About Technology Fast 50

The Fast 50 criteria

The Deloitte Technology Fast 50 competition is aimed at fast-growing technology companies that have their headquarters in the Middle East or Cyprus. Given their significant role as drivers of future growth, these companies deserve special recognition and support – and that is exactly what this competition is designed to provide.

Who can apply?

To enter the Fast 50, companies must meet the following criteria:

  • Be considered a technology company* that generates a significant portion (> 50 %) of its operating revenue from the sale of products, services and/or licenses that are based on its own proprietary technology or technology related products.
  • Founded in the Middle East or Cyprus and with headquarters in those countries.
  • Be public or private and active in one of these industries: Communications & Networking; Digital Commerce; Electronic Devices, Hardware & Semiconductor; Enterprise Software; FinTech; Life Sciences & Health Care; Media & Entertainment; Mobility; Sports; Education and Sustainability. 

*Technology company
The internal jury of Deloitte will make a discretionary final validation of the application criteria based on the information and resources made available by the company.  Further, Deloitte will evaluate whether the application is in line with the goals and values of Deloitte and the Fast 50 competition. Deloitte is under no obligation to disclose the reasons for acceptance or refusal of a company.

Technology Fast 50

Deloitte’s Technology Fast 50 recognizes and ranks the 50 fastest-growing companies in the Middle East or Cyprus based on revenue growth over the last four years.

The Fast 50 criteria:
  • Your company was founded before 1 January 2018
  • Your annual revenue must be at least $50,000 in 2018 and $250,000 in 2021

    New categories:
  • Rising Star: Companies that meet all the main Technology Fast 50 criteria but have been trading for less than three years and have a revenue of at least US$50,000 in the last two years.
  • Impact: Companies that have an Environmental, Social, and Governance (ESG) element at the heart of their mission. Deloitte will take the liberty to nominate in this category.

Industry categories

Equipment manufacturer; Satellite telecommunications service; Service provider; Wireless service provider; Other

Digital Commerce

Electronic devices, Hardware & Semiconductor
Computers; Peripherals; Other

Enterprise Software
Automation & Analytics; Human Capital Management; CRM; Cyber Security; Supply Chain/ERP; Other

Accounting; Tax & Reporting; PropTech, Sustainable Finance; LegalTech; Other

Life Sciences & Health Care
MedTech: BioTech; Other

Media & Entertainment
Adtech; Gaming; Over the top service; Social media; Other




Climate & EnergyTech; Circular Economy; Other

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