Page 566 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/10/25, 2:51 PM UAE Ranks First Globally In Global Entrepreneurship Monitor 2024-2025 Report For Fourth Consecutive Year
strategic government initiatives, and a competitive investment climate. A key factor in this

success is the country's investment of $8.7 billion under the“Project of the 50” initiative,

aimed at fostering innovation and the growth of SMEs. This initiative, along with the
country allowing 100 per cent foreign ownership of businesses and record-breaking

foreign direct investment inflows in 2023, continues to enhance the UAE's position as a

global hub for entrepreneurs.

High-Level Entrepreneurship Culture

The report highlighted that the entrepreneurship culture in the UAE is marked by a high

level of awareness and ambition among its people. Around 67 per cent of adults either

know an entrepreneur or believe they have the necessary skills to start a business.
Additionally, 70 per cent of the UAE population sees strong opportunities for launching a

business locally, while 78 per cent of new entrepreneurs prioritise social and

environmental impact over profitability. Meanwhile, 75 per cent of early-stage

entrepreneurs plan to expand their teams, intending to hire at least six employees in the
next five years. The report also revealed that 80 per cent of entrepreneurs plan to

integrate technology into their business operations, and 78 per cent of new entrepreneurs

are eager to build significant wealth or earn a high income. Moreover, 55 per cent of UAE
entrepreneurs cater to clients outside the UAE market, reinforcing the country's position as

a global business and investment hub.

UAE ranks first globally in the“National Entrepreneurship Context Index”

The UAE also secured top spot globally in GEM's National Entrepreneurship Context

Index (NECI), reflecting the strength of the country's entrepreneurial environment, which

was evaluated based on a points system derived from the opinions of entrepreneurship

experts. This contributes to reinforcing the UAE's vision of reaching one million SMEs by
2031.

The release of this report coincided with the 25th anniversary of GEM, a leading global

organisation in the field of entrepreneurship. Recognised by leading international bodies
such as the World Bank, the International Monetary Fund (IMF), the Organisation for

Economic Co-operation and Development (OECD), the World Intellectual Property

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