The agency of the Department of Economic Development (DED) and Arabnet said that the UAE continued to be the leader in driving digital startups across the region both in terms of number of investors and deals.
UAE has accounted for one-third (32 percent) of all MENA investors. It has also attracted 298 digital startups while the three countries ranked below it averaged 155.
The Crown Prince of Dubai and chairman of The Executive Council Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that a constant focus on innovation and government initiatives to create a variety of new investment opportunities are reinforcing the UAE’s position as the region’s entrepreneurial hub.
Sheikh Hamdan said the outstanding investor response and rankings that Dubai and the UAE have received regionally and globally validate its knowledge-economy strategies as envisioned in the UAE Centennial Plan.
He added that Dubai will continue to offer a globally competitive environment for innovation and further enhance ease of business to cement its position as a preferred investment destination in line with the Centennial Plan and the Dubai Plan 2021.
The Crown Prince said, “Greater transparency across processes and regulations along with innovation and emphasis on sustainable business growth have significantly improved investor confidence in the Emirates. The Emirate is also pioneering digital innovations in the region as part of a national initiative.”
Dubai and the UAE provide the ideal platform for innovative entrepreneurs and digital startups to grow globally.
The CEO of Dubai SME Abdul Baset Al Janahi said, “Arab and Middle East entrepreneurs and investors eager to capitalize on emerging technologies see Dubai and the UAE as amazing opportunity.”