The UAE, with its sheer number of scaleups has tipped the MENA average to a higher value of 0.2% Scaleup Investing ratio and 0.16% for Scaleup Density ratio. While a number of countries in the region have a lower Scaleup Investing ratio than MENA average, countries like Jordan, Saudi Arabia, Qatar, Lebanon and Kuwait all have above regional ratios, showing preference for startups to operate from these countries.
Dubai's Venture Capital Ecosystem
There are 749 scale-ups that have raised over US $1 million in fundraising in the Middle East and North Africa region; collectively raising over US $19.5 billion, cumulatively, as of December 2022. Over 40% of these scale-ups call Dubai home.