Exploring the Startup Sectors Competition in MENA 2024
04 September 2024•
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The startup landscape in the Middle East and North Africa (MENA) region is rapidly transforming, with various sectors experiencing significant competition and growth. Data indicates that 46% of these sectors have a high density of startups, a factor that typically drives accelerated infrastructure development, enhances support services, and fosters greater knowledge sharing within the ecosystem.
Mature sectors like commerce and fintech are particularly prominent, with over 1,000 startups in commerce and nearly 600 in fintech. In contrast, emerging areas such as sustainability and biotechnology remain in their early stages, presenting substantial opportunities for new entrants. The relatively small number of startups in these nascent sectors, coupled with their strong potential for attracting investment, suggests these sectors have room for more competition.
Author
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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