driven by the country's strong economy and Vision 2030. NTDP uses a blended finance structure to drive innovation and engage with VC and private equity funds. AI investment is a key focus, with the discussion addressing concerns about a potential bubble. Despite a global drop in VC funding, the Saudi Arabian market shows resilience. Regulatory improvements in Saudi Arabia are attracting foreign investment as stricter regulations elsewhere redirect capital flows.