The United Arab Emirates ranked first in the world for the fourth year in a row in the World Entrepreneurship Report for 2024/2025 Global Entrepreneurship Monitor (GEM) The report also classified the UAE as the best place for entrepreneurship and small and medium enterprises, among the 56 economies included in the report for this year.
The UAE won the first place (within the group of high -income countries) in 11 major indicators out of 13 indicators in which the report is based on experts’ evaluation of the institutional frameworks supporting the Entrepreneurial Environment, and the frameworks in which the state excelled globally included: financing entrepreneurial projects, the ease of access to financing, government policies supporting entrepreneurship, government policies related to taxes and bureaucracy, and entrepreneurship programs Government, integrating entrepreneurship in school education, post -school education, transfer of research and development results, commercial and vocational infrastructure, ease of entering the market in terms of burdens and organizational regulations, social and cultural standards for entrepreneurship.
An integrated system of entrepreneurship
On this occasion, Alia Bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, said: “The forward -looking vision adopted by the UAE, thanks to the support and directives of its wise leadership, to develop an integrated work system for entrepreneurship and small and medium enterprises, we reap its fruits today with progress and prosperity at the regional and global levels, through the UAE’s first place as the best environment for entrepreneurship in the world, And the first destination for the establishment of emerging projects for the fourth time in a row. “
She added: “This achievement, which the UAE has achieved, reflects its commitment to providing an attractive and influential climate for entrepreneurship depending on the best global practices, and enabling emerging companies to expand the digital and advanced economic sectors, and to provide initiatives and appropriate solutions for financing and establish various projects, in order to support the establishment of the UAE’s position as a global center for the new economy by the next decade, in light of the targets of vision of vision (We Emirates 2031).
Pioneering national initiatives
She continued: “The national efforts are continuing to enhance the UAE’s position in the competitive indicators related to the fields of entrepreneurship and activities, and to increase the chances of success of entrepreneurs from 30% to 50% by the next decade, in line with the targets of the new system of entrepreneurship, which contribute to the consolidation of the culture of innovative entrepreneurship and the provision of integrated incentives to establish projects and support growth potentials among small and medium -sized companies with promising capabilities And strengthening its arrival in the world from the UAE. “
8.7 One billion dollars investments to enhance the competitiveness of the entrepreneurial environment
In detail, the report indicated that the entrepreneurial environment in the UAE continues its prosperity and progress globally, driven by supportive policies to practice business and economic activities, distinguished government initiatives, and competitive investment climate, explaining that one of the most prominent main factors that contributed to this is to pump the state in investments estimated at $ 8.7 billion to enhance innovation and the growth of small and medium companies, within initiatives “Fiftieth Projects” related to the pioneering of business and small and medium enterprises, allowing foreign ownership of companies by 100%, and the continuous increase in foreign direct investment that achieved a record in 2023.
High -level entrepreneurial culture
The report pointed out that the culture of entrepreneurship in the country has a high degree of awareness and ambition for members of society, as 67% of adults know the entrepreneur or believe that they have the skills necessary to start a commercial project, 70% of the Emirati society see strong opportunities to launch a commercial project locally, and 78% of new entrepreneurs give priority to the social and environmental influence on profitability, and 75% of Entrepreneurs in the early stages expect their work teams to expand, employ at least six employees during the next five years, 80% of entrepreneurs are planning to integrate digital technology into their commercial operations, 78% of new entrepreneurs are excited to build a large wealth or high income, and 55% of entrepreneurs in the UAE serving customers outside the UAE markets, which enhances the UAE’s position as a global business center And investment.
The UAE leads the “National Context Entrepreneurship Index” globally
The UAE was also ranked first in the world in the same report on the “National Context Entrepreneurship Index” NeciAnd that monitors the climate supporting entrepreneurship in each country, based on a balance of points according to the opinions of national experts in the field of entrepreneurship, which contributes to strengthening the UAE vision by reaching a million small and medium companies by 2031.
It is noteworthy that the announcement of this report for the International Observatory for Entrepreneurship, in conjunction with its celebration of the twenty -fifth anniversary of its founding as a world leader in the field of entrepreneurship. The observatory is one of the most important global references in entrepreneurship among countries and international organizations such as the International Bank, the International Monetary Fund and the Organization for Economic Cooperation and Development OECD And the World Intellectual Property Organization Wipo And United Nations organizations.
The report includes the largest study on entrepreneurship and its activities in the world, as it includes the research summary conducted by the observatory on global economies to measure the extent of its “leadership”, and the report’s methodology focuses on achieving three goals: measuring differences in entrepreneurship activity through the world’s economies, understanding the environmental system for entrepreneurship and revealing the factors affecting it, and proposing policies to enhance and develop the level of entrepreneurship.
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