Deloitte Middle East has published the results of the fifth Middle East and Cyprus Technology Fast 50 programme, highlighting the fastest-growing technology start-ups in Cyprus and the Middle East.
The programme ranks technology companies based in Cyprus or Middle Eastern countries according to their revenue growth over the past four years. It has developed into a regional platform for recognising high-growth companies, emerging founders and businesses contributing to the wider technology ecosystem.
Beyond the main Technology Fast 50 ranking, companies are also recognised in four additional categories: Rising Star, for younger start-ups with strong growth potential; Impact, for companies embedding ESG elements into their core operations; Women in Leadership, for technology companies led by women; and Kiyadat, for established technology companies led by, or founded by teams made up of at least 50% individuals from GCC countries.
According to Deloitte, this year’s results mark several milestones for the programme. For the first time, the top five Fast 50 companies include three firms based in the United Arab Emirates and two from Saudi Arabia. The top ten companies in the Rising Stars category are also all based in the UAE and Saudi Arabia, underlining the momentum of those markets.
Cyprus-based companies account for 14% of this year’s listed firms, with most active in software and fintech. Nine companies were recognised as Rising Stars, while three were included in the Women in Leadership category.
Mutasem Dajani, CEO of Deloitte Middle East, said the fifth edition was “more than a snapshot of growth”, describing it as recognition of the stories behind that growth. “Across the region, we see founders building resilient, future-facing businesses that grow with purpose and compete successfully on the international stage,” he said. “This year’s programme highlights the strength, diversity and ambition of our ecosystem, reinforcing the region’s evolving role as a hub for innovation and entrepreneurship.”
The report also provides insight into wider trends shaping the region’s technology sector, offering investors, policymakers and industry leaders a clearer picture of its development. Some of the companies included in this year’s programme will also be recognised at Europe, Middle East and Africa level through Deloitte’s EMEA Technology Fast 500, further strengthening their international profile.
Kyriakos Charalambides, Partner and Fast 50 DME Programme Leader, said this year’s edition marks “half a decade of recognising the momentum and entrepreneurial spirit flourishing across the region”. “We are particularly pleased to see the programme gaining recognition every year, with a growing number of applications and significantly improved representation from across the region,” he said. “We congratulate all the companies that stood out, recognising their achievements and the inspiring journeys they have shared with us.”
For more information and the full results:
