Abu Dhabi and Dubai drive billion-dollar startup growth in the Middle East

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The UAE is leading the regional scene as an incubator for startups thanks to its integrated investment environment.

The United Arab Emirates has strengthened Its position as one of the most prominent host countries For startups in the region, thanks to its integrated investment environment and policies that support innovation and technology.

International reports confirmed that the UAE tops global indicators related to emerging companies, which reflects the success of the country’s efforts to enhance the business environment and embrace innovative ideas, according to the Emirates News Agency.(WAM)

More than 5,600 startups in the UAE until mid-2024

According to data released by STATISTA, the UAE has made significant progress with the number of registered startups reaching more than 5,600 by the second quarter of 2024. The Gulf state tops the list of regional countries that incubate startups, reflecting the attractive environment it offers to investors and entrepreneurs.

Pioneering in FinTech

Data shows that the UAE is leading the fintech startup scene in the region, with more than 550 companies operating in the field.

Abu Dhabi and Dubai lead growth in startup indices

According to the Start-Up Genome report, the emirates, especially Abu Dhabi and Dubai, continue to make significant progress in startup growth indicators.

The report added that Abu Dhabi is the fastest growing startup ecosystem in the Middle East and North Africa region, achieving growth of $4.2 billion during the period from 2021 to 2023.

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