Press Release
Deloitte Middle East has announced the results of the 5th edition of its Technology Fast 50 programme, celebrating the fastest-growing technology companies across Cyprus and the Middle East, and spotlighting the founders shaping the region’s future.
The programme has evolved into a powerful platform for recognising not only growth, but the resilience, ambition and ingenuity of the region’s tech ecosystem. At a time of global uncertainty, this year’s cohort stands as a testament to the strength of homegrown innovation and the increasing maturity of the wider EMEA technology landscape.
The Technology Fast 50 programme ranks companies based on revenue growth over the past four years, while also celebrating excellence across five distinct categories: Fast 50, Rising Star (highlighting younger firms with strong potential), Impact (celebrating companies with ESG principles at the heart of their mission), Women in Leadership (spotlighting female-led ventures), and Kiyadat (spotlights established technology companies led by GCC founders and CEOs. Each of the categories is designed to spotlight different dimensions of innovation, from high-growth scale-ups to purpose-driven and founder-led businesses. Together, these categories paint a broader picture of an ecosystem that is not only growing but diversifying, maturing, and expanding beyond traditional hubs.
This year’s results mark several important milestones for the programme. The Fast 50 Top 5 include three UAE-based companies and two from Saudi Arabia, the first time these markets have so strongly dominated the top tier. The Top 10 Rising Stars, recognising younger companies with high growth potential, is composed entirely of UAE and Saudi Arabia businesses, highlighting the depth and momentum of these ecosystems.
In total, 14% of the companies included in this year’s ranking are based in Cyprus, with the majority operating in the software and fintech sectors. Furthermore, nine companies have been recognised as Rising Stars, and three in the Women in Leadership category.
Mutasem Dajani, CEO of Deloitte Middle East, said: “The 5th edition of the Technology Fast 50 is not just a reflection of growth, it is a celebration of the stories behind that growth. Across the region, we are seeing founders building resilient, forward-looking businesses that are scaling with purpose and competing on a global stage. This year’s programme highlights the strength, diversity and ambition of our ecosystem, and reinforces the region’s growing role as a hub for innovation and entrepreneurship.”
In addition to the rankings, this year’s report provides deeper insights into the trends shaping the regional technology landscape, offering investors, policymakers, and industry leaders a clearer view of where the next wave of growth will come from.
Looking ahead, selected winners from this year’s programme are set to be recognised at the Europe, Middle East & Africa (EMEA) level, offering a pathway to global recognition through Deloitte’s prestigious EMEA Technology Fast 500, further elevating the region’s most promising companies onto the international stage.
By recognising high-growth businesses and amplifying their stories, the Technology Fast 50 programme continues to play a key role in fueling a more dynamic, competitive, and future-ready technology ecosystem across Cyprus and the Middle East.
Kyriacos Charalambides Partner Fast 50 Program Leader Deloitte Middle East also highlighted the importance of this edition which “marks half a decade of celebrating the extraordinary dynamism and entrepreneurial spirit that blossoms across our region. We are also pleased to observe the program's expanding recognition annually, attracting a rising number of applications and significantly better representation from the region.” And went on to praise the participating companies «To all the participating companies, we extend our congratulations on their outstanding accomplishments and for sharing their inspirational journeys; their vision and commitment are a true inspiration for all.”
For more information on the results and to follow the Fast 50 journey, visit https://www.deloitte.com/DMEFast50
