The UAE’s visionary leadership has always been aware and engaged in the significant role of startups in economic diversification and nation building. After all, a thriving startup economy leads to job creation, attracts global talent, and improves the quality of life of citizens. Today, SMEs represent 94% of the total businesses operating in the UAE, and contribute to more than 50% to the country’s GDP.
But for various economic reasons, investors tend to focus on startups that are relatively farther into their development journey, have shorter development cycles, or fall within growing segments such as fintech. However, innovation and startups help drive a nation’s economy forward as a key engine of economic growth.
