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UAE amends over 60 laws to support SME growth

SMEs account for 95% of companies operating in the UAE

Published: Tue 15 Oct 2024, 4:28 PM

Updated: Tue 15 Oct 2024, 4:29 PM
• By

• Issac John

Delegates and visitors at Expand North Star 2024. — Supplied photo

The UAE, which boasts a vibrant entrepreneurship and SME ecosystem, is geared up to position
itself as a leading hub for entrepreneurship by 2031.

The UAE, which has been classified as the best place in the world to set up and operate new
businesses, has amended over 60 laws to support the growth of SMEs and increase their
contribution to the national economy, says Alia bint Abdulla Al Mazrouei, Minister of State for
Entrepreneurship.

“Today, this ecosystem houses more than 50 government and private business incubators and
accelerators. In light of these developments, the UAE has been ranked first globally for the third

https://www.khaleejtimes.com/business/uae-amends-over-60-laws-to-support-sme-growth