The UAE establishes its position as a supportive environment for the growth of entrepreneurship

The UAE has established its place in support of the growth and continuity of new business and its diversification, especially in the emerging sectors, and it has become a role model in supporting and motivating the entrepreneurial sector through its pioneering steps in enabling Emirati entrepreneurs and enhancing the state’s attractiveness to attract startups, in addition to encouraging small and medium enterprises to expand In the new economy sectors.

The UAE pays great attention to the development and development of the national entrepreneurial system based on best global practices, and the provision of flexible economic legislative policies that will establish emerging projects easily, and to accelerate the growth of business of small and medium -sized companies, especially with the continuous developments of the legislative system of the entrepreneurial sector in the country.

National efforts continue to provide a competitive climate for entrepreneurs and enable them to attract investments and promote their products and services, and to help them obtain the necessary funds and enhance the culture of entrepreneurship in the groups of society, in a way that establishes the UAE’s position as a leading global destination for entrepreneurship and emerging projects, in light of the targets of «We UAE Vision 2031 », And in conjunction with the year of society, which enhances the importance of entrepreneurship in the state, because of its concrete economic effects that are directly reflected on society.

The Ministry of Economy launched the new system of entrepreneurship last November, which represents a road map to enhance the competitiveness of national entrepreneurship, moving forward towards building a better future for entrepreneurs and entrepreneurs, and aims to enhance the competitiveness of the UAE and increase the chances of success of entrepreneurs from 30% to 50% by 2031.

The system included four major initiatives, which include the “leadership fund”, an initiative that provides financial allocations worth 300 million dirhams, to support entrepreneurial projects, especially those led by Emirati youth, by providing facilitated funding and training and guidance programs linking them with industry experts and investors.

The system includes the “Emirates Business Entrepreneurship” initiative, which aims to unify national trends, to enhance the growth of small and medium enterprises business in the country, support cooperation between the relevant authorities, and the proposal of incentives and initiatives that contribute to empowering entrepreneurs, in addition to the initiative “Establishing a unified national platform For entrepreneurship, “aimed at unifying the efforts and achievements of the entrepreneurial system, and aims to achieve the highest standards in the ease of doing business to reach higher success rates.

The system also includes the initiative of the “Emirates Youth for Entrepreneurship”, which was announced launched a few days ago to support emerging projects for Emirati youth, and create an incubator environment that enables them to lead entrepreneurial projects and contribute to sustainable economic development.

The Entrepreneurship Sector and Small and Medium Enterprises in the country succeeded in consolidating the position of one of the main possibilities to enhance economic diversification, as UAE youth established 25 thousand small and medium companies during the year 2024, and small and medium -sized companies acquired 94% of the total companies operating in the UAE markets, and contribute by 63.5 % In GDP, non -oil GDP until the end of mid -2022, in addition to the presence of more than 50 incubators and speed of government and private businesses in the UAE markets.