Deloitte Middle East has announced the results of the fourth edition of the Middle East Technology Fast 50 programme, recognising the fastest-growing technology companies across the region.

The programme ranks companies based on revenue growth over the past four years, highlighting the innovation and entrepreneurial spirit that continues to shape the region’s technology sector.

This year saw a record number of over 200 applications, reflecting the increasing maturity and engagement within the region’s start-up ecosystem.

Saudi Arabia led with 30% of the ranked companies, followed by the UAE at 28%, and Cyprus at 16%.

The average growth rate of the Fast 50 companies reached 8,823%, with 29 companies achieving over 1,000% growth, an increase from 21 in the previous edition.

The fintech and software sectors remained dominant, comprising 22% and 31% of the rankings, respectively. The company with the highest growth rate reported an increase of 20,164%.

Mutasem Dajani, CEO of Deloitte Middle East, commented,

“It is always exciting to witness the breadth of innovation emerging from this region. The fourth edition of the Technology Fast 50 programme demonstrates what can be accomplished when vision is paired with execution. We are proud to celebrate and support these founders, whose success will drive a more connected, resilient, and future-looking regional economy.”

The top three companies in the Fast 50 came from Cyprus and Saudi Arabia, while the Rising Star category, which recognises younger companies with strong potential, was led by firms from the UAE and Saudi Arabia.

Diversity also saw progress this year, with 18% of the ranked companies being women-led, up from 15% in the previous edition.

The Women in Leadership category continued to highlight female-led tech ventures that met the Fast 50 programme’s core criteria.

A new category, Kiyadat, was introduced this year to celebrate the achievements of GCC national founders.

This category reflected the growing role of local talent in the technology sector.

The Impact category, focused on companies prioritising Environmental, Social, and Governance (ESG) principles, introduced an independent Impact Jury to evaluate nominees based on impact, excellence, and implementation.

Looking ahead, Deloitte will host a series of Fast 50 Connect events across the region in May to recognise the winners and provide further opportunities for networking with investors, corporates, and peers from the Fast 50 community.

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