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9/23/25, 5:02 PM UAE Entrepreneurship Goals: 2 Powerful Targets by 2031

he Gulf Entrepreneur

NEWS

UAE’s Unicorn Hunt: Aiming for Billion-Dollar Startups by 2031

By Mariam Banu

September 22, 2025

UAE entrepreneurship goals have taken center stage in the government’s economic vision, with a target of
building a community of two million registered companies and nurturing at least ten unicorn firms by 2031. The

announcement came from Abdullah bin Touq Al Marri, the Minister of Economy and Tourism, who described it as
part of the UAE’s roadmap to position itself among the world’s most dynamic hubs for business and innovation.

This move underscores the country’s shift from oil dependency to a broader economy powered by entrepreneurs,
small enterprises, and technology-driven firms. With more than 1.2 million companies already operating in the
UAE, the new target signals both ambition and confidence in the country’s ability to sustain long-term growth.

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