$8.7 Billion Investment Strengthens UAE’s Entrepreneurial Edge
The United Arab Emirates has once again solidified its position as the world’s leading hub for entrepreneurship, securing the top spot in the Global Entrepreneurship Monitor (GEM) report for the fourth consecutive year. Outperforming 55 other economies, the UAE continues to set the standard for fostering a thriving business environment and supporting small and medium enterprises (SMEs).
With exceptional rankings in 11 out of 13 key indicators among high-income nations, the UAE has demonstrated strong performance in entrepreneurial financing, access to capital, and government policies that actively promote business growth. Additional factors contributing to its dominance include a business-friendly regulatory framework, strategic government-backed entrepreneurship programs, and a strong integration of entrepreneurship into education systems.
This recognition reaffirms the UAE’s commitment to nurturing an innovation-driven economy, positioning itself as a global leader in business investment and enterprise expansion. 
A Robust Entrepreneurial Ecosystem
Commenting on the UAE’s remarkable achievement, Alia Abdulla Al Mazrouei, Minister of State for Entrepreneurship, credited the nation’s leadership for establishing a comprehensive framework that fuels the growth of startups and SMEs.
“The UAE’s success in securing the top global ranking for entrepreneurship is a testament to the visionary approach of our leadership. Through strategic initiatives, regulatory reforms, and investment in high-growth sectors, we have built an environment that attracts entrepreneurs from around the world,” said Al Mazrouei.
She emphasized that the UAE’s commitment to fostering entrepreneurship aligns with the national vision to position the country as a global economic powerhouse by 2031.
“The UAE continues to support businesses with tailored financing options, incentives, and digital transformation initiatives. These efforts ensure that startups and SMEs can scale efficiently, contributing to the broader economic landscape and reinforcing our reputation as a hub for global enterprise,” she added.
UAE’s Entrepreneurial Growth Backed by $8.7 Billion Investment
A key driver behind the UAE’s entrepreneurship success is its strategic investment of $8.7 billion in innovation and SME development. This initiative, part of the “Projects of the 50” framework, is designed to enhance business competitiveness, drive technological advancement, and accelerate economic diversification.
The UAE’s decision to allow 100% foreign ownership of companies has also significantly boosted investor confidence, attracting record-breaking foreign direct investment (FDI) in 2023. These strategic policies continue to strengthen the nation’s appeal as a destination for entrepreneurs and global investors.
A Culture of Innovation and Ambition
According to the latest GEM report, the UAE’s entrepreneurial ecosystem is marked by high levels of business awareness, ambition, and digital integration. The findings indicate that:
- 67% of UAE adults know an entrepreneur or feel confident in their ability to start a business.
- 70% see strong opportunities for launching a business locally.
- 78% of new entrepreneurs prioritize social and environmental impact alongside profitability.
- 75% of early-stage businesses plan to expand their workforce by hiring at least six employees over the next five years.
- 80% of entrepreneurs intend to integrate digital technologies into their operations, reinforcing the UAE’s position as a leader in digital transformation.
Furthermore, 55% of UAE-based entrepreneurs serve international clients, underscoring the nation’s role as a global business gateway.
UAE Ranks First in NECI, Reinforcing Global Leadership
In addition to topping the GEM report, the UAE secured the number one ranking in the National Entrepreneurship Context Index (NECI), which evaluates the strength of a country’s entrepreneurial ecosystem. This achievement highlights the UAE’s exceptional support structures, policy frameworks, and infrastructure that enable businesses to thrive.
As the UAE continues its journey toward economic transformation, it remains steadfast in its goal of reaching one million SMEs by 2031, further cementing its position as a global leader in entrepreneurship, investment, and innovation.
