Page 195 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 3:24 PM In the presence of H.E. Alia Bint Abdulla Al Mazrouei Ministry of Economy organizes Riyada Development Program in Al Dhafra to dri…
Exploring entrepreneurial ventures in Al Dhafra:

H.E. Al Mazrouei said that the UAE’s entrepreneurship and SMEs sector continues to experience sustained
growth, with Emirati youth establishing 25,000 SMEs in 2024 alone. Currently, SMEs account for 94 per cent of

the total companies operating in the UAE market, contributing 63.5 per cent to the non-oil GDP. The UAE is
also home to more than 50 government and private business incubators and accelerators.

Challenges faced by entrepreneurs addressed:

The event featured a panel discussion that addressed the key challenges faced by entrepreneurs in Al Dhafra
and explored strategies to transform them into new opportunities for innovative projects across various vital
economic sectors. The event also highlighted a series of inspiring success stories from entrepreneurs and

startup founders in the region.

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