Over Half of MENA Startups Call UAE Home
19 September 2024•
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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.
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