The VAE strengthens its position as one of the world’s most attractive and secure destinations for startups, because new data and investor sentiment indicate the rising momentum about the regional entrepreneurial ecosystem.
Mena startups rose to $ 289 million in May, with 25% increases from April, with a WAMDA report that shows that the VAE contributed $ 86.7 million to 14 deals.
Completing with the announcement, the Dubai Future District Fund (DFDF) reported more than $ 1.65 billion in capital obligations last year and offered strategic support to more than 190 portfolio companies.
The Engreneur and Tech Investor Abdumalik Mirakhmedov, based in the VAE, says that the influence of DFDF is part of a broader, reinforcing EFORT by government agencies in the VAE that have created dynamic, pro-business landscape that adjacent to both regional and international founders.
“The business environment here is phenomenal,” says Mirakhmedov, director and co-Fount of Scalo Technologies, the VAE Tech Venture Company. “The government has set up the regulatory framework that is so good -hearted and enables startups to build with confidence.
“The country’s profession on entrepreneurs goes much further than financing. Dubai and Abu Dhabi offer everything that a startup needs to grow – access to capital, innovation infrastructure, talent and a quality of life that is difficult to defeat.”
MirakhMedov added: “With the VAE, we will help us with more potential partners as a worldwide technology group aimed at fast -growing sectors of the digital economy.”
“Startups have easy access to risk capital and angel investors here. Accelerators, co-working spaces and research center help companies get off the ground at an early stage, creating a fast-moving and supporting start-up scene.
“Sectors such as Fintech, AI, mobility and e-commerce have grown rapidly, thanks to policy reforms, long-term visa and the government supported by the government aimed at helping young companies.”
Mirakhmedov points to both Dubai and Abu Dhabi who offer the ideal setup for growth, with free zones built for technology companies, simple licenses and not income tax, all easier to launch and expand.
“There is also really respect for people who have successful,” he says. “Entrepreneurs feel a welecce, and that is supported by a professional corporate culture and a strong sense of personal safety. As more worldwide startups look for stables to grow, the VAE stands out – not only for his tools and support, but for creating the right overright.”
