By Lucidity Insights Research Team • November 19, 2024
UAE: The Middle East's Thriving Hub for Tech Unicorns
The UAE is home to 12 unicorns, with Dubai driving growth as a global hub for innovation, startups, and entrepreneurship success.
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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.
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Join Erika Welch at GITEX GLOBAL 2024 as they launch the Dubai Startup Guide 2024, a key resource for startups and investors. Watch now!
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July 2024 sees a 123% YoY increase in MENAPT VC funding, with Pathfinder, MNT-Halan, and Magenta Medical leading the charge.
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Dubai is making rapid strides towards becoming the world's Digital Economy Capital by 2030. Meet the startup founders shaping this transformation. Watch the video to learn more!
