New report underscores the UAE's emergence as a hub for entrepreneurs and startups
Source: ME NewsWire , Author: Posted by BI-ME staff
Posted: Tue March 21, 2017 11:14 am

UAE--(BUSINESS WIRE/ME NewsWire)-- The U.S.-U.A.E. Business Council and the Trade and Commercial Office of the U.A.E. Embassy in Washington, D.C. have released a groundbreaking report titled “The Entrepreneurial Emirates: The U.A.E.’s Startup Ecosystem and Opportunities for U.S. Investors.”

The first-of-its kind report details how the U.A.E. has long served as a magnet for regional entrepreneurs who are seeking to start or scale businesses. This is particularly true for businesses in the e-commerce sector, where the country has given rise to blockbuster successes such as Souq.com.

This trend shows no signs of abating. The U.A.E. provides startups with a business-friendly environment with low taxes and relatively favorable regulations. The country also offers strong government backing of SMEs as well as numerous co-working spaces, incubators, accelerators, training programs, and networking opportunities to get new businesses off the ground. In addition, it presents avenues to raise capital from a large and growing number of venture capital firms, private equity firms, and angel investors.

“There has never been a better time for startups to establish operations and investors to access deal flow in the U.A.E.,” according to U.A.E. Commercial Counselor Saud Al Nowais.

According to Al Nowais, enterprising U.S. investors looking to enter this space will find numerous startups that are set up to succeed by strong underlying economic currents and a supportive ecosystem. They will also find a demand for venture capital and attractive valuations for promising ventures.

Finally, they will enjoy a business-friendly environment in which to establish operations, forge investment partnerships, and access intriguing opportunities in the wider Middle East Africa South Asia (MEASA) region.

U.S.-U.A.E. Business Council President Danny Sebright notes, “These opportunities are only increasing as attitudes and philosophies toward venture capital rapidly shift for the better and as legal and business reforms accelerate in the U.A.E. and the wider Gulf region.”

A complete copy of the “Entrepreneurial Emirates” report can be found here.

Additional information can also be found at a new website, www.investuae.com, which provides a high-level overview of the benefits the U.A.E. provides both startups and investors.

Photo: File photo

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 22, 2017
UAE. Results announced at the Knowledge Summit 2017 in Dubai; The index identifies knowledge as an integral part of human life, affecting its social, economic and cultural aspects, as well as an engine for comprehensive and sustainable human development.
date:Posted: November 22, 2017
UAE. Ascertaining the impact VAT will have on a business and the changes required is an essential step in any VAT implementation process, businesses told at ACCA, Thomson Reuters event.
date:Posted: November 21, 2017
UAE. ICA Conference in Dubai to discuss importance of GCC sovereign wealth funds.
UAE. The panel explored the differences between a knowledge city and a "wise city"; Wise cities, distinguish themselves from their counterparts by successfully implementing knowledge and technology in a consistent framework, thereby becoming new centres of power.
dhgate