Saudi Arabia’s NTDP Lures Egypt’s Top Tech Startups with $430 Million Investment to Build Gulf’s Deep-Tech Hub
- Saudi Arabia is accelerating its National Technology Development Program (NTDP) to become a global tech hub.
- The NTDP has allocated $430 million across six initiatives to foster local talent and attract foreign tech expertise.
- The Relocate Initiative offers up to $1.4 million per company in grants and relocation assistance to encourage startups from Egypt.
The aggressive push by Saudi Arabia to attract Egyptian startups through the NTDP could significantly reshape the tech landscape in the region. While it raises concerns about potential brain drain, it also presents an opportunity for collaboration and growth, fostering a more robust innovation ecosystem across the Middle East.
