Statement:
In Saudi Arabia, startup ecosystem seems to be less developed than in Iceland

In the Startup Ecosystem Index rating Saudi Arabia holds position #72 ²⁰²² out of 99 and Iceland is #41 out of 99 ²⁰²².
Position of Saudi Arabia is worse than position of Iceland.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Iceland	'Total Score' value is	5.427
   Saudi Arabia	'Total Score' value is	0.943