Page 688 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/10/25, 1:42 PM UAE ranks 1st globally in Global Entrepreneurship Monitor report for 4th year
the key contributing factors to this success was the UAE's investment of US$8.7

billion to boost innovation and the growth of small and medium-sized enterprises as

part of the Projects of the 50 initiative. The report also cited the allowance of 100

percent foreign ownership of companies and the consistent increase in foreign direct

investment, which reached record levels in 2023.

It further pointed out that the entrepreneurial culture in the UAE is marked by high

awareness and ambition among the population. Approximately 67 percent of adults

know an entrepreneur or believe they have the necessary skills to start a business.

Meanwhile, 70 percent of Emiratis see strong opportunities to launch a business

locally, 78 percent of new entrepreneurs prioritise social and environmental impact

over profit, and 75 percent of early-stage entrepreneurs plan to expand their teams

and employ at least six people in the next five years. Furthermore, 80 percent intend

to integrate digital technology into their business operations, 78 percent are

motivated to generate high income or wealth, and 55 percent of entrepreneurs serve

customers outside the UAE, strengthening the country's position as a global centre

for business and investment.

The UAE was also ranked first globally in the same report under the GEM's

National Entrepreneurship Context Index (NECI), which assesses each country's

supportive environment for entrepreneurship based on scores derived from national

experts' evaluations. This supports the UAE's vision to reach one million SMEs by

2031.

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