Page 684 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/10/25, 1:42 PM UAE tops global entrepreneurship rankings for fourth consecutive year - The Gulf Indians
UAE tops global

entrepreneurship rankings for
fourth consecutive year

April 2, 2025 8:21 pm

Dubai: The UAE has been ranked first globally for the fourth consecutive year in the Global Entrepreneurship Monitor (GEM) report, reaffirming its position
the world’s best environment for entrepreneurship and small and medium enterprises (SMEs). The UAE outperformed 55 other economies included in this
year’s report.
The country led 11 out of 13 key indicators among high-income nations, based on expert assessments of institutional frameworks supporting
entrepreneurship. The UAE excelled in entrepreneurial financing, ease of access to capital, and government policies promoting entrepreneurship.
Other areas where the UAE topped global rankings include favourable tax and regulatory policies, government-backed entrepreneurship programs, and the
integration of entrepreneurship into school and post-school education. Additionally, the nation ranked first in business and professional infrastructure, ease
market entry, and the transfer of research and development outcomes.
The latest ranking underscores the UAE’s commitment to fostering a thriving entrepreneurial ecosystem, solidifying its status as a global hub for innovation,
investment, and business growth.
Integrated entrepreneurship system
On the UAE’s top global ranking in the Global Entrepreneurship Monitor (GEM) report, Alia Abdulla Al Mazrouei, Minister of State for Entrepreneurship,
highlighted the nation’s visionary approach to fostering a world-class entrepreneurial ecosystem.
“The UAE’s forward-looking vision, guided by the support and directives of its wise leadership, has established a comprehensive framework for
entrepreneurship and SMEs. This strategy has led to remarkable progress at both regional and global levels, securing the UAE’s position as the world’s leadi
destination for entrepreneurship and startups for the fourth consecutive year,” she said.
The minister emphasised that this milestone reflects the UAE’s commitment to creating an attractive and dynamic entrepreneurial climate, built on
international best practices. “The UAE continues to empower startups to expand into digital and advanced economic sectors, while providing tailored financ
solutions and initiatives that support business growth. These efforts align with the nation’s ambition to solidify its position as a global hub for the new
economy by the next decade, in line with the objectives of We Are the UAE 2031.”
National entrepreneurial initiatives
Al Mazrouei reaffirmed the UAE’s commitment to advancing its global leadership in entrepreneurship, highlighting ongoing national efforts to enhance the
country’s standing in competitive indicators.

“The UAE is continuously working to strengthen its entrepreneurial ecosystem, with the goal of increasing the success rate of entrepreneurs from 30per cen
50per cent by the next decade. This aligns with the objectives of the new entrepreneurship framework, which aims to foster a culture of innovation, provide
integrated incentives for startups, and equip small and medium enterprises (SMEs) with the tools needed for sustainable growth and global expansion from
the UAE,” she said.
Al Mazrouei underscored that these initiatives reinforce the UAE’s position as a leading hub for entrepreneurship, ensuring that SMEs with high potential
receive the necessary support, incentives, and growth enablers to thrive in international markets.
$8.7 billion investment boosts UAE’s entrepreneurial competitiveness
The UAE’s entrepreneurial ecosystem continues to thrive on the global stage, supported by pro-business policies, visionary government initiatives, and a hig
competitive investment climate, according to the latest report.
A key driver of this success is the UAE’s strategic investment of $8.7 billion to foster innovation and accelerate the growth of small and medium enterprises
(SMEs). This investment falls under the “Projects of the 50” initiatives, which are designed to strengthen the country’s entrepreneurship landscape.
The report also highlighted the UAE’s policy allowing 100 per cent foreign ownership of companies, a move that has significantly boosted investor confiden
Additionally, the country recorded a historic increase in foreign direct investment (FDI) in 2023, further cementing its position as a global hub for business,

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