UAE's Startup Ecosystem Unicorns: Homegrown and Relocated
08 October 2024•
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The UAE has emerged as a major hub for entrepreneurial success in the Middle East, with Dubai at the forefront of its unicorn ecosystem. Dubai’s success story is best exemplified by homegrown companies like Souq.com and Careem, which have gone on to achieve global recognition.
Since the first unicorn was born in 2016, the UAE has seen 11 companies cross the billion-dollar mark, 8 of which are based in Dubai. International companies like Telegram, originally founded in Russia, have also moved their headquarters to Dubai, drawn by the city’s favorable business landscape, strategic location, and robust infrastructure, further reinforcing the Emirate’s position as a global tech hub.
The latest addition to the list is AIQ, a joint venture between Presight and ADNOC, located in Abu Dhabi.
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