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Agreements, as well as strategies for innovation and intellectual property protection, affirming the
readiness of the national infrastructure to support the growth of startups at both the federal and
local levels.
He noted that the 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, he emphasised, reflects the
pivotal role of entrepreneurs in strengthening the national economy.
The small and medium-sized enterprises (SMEs) contributed 63.5% to the non-oil GDP of the
national economy by mid-2022, while SMEs account for 95% of the total number of companies
operating in the UAE markets.
https://www.wam.ae/en/article/bltjo32-minister-economy-uae-seeks-increase-number

