Total MENA Funding & Number of Deals Over the Past 5+ Years (2017-Q2 2022)
23 December 2022•
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Dubai is already a regional heavy-weight as a digital and start-up hub, second only to Tel Aviv in ecosystem size and funding received. But, unlike Tel Aviv, which caters almost entirely to Israeli founders, Dubai is an international start-up hub, welcoming founders from around the world.
The UAE has attracted more than 4.4x the amount of total VC funding than 3rd placed Saudi Arabia, since 2017. In 2021, 28% of all funded start-ups in the Arab world were Dubai-based.
It is estimated that Dubai’s start-up ecosystem is valued at well-over US $7 billion. In 2021 alone, Dubai-based start-ups raised over US $1 billion in funding in 146 out of the 162 deals executed in the country. 96% of all amounts fundraised in the UAE went to Dubai-based start-ups in the past five years (2017-2021).
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