%2Fuploads%2Fnewsletter%2F2024%2F0918_1.jpg&w=3840&q=75)
Over Half of MENA Startups Call UAE Home
The UAE continues to dominate the startup scene in the MENA region in 2024, with more than half of all active startups located within the country. Its market share has grown significantly, rising from 43% to 51%, reinforcing its position as the region's largest startup hub since 2017.
Meanwhile, countries outside the top three (UAE, Egypt, and Saudi Arabia) are seeing a decline in their share of the startup ecosystem. Their collective market share has dropped from 23% to 16%, indicating a more concentrated focus on these leading hubs.
With 3,700 active startups in the region today, the MENA ecosystem is evolving, and the UAE remains the frontrunner in shaping the future of innovation and business in the region.
Related Report
%2Fuploads%2Fdubai-digitized-economy-2%2Fcover.jpg&w=3840&q=75)
Dubai’s Digital Economy and Its Expanding Startup Ecosystem
Dubai’s startup ecosystem will have raised over USD 2 billion by the end of 2022, with self-employed and digital economy roles tripling. Few MENA markets have a 20-year-old startup ecosystem birthing multiple unicorns. Dubai has been the digital startup hub for tech giants and new unicorns alike. Since 2017, Dubai has raised 96% of UAE’s funds, totaling over USD 2 billion by October 2022. LinkedIn data shows a booming digital economy job market with increasing opportunities and remote work options. Learn from top home-grown startups and global transplants why Dubai is poised to become the next digital economy capital of the world.
