Page 63 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

Press Release

ranking for the fourth consecutive year as the world’s best environment for entrepreneurship and

the preferred destination for start-ups.”

H.E. added, “This accomplishment highlights the UAE’s dedication to creating a dynamic and
attractive environment for entrepreneurship, aligned with global best practices. By empowering

start-ups to expand into digital and advanced economic sectors and providing innovative financing

solutions, the UAE is solidifying its position as a global hub for the new economy by the next
decade, in line with the objectives of the ‘We the UAE 2031’ vision.”

Leading National Initiatives
H.E. Al Mazrouei continued, “Our national efforts continue to focus on enhancing the UAE’s

position in global entrepreneurship competitiveness indicators and increasing the success rate of
entrepreneurs from 30 per cent to 50 per cent within the next decade. Aligned with the new

entrepreneurship framework, these efforts foster a culture of innovative entrepreneurship, offer
comprehensive incentives for establishing business, support growth enablers of promising SMEs,

and strengthen their access to global markets from the UAE.”

$8.7 billion investment to enhance the competitiveness of the entrepreneurship ecosystem

According to the report, the entrepreneurship ecosystem in the UAE continues to thrive and make
progress globally, driven by supportive business and economic policies, 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