Red Sea Global RSG, the developer behind regenerative tourism destinations The Red Sea and AMAALA, has announced a strategic partnership with Bunat Ventures Limited Bunat VC, to launch a first-of-its-kind venture fund focused on artificial intelligence AI-driven startups in the Kingdom of Saudi Arabia.
The AI Venture Fund will invest in early- and growth-stage startups that are either AI-native or leverage AI as a core enabler of their business models. Over the next three years, the Fund aims to support approximately 25 startups through both pre-seed and growth-stage investments. Beyond capital, the Fund will provide investee companies-particularly those based in Saudi Arabia-with access to world-class infrastructure and a state-of-the-art environment to pilot and validate their technologies within RSG's real-world operations. This partnership is designed to accelerate the development of these startups into national and regional champions in the AI ecosystem.
"At Red Sea Global, we view innovation as a catalyst for a regenerative future. This partnership with Bunat VC reflects our belief that technology is fundamental to sustainability, enabling us to invest in bold ideas that will accelerate the Kingdom's digital transformation and inspire global progress"
