Page 691 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/10/25, 1:43 PM UAE Ranks 1st Globally In Global Entrepreneurship Monitor Report For 4th Year - UrduPoint
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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