The first UAE in the world for the fourth year in the International Observatory for Entrepreneurship Report

2025/04/02 12:05:49 PM

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Abu Dhabi, April 2 /WAM /The UAE ranked first in the world for the fourth year in a row in the “World Entrepreneurship Report for 2024/2025 /2025 Global Entrepreneurship Monitor, GEM”, and the report also ranked the UAE as the best place for entrepreneurship and small and medium enterprises, among the 56 economies included for this year.

The UAE won the first place, within the group of high -income countries in 11 major indicators out of 13 indicators, in which the report is based on experts’ evaluation of the institutional frameworks supporting the Entrepreneurial Environment.

The frameworks in which the state surpassed globally included: financing entrepreneurial projects, ease of access to financing, government policies supporting entrepreneurship, government policies related to taxes and bureaucracy, government entrepreneurship programs, integration of entrepreneurship in school education, post school education, transfer of research and development results, commercial and professional infrastructure, and the ease of entering the market in terms of burdens, organizational regulations, social standards, and social standards Cultural entrepreneurship.

His Excellency Alia Bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, said that the fruits of the forward -looking vision adopted by the UAE, thanks to the support and directives of its rational leadership, to develop an integrated work system for entrepreneurship and small and medium enterprises, is evident today progress and prosperity at the regional and global levels, through the UAE getting the first place as the best environment for entrepreneurship in the world, and the first destination To establish emerging projects for the fourth time in a row.

She added that this achievement reflects the state’s commitment to providing an attractive and influential climate for entrepreneurship depending on the best global practices, enabling emerging companies to expand in the digital and advanced economic sectors, and to provide initiatives and appropriate solutions for financing and establishing various projects, in order to support the establishment of the UAE’s position as a global center for the new economy by the next decade, in light of the targets of Vision Vision “UAE 2031”.

The report pointed out that the entrepreneurial environment in the UAE continues its prosperity and progress globally, driven by supportive policies to practice business and economic activities, distinguished government initiatives, and competitive investment climate, explaining that one of the most prominent main factors that contributed to this achieved the state pumping investments estimated at $ 8.7 billion to enhance innovation and the growth of small and medium companies, within the initiatives of “fifty projects” Related to the leadership of business and small and medium enterprises, allowing foreign ownership of companies by 100%, and the continuous increase in foreign direct investments that achieved a record in 2023.

The report pointed out that the culture of entrepreneurship in the state has a high degree of awareness and ambition for members of society; As 67% of adults know a business leader or believe that they have the skills necessary to start a commercial project, while 70% of the Emirati community see strong opportunities to launch a commercial project locally, and gives 78% of new entrepreneurs priority to the social and environmental influence on profitability, and 75% of entrepreneurs in the early stages expect to expand their work teams, and the employment of at least six employees during the next five years, 80% of entrepreneurs are planning to integrate digital technology into their commercial operations, and 78% of new entrepreneurs express their enthusiasm to build a large wealth or high income, and it serves 55% of entrepreneurs in the UAE clients outside the UAE markets, which enhances the UAE’s position as a global business and investment center.

The UAE was also classified in the first place in the world within the same report on the “National Entrepreneurship Index”, which monitors the climate supporting entrepreneurship in each country, based on a balance of points according to the opinions of national experts in the field of entrepreneurship, which contributes to enhancing the UAE’s vision by reaching a million small and medium companies by 2031.