Page 576 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/10/25, 2:52 PM UAE ranked world’s top destination for entrepreneurs for the fourth year - Fast Company Middle East | The future of tech, business …
infrastructure, market entry ease, and social and cultural support for
entrepreneurship.
IS
iDAR tech Alia bint Abdullah Al Mazrouei, Minister of State for
daily with
Entrepreneurship, commented, “This achievement reflects the

water losses results of the UAE’s forward-looking vision, supported by the
036 under
gy guidance of its wise leadership, to build an integrated

n team up to entrepreneurship and SME ecosystem.”
head of
Games
She added, “The UAE’s continued recognition as the top
environment for entrepreneurship and the leading destination for

startups globally for the fourth year in a row represents the country’s
regional and international progress.”

The report also highlighted the UAE’s $8.7 billion investment in

innovation and SME growth through the Projects of the 50 initiative.

It credited the country’s 100% foreign ownership allowance and
record-high foreign direct investment in 2023 as key drivers of its

success.

It also highlighted the UAE’s strong entrepreneurial culture, with
67% of adults knowing an entrepreneur or believing they have the

skills to start a business. Additionally, 70% of Emiratis see

promising opportunities for local business creation, 78% of new
entrepreneurs prioritize social and environmental impact over profit,

and 75% of early-stage entrepreneurs plan to expand their teams.

The UAE also claimed the top spot in the GEM’s National
Entrepreneurship Context Index (NECI), further reinforcing its

vision to support one million SMEs by 2031.

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