Page 470 - MOET PR REPORT- SEPTEMBER 2025

9/23/25, 3:52 PM UAE aims to have 2 million firms by 2031; focus on startups
He explained that the UAE possesses comprehensive strategies that encompass economic clusters, food
security, economic openness through Comprehensive Economic Partnership 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.

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