The GCC construction sector is set for significant growth, driven by visionary projects and technological advancements, offering opportunities to overcome challenges and shape a sustainable future. The construction sector is a cornerstone of economic growth and resilience, continually evolving to meet emerging challenges. In the GCC, the industry is poised for a remarkable surge, with an anticipated $3.9 trillion construction pipeline according to Arabian Business[1], driven by ambitious initiatives like Saudi Arabia’s Vision 2030 giga-projects and the UAE’s robust construction pipeline. However, the path to growth is fraught with challenges. Inflationary pressures, constrained lending markets, and labor shortages present formidable obstacles. Delivering projects on time in this complex environment demands innovation and adaptability. Herein lies the opportunity: the adoption of Construction Technology (ConTech) – a transformative force reshaping how the industry operates. Traditionally slow to embrace the change, the construction sector now faces a pivotal moment to overhaul outdated processes.

As a VC, one of the things that is becoming more apparent in the MENA region as the startup ecosystem develops is that there are more and more good startups. But as VCs, good is not great. Don’t get me wrong, both can yield results, but the difference lies in potential and scale. Great companies define industries and create new markets rather than merely competing within them. Understanding and acting on this distinction can mean the difference between average returns and exceptional, legacy-building outcomes. Good Startups: Solid Foundations but Limited Reach A good startup typically has a clear product-market fit, competent leadership, and a well-defined roadmap. These companies are often cash-flow positive or on a clear trajectory to profitability. They solve existing problems effectively and maintain steady growth, often capturing a respectable market share in their industry. Investing in good startups is relatively safe. They’re predictable, with metrics that align

As we head into 2025, I believe that the MENA region’s venture capital ecosystem is going to benefit from declining global interest rates and a renewed global interest in risk assets. This shift is going to present a clear opportunity for startups and funds across the region. I just hope that we have collectively learned our lessons from the past and continue to highlight the importance of measured, disciplined growth. I hope that the days of irrational exuberance, growth at all cost and sky high valuations don’t make a comeback. The Return of Risk Assets The signs we are seeing in the US, with several rate cuts already and a new administration likely to support the continued decline of interest rates closer to the days of ZIRP, are that risk assets are likely to be where exposure will shift towards. We’ve already seen all time highs in the crypto markets,

We are pleased to announce that Hasan Haider, our Founder and Managing Partner at Plus VC, the most active VC in the MENA, has been featured in the inaugural list of The Forbes Middle East Top Venture Capitalists 2024, a prestigious listing of the Middle East’s top venture capitalists.  The Forbes Middle East’s Top Venture Capitalists for 2024 list spotlights the leaders of the region’s active VC firms, highlighting their strategies, key investments, and influence on the startup ecosystem. These firms are distinguished not only by their financial support but also by their dedication and commitment to fostering startups and driving economic growth.  Hasan Haider has earned his place on the 2024 list, a testament to his exceptional track record and impact in venture capital. Over his 15-year career, Hasan has invested in more than 250 startups in the MENA region and its diaspora. Commenting on the announcement, Hasan Haider