Page 685 - 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
innovation, and entrepreneurship.
Thriving and ambitious entrepreneurial culture
The UAE’s entrepreneurial culture is marked by high levels of awareness, ambition, and innovation, with a strong societal embrace of business creation,
according to the latest GEM report.

The report revealed that 67 per cent of adults in the UAE either know an entrepreneur or believe they have the skills to start their own business, while 70 pe
cent of the population sees strong opportunities for launching a business locally. Furthermore, 78 per cent of new entrepreneurs prioritise social and
environmental impact alongside profitability, reflecting a forward-thinking business mindset.
Growth expectations remain strong, with 75 per cent of early-stage entrepreneurs planning to expand their teams and hire at least six employees over the n
five years. Additionally, 80 per cent of entrepreneurs aim to integrate digital technologies into their business operations, reinforcing the UAE’s position as a
leader in digital transformation.
The report also highlighted that 78 per cent of new entrepreneurs are motivated by the prospect of building significant wealth or high income, while 55 per
cent of UAE-based entrepreneurs serve international clients, underscoring the nation’s status as a global hub for business, investment, and innovation.
UAE secures top global ranking in NECI
The UAE also secured the top global ranking in the National Entrepreneurship Context Index (NECI), reaffirming its world-leading business environment.
The NECI assesses the entrepreneurial climate in each country based on expert evaluations of policy frameworks, infrastructure, and support systems that
foster business growth. The UAE’s top ranking reflects its proactive strategies in creating an ecosystem that enables startups and SMEs to thrive.
This achievement aligns with the UAE’s ambitious vision of reaching one million SMEs by 2031, further strengthening its position as a global hub for
innovation, investment, and entrepreneurship.

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