Page 497 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2025 (International)

3/19/25, 1:21 PM Future100 initiative discusses fostering innovation in tech and sustainable ventures and enhancing UAE's entrepreneurial ecosyste…
expansion into regional and global markets.

She highlighted that thanks to the UAE's visionary leadership, the

country has successfully established a competitive legislative framework

that attracts entrepreneurs and startups worldwide, providing the

necessary initiatives and enablers for their success. SMEs currently

account for 94% of all businesses in the UAE, with 25,000 SMEs

founded by Emirati youth in 2024 alone. The UAE is home to over 50

government and private business incubators and accelerators,

contributing to its recognition as the best global destination for business

and economic activities in 2024, according to the Global

Entrepreneurship Monitor (GEM). The UAE also ranked first globally in

the GEM Entrepreneurship Index for 2023-2024 for the third consecutive

year, excelling in key indicators such as financing, market accessibility,

and government support.

H.E. Al Mazrouei underscored that developing national entrepreneurship

is a strategic priority for the UAE. It forms a core pillar of the country's

economic agenda, led by the Ministry of Economy, in collaboration with

federal and local government entities, the private sector, and academic

and research institutions.

She outlined the UAE's new entrepreneurship ecosystem initiatives,

designed to enhance the country's competitiveness and increase the

success rate of entrepreneurs from 30% to 50% by the next decade.

Notable initiatives include Riyada Fund, which allocates AED 300 million

to support entrepreneurial ventures and the UAE Entrepreneurship

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