Page 468 - MOET PR REPORT- SEPTEMBER 2025

9/23/25, 3:52 PM UAE targets 2 million companies and 10 unicorns by 2031, says Minister of Economy - Arabian Business: Latest News on the Middl…

The UAE currently hosts more than 1.2m companies, with around one million owned by

entrepreneurs — representing nearly 94 per cent of the total.

This, the Minister said, underscores the pivotal role of entrepreneurs in strengthening the
national economy.

Small and medium-sized enterprises are already a cornerstone of national growth.

By mid-2022, SMEs contributed 63.5 per cent to the UAE’s non-oil GDP and accounted for

95 per cent of the companies operating in the local market.

Key targets to 2031

2m companies to operate in the United Arab Emirates by 2031
10 unicorns targeted, with five already originating in the United Arab Emirates

1.2m companies currently active nationwide
1m entrepreneur-owned firms, making up 94 per cent of total

63.5 per cent share of non-oil GDP contributed by SMEs (mid-2022)

95 per cent of United Arab Emirates companies are SMEs

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