Big exits seem to distract us from the gaps in MENA’s venture capital and entrepreneurial ecosystem

By Khaled bin Alwaleed 

There is absolutely every reason to take pride in Careem’s recent acquisition by Uber. It is truly a big moment for the region’s entrepreneurs and investors when every major business publication in the world is talking about a startup that was built and bred here in the GCC. While we all applaud Careem’s recent announcement, I hope that big acquisitions don’t distract us from the work that still needs to be done to improve our venture capital and entrepreneurial ecosystem.