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9/23/25, 5:02 PM UAE seeks to increase number of startups to more than two million by 2031 - The Economic Times
UAE seeks to increase number of startups to more

than two million by 2031

SECTIONS UAE seeks to increase number of startups to more than two million by 2031
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Synopsis
UAE today hosts more than 1.2 million companies, of which around one million are
owned by entrepreneurs, representing nearly 94% of the total. This reflects the pivotal
role of entrepreneurs in strengthening the national economy.

ANI

Abdullah bin Touq Al Marri, Minister of Economy and Tourism, affirmed that
startups and entrepreneurs constitute a fundamental pillar in the UAE's economic
growth journey, noting that the country aims to increase the number of
companies to more than two million by 2031.

In statements to the Emirates News Agency (WAM) on the sidelines of the
press conference announcing the details of the national campaign 'The Emirates:
The Startup Capital of the World', Al Marri added that the UAE also aims to see
10 unicorns emerge during the same period, with about five unicorn companies
having already originated from the country.

He pointed out that the campaign supports these national goals by providing an
enabling environment that empowers youth to launch their entrepreneurial
ventures and achieve growth and expansion.

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