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10/25/24, 11:40 AM H.E. Alia Al Mazrouei reviews UAE's efforts to develop national entrepreneurship environment - Middle East News 247

H.E. Alia Al Mazrouei reviews UAE’s efforts to

develop national entrepreneurship environment

By News Desk 1 October 14, 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.

UAE’s efforts in developing the national entrepreneurship environment

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