Unicorn Hunters co-founder Silvina Moschini, speaking at FII in Riyadh, outlined plans for the Gulf to become a ‘unicorn factory’ through Latin American partnerships
The Gulf region is positioning itself to become the next global technology hub, potentially rivaling Silicon Valley’s decades-long dominance by bridging innovation from Latin America with Middle Eastern capital and resources, according to prominent investor and Unicorn Hunters co-founder Silvina Moschini.
The Gulf region is increasingly positioning itself as a formidable contender to Silicon Valley’s longstanding dominance in the global tech industry. Silvina Moschini, co-founder of Unicorn Hunters, articulated this vision during the Future Investment Initiative (FII) in Riyadh, highlighting the Gulf’s potential to become a “unicorn factory” by fostering collaborations between Latin American entrepreneurs and Middle Eastern resources. citeturn0search0
This strategic pivot is underscored by substantial investments from Gulf nations into technology and startup ecosystems, marking a departure from traditional focuses on real estate and oil revenues. The United Arab Emirates (UAE), for instance, has set ambitious goals to host 20 unicorn startups—companies valued over $1 billion—by 2031, aiming to solidify its status as a global hub for innovation and entrepreneurship. citeturn0search13
The UAE’s commitment is evident in its robust support for the startup ecosystem, characterized by a conducive regulatory environment, government backing, and increasing investor interest. This supportive framework has already facilitated the emergence of notable unicorns such as Careem and Swvl, exemplifying the region’s capacity to nurture high-growth ventures. citeturn0search1
Furthermore, the Gulf’s strategic location, coupled with its substantial financial resources, positions it as an attractive destination for entrepreneurs seeking expansion opportunities. By bridging innovation from regions like Latin America with Middle Eastern capital and infrastructure, the Gulf aims to create a synergistic environment conducive to the growth of tech startups. citeturn0search0
In summary, through strategic investments, supportive policies, and international collaborations, the Gulf region is actively cultivating an ecosystem that could rival established tech hubs, potentially transforming it into a significant “unicorn factory” on the global stage.
