Catering, health sector, and distance education applications made tangible gains during the Corona pandemic
The UAE will acquire 56% of the investments of emerging companies in the region during 2020
Tariq Al-Saman: “A large number of startups in the UAE have regained their activity and were able to start recovering from the effects of Corona.”
The Emirates Association of Entrepreneur Investors reported that the UAE acquired 56% of the total funds invested in investment deals held by emerging companies in the Middle East region during the year 2020, as well as 26% of the total number of investment deals for these companies, according to reliable international and regional reports.
She added to "Emirates Today" that a large number of emerging companies in the country began to restore their activities, and were able to start the phase of recovery from the effects of the Corona pandemic during the recent period, thanks to the strong government support measures that affected various economic sectors, noting that emerging companies operating in sectors Several, mainly, content services companies, data and information services, catering applications, the health sector, distance education, and organizing virtual meetings and conferences;
It was able to make tangible gains and show flexibility to take advantage of the great changes that occurred during the pandemic period.
In detail, the Secretary of the Emirates Association of Entrepreneurial Investors, Tariq Al-Saman, said, “The UAE acquired 56% of the total funds invested in investment deals concluded by emerging companies in the Middle East during the year 2020, equivalent to ($ 1.013 billion equivalent to 3.71 billion dirhams). ) Out of a total of two billion dollars (7.4 billion dirhams) that were invested in the entire region, according to reliable international and regional reports.
Al-Saman said, "The UAE also acquired 26% of the total number of investment deals for emerging companies during the past year, meaning about 125 deals out of the total deals that amounted to 496 deals during the same year."
He stressed that a large number of emerging companies in the country began to restore their activity and were able to start the recovery phase from the effects of the Corona pandemic during the recent period, thanks to the strong government support measures that affected various economic sectors, indicating that the government rushed to support and support the private sector to overcome the effects and repercussions « Covid-19 ».
Al-Saman explained that the full recovery of startups in the country depends on several factors, the most prominent of which is the success of the companies themselves in developing and implementing action plans dedicated to dealing with emergencies, as well as the ability of companies to adapt and show flexibility, in addition to the nature of the sector in which they operate and the extent of the damage caused. In the sector in which it operates, he called on various companies to develop action plans during emergencies, after the pandemic proved the importance of having programs and plans to work in light of emergencies, crises and epidemics.
He pointed out that emerging companies operating in specific sectors in the UAE were able to achieve tangible gains and show flexibility to take advantage of the great changes that occurred during the Corona period, chief among them are content services companies, data and information services, restaurant applications, the health sector and distance education, and organizing virtual meetings and conferences.
New investors
The Secretary of the Emirates Association for Entrepreneurial Investors, Tariq Al-Saman, said that the most important challenges facing new investors and young entrepreneurs are the challenge of financing, indicating that the best option, especially in the stage of launching projects, is to rely on investment with self-capital, in addition to investment The initiative, as well as another challenge, is how to shift towards technology, with the need to enhance competencies and the spirit of innovation among entrepreneurs in various sectors.
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