Page 653 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/10/25, 1:38 PM UAE tops global entrepreneurship rankings for fourth consecutive year | The National
Under the Ministry of Economy's National Agenda for Entrepreneurship and SMEs, the country
aims to be the world's leading entrepreneurial nation by 2031 and be home to 10 unicorn start-

ups – private companies with a valuation exceeding $1 billion – by the same year.

Ms Al Mazrouei highlighted the transformative impact of a move to allow full foreign

ownership of onshore companies, which came into force in June 2021. “After we introduced this
policy, the number of business licences issued jumped from 600,000 to one million,” she said at

the time.

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