Thanks to its innovative laws, flexible business rules, and appealing and integrated investment environment, the UAE has cemented its position as one of the leading start-up hotspots in the region.
International organisations claim that because of the UAE’s consistent efforts to foster an environment that encourages investment in innovation, the country tops the world in start-up-related metrics. Additionally, the nation’s rating in international competitiveness indices has improved as a result of these efforts.
According to recent Statista data, with more than 5,600 start-ups registered nationwide by the second quarter of 2024, the UAE surpassed all other GCC nations as the top incubator for new businesses.
The emirates of Abu Dhabi, Dubai, and Sharjah are responsible for this growth because they provide a proactive and encouraging environment in important industries, which encourages start-ups to grow continuously and sustainably.
The report states that between the second half of 2021 and the end of 2023, Abu Dhabi’s start-up ecosystem generated US$4.2 billion in value, maintaining its position as the Middle East and North Africa’s fastest-growing start-up ecosystem.
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