Page 478 - MOET PR REPORT- SEPTEMBER 2025

9/23/25, 3:53 PM Minister of Economy: UAE seeks to increase number of startups to more than two million by 2031
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. (ANI/WAM)

https://www.aninews.in/news/world/middle-east/minister-of-economy-uae-seeks-to-increase-number-of-startups-to-more-than-two-million-by-20312025… 3/3