Red Sea Global and Bunat Ventures have launched a dedicated artificial intelligence venture fund to support early- and growth-stage AI startups in Saudi Arabia, strengthening the Kingdom’s innovation and digital economy ecosystem. The fund will invest in around 25 companies over the next three years, targeting AI-native ventures and businesses using AI as a core capability.
Beyond funding, portfolio companies will gain access to real-world testing environments across Red Sea Global’s destinations. The developer welcomed its first guests to The Red Sea in 2023 and now operates 10 resorts alongside Red Sea International Airport, which offers regular flights from Riyadh, Jeddah, Dubai and Doha. In 2026, Shura Island will open its first resorts, as well as Shura Links, an 18-hole championship golf course.
The partnership is designed to accelerate commercialisation, job creation and the development of Saudi-based AI champions aligned with Vision 2030.
Gulf Economist Staff Writer