Page 435 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 10:33 AM H.E. Alia Al Mazrouei reviews UAE’s efforts to develop national entrepreneurship environment and the new economic model at ‘E…
H.E. Alia Al Mazrouei reviews UAE’s

efforts to develop national

entrepreneurship environment and the

new economic model at ‘Expand North

Star’ event

October 15, 2024 10

Minister of State for Entrepreneurship: The UAE today boasts a comprehensive
entrepreneurship and SMEs ecosystem. The event is an ideal opportunity to enhance

investment prospects in startups and technology.

Advertise here.

Abu Dhabi,October 2024 – H.E. Alia bint Abdulla Al Mazrouei, Minister of State for
Entrepreneurship, participated in a session titled ‘The UAE’s Vision for Entrepreneurship –

Future Growth Opportunities for Local and Global Investors,’ which took place at ‘Expand North
Star 2024,’ one of the largest events for startups and investors from around the world. The

event is being organized by the Dubai World Trade Centre and hosted by the Dubai Chamber of
Digital Economy at Dubai Harbour from 13 to 16 October.

H.E. Al Mazrouei said that the UAE, thanks to the guidance of its wise leadership, boasts a
comprehensive entrepreneurship and SMEs ecosystem today, characterized by pioneering

initiatives, a flexible legislative framework, and competitive incentives for establishing
businesses and startups. Furthermore, the UAE has amended over 60 laws to support the

growth of SMEs and increase their contribution to the national GDP. 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 consecutive year by
the Global Entrepreneurship Monitor (GEM) report 2023/2024, surpassing many advanced

economies. The country has also been classified as the best place in the world to set up and
operate new businesses.

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