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MENA Unicorns - October 2025

Last updated on 06 October 2025
MENA Unicorns - October 2025

πŸ¦„ MENA unicorn update: there are now 27 tech companies valued above $1B in the Middle East (excluding Israel).

➑️ 44% (12) of MENA unicorns are still private (like Tabby, Ninja, Insider, or Papara)

➑️ Most private unicorns is based in πŸ‡¦πŸ‡ͺ the UAE (42%), πŸ‡ΈπŸ‡¦ Saudi and (25%) πŸ‡ΉπŸ‡· Turkey (25%)

Methodology: this ranking includes both exited and still-private tech companies in the MENA region. It excludes government-owned consulting institutions like Elm or solutions by stc. It also excludes Israel-HQ companies (which is a large tech ecosystem on its own). Most valuations are last reported or recently rumoured. On ZIRP-era valuations: we exclude companies whose latest reported valuation would be most likely enough to hit the list, but which are expected to be now valued significantly lower.