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startups.
The UAE has succeeded in developing a comprehensive, resilient, and
competitive legislative system to foster an ideal economic climate.
By doing so, the country has consolidated its position as a leading global
economic, investment, and financial hub, which provides all ingredients for
success to businesses, investors, and startups from all over the world.
According to a UNCTAD report, the UAE has the second-highest growth
globally in the number of new foreign investment projects in 2023, with over
788,000 companies currently operating in the country.
Discussions covered a range of topics aimed at enhancing the investment and
business growth of the Next50 companies, including the formulation of a new
vision to support their growth in the local and global markets, the promotion of
communication and cooperation between the business community, local and
federal economic bodies, banking institutions and investment funds, as well as
facilitating their financing in local and international markets and supporting
their active participation in ‘Investopia dialogues’.
CEO of the Dubai Economic Development Corporation, Hadi Badri, reviewed
the Dubai Economic Agenda D33, which entails 100 transformational projects
with ambitious economic targets that seek to double the size of Dubai's
economy by 2033 and consolidate its position among the top three economic
cities in the world.
The meeting also discussed a range of mechanisms aimed at leveraging the
UAE’s innovation landscape by supporting scientific research activities,
enhancing the competitiveness of technology startups, efforts to facilitate
business processes and eliminating all unnecessary bureaucracy.
Fostering transparency within the business and investment environment,
providing training programs for start-ups, as well as attracting and retaining
talent and developing their skills are also key focus areas.
https://en.aletihad.ae/news/business/4488947/-next50---holds-first-meeting-to-formulate-new-
vision-to-pro
