Report: It contributed to 46% of the emirate's GDP during 2019

Small enterprises make up 99% of the private sector companies in Dubai

  • Dubai is seeking to consolidate its presence among the leading authorities in the field of the Fourth Industrial Revolution.



The "Dubai Emerging Enterprises Report 2021" showed that small and medium enterprises constitute 99% of the private sector companies in Dubai, as their contributions are estimated at 46% of the emirate's GDP, and 53% of the UAE's GDP in 2019, while the government is looking forward to Federal to increase this percentage to 60% in 2021.

The report, issued by Dubai Startups, an initiative of the Dubai Chamber of Commerce and Industry, in cooperation with the Dubai Technology Entrepreneurship Center (DTEC), owned by the Dubai Silicon Oasis Authority, indicated that Dubai is one of the best cities in the world for entrepreneurs to establish companies. Especially in the import and export sector, it also ranks ninth in the world in terms of logistics services, costs and the level of interconnection between markets. About 46% of Dubai's small and medium enterprises operate in the field of exporting goods or providing cross-border services.

Remarkable prosperity

The report indicated that venture capital activities are witnessing a remarkable boom in the UAE, especially in Dubai, which is a center for expansion towards other countries in the Middle East region and a launching pad for investments in the UAE, as it drew to the expectations that the number of emerging companies in the Middle East region will witness. , Which operates in the financial technology field, will grow from 96 companies in 2019 to 465 companies by 2022, and the value of investments in financial technology will increase eight-fold, from $ 287 million to $ 2.28 billion.

He indicated that the Dubai government is seeking to consolidate the emirate's presence among the leading authorities in the field of the Fourth Industrial Revolution, by launching initiatives aimed at strengthening Dubai's position among the leading cities of the future and a prominent center for innovation and technology.

A leading center

The Director General of the Dubai Chamber of Commerce and Industry, Hamad Buamim, said that the “Dubai Emerging Companies Report” is an important and reliable source for emerging companies and investors in other markets, as it provides a lot of important and practical information about the mechanisms of work of emerging companies, which are witnessing rapid and continuous growth in Dubai. .

He added, "The launch of the report comes at a time when emerging companies are leading the digital transformation in Dubai, and contribute to enhancing innovation in various sectors, in addition to the important role they will play in building the emirate's economy in the post (Covid-19) stage."

Buamim indicated that the report, with its forward-looking vision for the entrepreneurial sector, supports the Dubai Chamber’s strategy to support entrepreneurship, and reflects its constant endeavor to support continuous efforts to strengthen Dubai’s position as a leading center for the most important emerging companies from all over the world.


In his turn, the Vice President and CEO of the Dubai Silicon Oasis Authority, Dr. Muhammad Al Zarouni, stressed that all the competitive elements are available to attract innovative entrepreneurs and owners of emerging projects to Dubai, and to establish its leadership position as a global destination for entrepreneurs of emerging projects in various sectors, especially in the technology sectors. Innovation and applications of the Fourth Industrial Revolution, which has witnessed a continuous rise and has greatly accelerated, during the last period after the pandemic imposed new work patterns.

Integrated directory

The “Dubai Startup Report 2021” is a comprehensive and complete guide that includes all information about the reality, system and advantages of startups in Dubai.

The report, which is dedicated to global emerging companies and investors wishing to explore the horizons of commercial opportunities available in the emirate, provides valuable and accurate data on the UAE and Dubai economy, the business environment, competitive advantages, regulatory and administrative procedures, and other important details related to establishing businesses, free zones, and business incubators. In addition to the support programs provided to small and medium companies, access to finance, and investment capital, as well as reviewing a number of success stories of local startups.

The report also includes an overview of the procedures, laws and legislations that were adopted in the past few years, with the aim of supporting commercial activity, increasing the volume of foreign investments, and attracting promising companies and investors from around the world.

• 46% of the startups in Dubai work in exporting goods or providing cross-border services.

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