The UAE has solidified its reputation as a top destination for startups, thanks to its investor-friendly policies, flexible regulations, and a strong focus on innovation. International rankings highlight the country’s thriving start-up ecosystem, particularly in fintech.
According to Statista, the UAE had over 5,600 registered start-ups by Q2 2024, outpacing other GCC nations. The fintech sector alone boasts more than 550 companies.
A report by Startup Genome noted rapid growth in Abu Dhabi, Dubai, and Sharjah. Abu Dhabi’s ecosystem, valued at $4.2 billion, is the fastest-growing in the MENA region, with Hub71 playing a pivotal role. Dubai leads the region with a $23 billion ecosystem, supported by initiatives like In5, which has backed over 1,000 start-ups and raised AED 7.8 billion in funding.
Sharjah, home to 60,000 SMEs, contributed significantly with a $424 million start-up ecosystem.
The UAE’s dynamic environment continues to elevate its status as a global player in start-up innovation and economic growth.
