2023 Middle East and North Africa Climate Tech 50

The Middle East and North Africa Climate Tech 50 is HolonIQ’s annual list of the most promising startups working in new energy, the environment and sustainability.

The Middle East and North Africa Climate Tech 50 is focused on identifying young, fast growing and innovative climate tech start-ups across the Middle East & North Africa. Powered by data and insights from our Impact Intelligence Platform together with qualitative assessments by HolonIQ’s Intelligence Unit, and local market experts in each region, organizations are evaluated and scored based on our eligibility and assessment criteria.

‍Exhibit 1

Download the Market Map. Companies are categorized by their main area of focus following the globalclimatelandscape.org

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HolonIQ’s 2023 Middle East and North Africa Climate Tech 50 is aligned to the Global Climate Landscape, an Open-Source Taxonomy that maps the global climate tech economy.

Exhibit 2

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The MENA region secured over $631M in VC funding within the climate tech landscape, with funding primarily concentrated in Israel, the UAE, and Saudi Arabia. Interestingly, in the Middle East and North Africa Climate Tech 50, the above concentration shifted to Israel, the UAE, and Egypt, where Food Systems and Circular Economy led the list, followed by the Built Environment subsector which accounted for just 8%. Food Systems and Circular Economy collectively represented 60% of the startups and the majority of the startups in the list were from Israel, followed by the UAE.