The UAE establishes its position as a global destination for entrepreneurs

Dubai, October 2 / WAM / The UAE has strengthened, during the past decades, its global presence in the field of entrepreneurship, until today became the preferred destination for entrepreneurs who have achieved their dreams, and accomplished great successes and widespread spread in their business, regionally and globally, benefiting from investment features, infrastructure, logistical services, multiple industrial areas, comprehensive legal umbrellas, as well as On the vital strategic location of the state, which links the state smoothly and vital with all over the world.
The national campaign “The Emirates is the capital of entrepreneurs in the world”, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the State, Prime Minister, Ruler of Dubai, “God bless him”, under the slogan “The capital of entrepreneurs in the world”, to establish the position of the UAE as a global destination for entrepreneurship, through an integrated set of programs and initiatives that support young people and enable them to establish projects, motivate innovation, and contribute to diversification National economy.
The UAE believes in the importance of the entrepreneurial sector in leading the transformation towards the new economic model based on knowledge and competitiveness, especially with the arrival of the contribution of small and medium enterprises to 63.5% in the state’s non -oil GDP by the end of mid -2022.
The UAE continues at the same time to strengthen this vital position with proactive initiatives, nominated to assume the first rank globally for the fourth year in a row in the World Entrepreneurial Observatory report for 2024/2025 Global Entrepreneurship Monitor (GEM), and its classification as the best place for entrepreneurship and small and medium enterprises among 56 economies included The report, in addition to obtaining the first position (within the group of high -income countries) in 11 major indicators out of 13 indicators, according to experts’ evaluation of the institutional frameworks supporting the entrepreneurial environment in which the state excelled globally, and includes financing for entrepreneurial projects, ease of financing, government policies supporting entrepreneurship, government policies related to taxes and bureaucracy, government entrepreneurship programs, and government entrepreneurship programs, And the inclusion 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 and organizational regulations, social and cultural standards of entrepreneurship.
While the 2025 global power index, which was announced during the annual soft power conference in the British capital “London” at the beginning of this year, showed the UAE ranked second globally in the ease of doing business.
This report highlights the most prominent factors through which the UAE has strengthened its investment environment that attracts entrepreneurs, interacting with the national campaign “The Emirates is the capital of entrepreneurs in the world” launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, Ruler of Dubai, “God bless him”, within the meeting of the Council of Ministers, under the slogan “The capital of entrepreneurs in the world” with the aim of establishing the UAE’s position as a global destination Business, which comes under the supervision of the Ministry of Economy and Tourism and in cooperation with more than 50 governmental and private agencies, incubators, business parking and academic institutions in the country, to provide a comprehensive environment to empower youth and entrepreneurs to establish entrepreneurial projects.
The UAE has adopted an exceptional economic strategy through which it strengthened the chances of investment success, whether in terms of encouraging local entrepreneurs from the UAE, or in terms of attracting investors from outside the UAE, and this is evident through many qualitative initiatives in this field.
On the local level; The UAE was keen to develop an integrated system of national business leadership based on international best practices, in the belief of the importance and role of this system in diversifying the national economy, stimulating innovation and creativity in various vital fields and activities, and providing job opportunities for Emirati youth, especially with the presence of more than 50 governmental and private agencies, incubators and accelerators of business and academic institutions in the UAE markets.
The results of the entrepreneurship and small and medium enterprises initiatives launched by the Ministry of Economy and Tourism and the federal and local authorities in the country during the last period were reflected in high awareness of the culture of entrepreneurship in the country, as 67% of adults know the entrepreneur or believe that they have the skills necessary to start a commercial project, and 70% of the Emirati society see strong opportunities to launch a commercial project locally, and 78% of entrepreneurs The new ones give priority to the social and environmental influence on profitability, 75% of entrepreneurs in the early stages expect their work teams to expand, 80% of entrepreneurs are planning to integrate digital technology into their commercial operations, 78% of new entrepreneurs are excited to build a large wealth or high income, and 55% of entrepreneurs in the Emirates serve customers outside the UAE markets, which enhances the UAE’s position A global business center.
As for the encouragement of global investments for talents and entrepreneurs; The UAE has launched a number of initiatives that have supported the growth of entrepreneurs and startups in the UAE market over the past few years, including the “100 companies from the future” and the “Interestopia” initiative to stimulate the establishment of startups and innovative projects in the new and sustainable economies, and to provide an incubator environment for global talent owners, and that 16 government agencies in the UAE are working to support and help small and medium projects In obtaining the necessary expertise and reaching global markets, as a result, the UAE today is an incubator environment for the growth of the business of billionaire companies (UNCRAN) and ranks 17th globally in this aspect.
The UAE has relied in its global leadership in the field of attracting and attracting entrepreneurs and startups looking to expand a set of pillars and ingredients that make it the best environment globally for business, which is to simplify governmental procedures, reduce bureaucracy, provide tax and financing incentives to attract more entrepreneurs and investors, and encourage partnerships between the public and private sectors to enhance entrepreneurship, what It contributes to providing financing and expertise, and technical support for small and medium enterprises, in addition to the accelerators launched by the UAE government, such as the Future Dubai accelerators, and Abu Dhabi accelerators, which aim to support entrepreneurs and provide the necessary funding for them.
The UAE also provides an integrated legislative system of economic and investment laws and policies that support entrepreneurship, including 100% foreign ownership of companies, and the provision of more than 2000 economic activities, with a return of 100% of profits, and more than 10 major government programs to support entrepreneurship, as well as the presence of advanced infrastructure such as ports and airports that link the UAE to the world, as well as establishing free economic areas And industrial complexes that support the growth of entrepreneurs ’projects, with procedures and services to establish companies during record time periods, provide a competitive tax for companies, granting golden residence to entrepreneurs, talent and minds for a period of up to 10 years, as well as a strong banking system in the country, with high levels of liquidity, government support for the banking sector, with no restrictions on the transfer of foreign currencies.
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 the competitive investment climate, and this contributed to achieving the state in investments estimated at 8.7 billion of them to enhance innovation and the growth of small and medium -sized companies, within the initiatives of “Fifty Fiftys” related to business leadership and small and medium enterprises.
The UAE is not satisfied with the qualitative investment ingredients, but rather is keen to supply all of this with pioneering plans to enhance the state’s position in competitive indicators related to the fields of entrepreneurship, and increase the chances of success of entrepreneurs from 30% to 50% by the next decade, in line with the targets of the new system of entrepreneurship, which contribute to the consolidation of the culture of innovative entrepreneurship and provides integrated incentives to establish Projects and support for growth potential for small and medium -sized companies with promising capabilities and enhance their access to the world from the UAE.

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