According to the Global Entrepreneurship Monitor report issued at Expo 2020 Dubai.

The UAE is first internationally in the Global Entrepreneurship Index 2022

  • The UAE has improved on 11 axes out of the 13 axes included in the index structure.

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  • Abdullah bin Touq: "The UAE launches the new 50 with a new achievement that leads the world economies in enabling and developing entrepreneurship."

  • Ahmed Belhoul Al Falasi: "The result will benefit all sectors and economic activities, entrepreneurs and investors in all emirates of the country."

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The United Arab Emirates ranked first globally in the Global Entrepreneurship Index 2022, according to the report issued by the Global Entrepreneurship Monitor (GEM), ahead of the fourth globally in last year's report, and outperforming all participating global economies. in the report.

The country achieved the highest rate on the overall ranking of the index by 6.8 degrees, and ranked first in the world in the surveys of entrepreneurs in the country, which was carried out by the Global Entrepreneurship Monitor, as the best body in the world for establishing and starting businesses, and the most supportive environment for entrepreneurship.

The report was announced on the sidelines of an event held at Expo 2020 Dubai, yesterday.

world achievement

The Minister of Economy, Abdullah bin Touq Al Marri, said: “A distinguished result and a pioneering global achievement achieved by the United Arab Emirates, thanks to the support and vision of its wise leadership, to inaugurate the new 50 years of the country’s life, and place it at the forefront of global economies in developing the entrepreneurship system, and providing an enabling environment for companies. An incubator for entrepreneurs, and an attraction for entrepreneurial projects, especially those based on new ideas, innovation and emerging technologies.

He added: "We are proud of this result, which comes as a result of the long-term vision of the wise leadership, which placed the entrepreneurship sector at the forefront of the development priorities and economic plans of the state. , especially the momentum enjoyed by the entrepreneurship sector and small and medium-sized companies in the UAE,” stressing that “this result is the culmination of the concerted and continuous efforts made by the Ministry of Economy and its partners from all federal and local authorities, institutions, funds and local programs concerned with small and medium enterprises in the country, and academia. and international partners.

Bin Touq added, "The result represents a clear message to investors, business owners and companies, inside and outside the country, that the UAE has a strong economic climate, and flexible and proactive policies that are capable of providing all the ingredients and incentives necessary to attract and establish businesses and engage in economic activities, especially through the model of small and medium enterprises. Where companies that start from the UAE can take advantage of the promising opportunities and the supporting advantages provided by the business environment to grow and turn into large and successful companies, and from the Emirates reach the regional and global markets.”

first place

For his part, Minister of State for Entrepreneurship and Small and Medium Enterprises, Dr. Ahmed Belhoul Al Falasi, said, “The UAE is ranked first in the world in entrepreneurship, and it is ranked first by all countries in the world in being the most supportive environment for entrepreneurship and the start of commercial activities. It is a new pivotal station, adding To the record full of achievements made by the UAE, thanks to the wise vision and continuous support of its wise leadership, especially in the development and development of the entrepreneurship sector as one of the engines of the future knowledge economy, and the locomotive of the national economy towards diversity, competitiveness and sustainable growth.

He added: "The result confirms the efficiency of the experience that the UAE has made over the past years to develop an integrated and world-class entrepreneurship system, accelerate the growth of small and medium-sized companies, launch initiatives and programs that make the activities of small and medium-sized companies a major contributor to increasing the country's non-oil GDP, and enhance The shift towards technology, innovation and the knowledge economy at a faster pace, in line with the principles of the 50 and the UAE Vision 2071,” stressing that this result will benefit all sectors and economic activities, entrepreneurs and investors in all emirates of the country, and will enhance confidence in the UAE markets as the preferred economic destination for doing business and establishing Pioneering projects.

leading businesses

Al Falasi reviewed the most prominent successive exceptional achievements made by the entrepreneurship model in the country during the past two years and this year, as the country ranked first regionally in financing emerging projects and entrepreneurship, and for the first time in its history, attracted more than one billion dollars (3.67 billion dirhams) of venture capital. To finance small and medium-sized companies and promising emerging projects, the 50 projects were launched to develop incentives for national entrepreneurship, and the largest series of partnerships between the government and private sector was implemented to launch the Entrepreneurship Hub to represent a gateway to develop entrepreneurial practices and projects to new levels, and support the establishment and attraction of more than 20 companies billion in state markets, over the next 10 years.

Al Falasi continued: “The UAE has succeeded today in establishing its position as the first home for entrepreneurship in the world, and the preferred destination for talent and people with entrepreneurial ideas that are commercially viable, as it provides the entrepreneur and the owners of new projects with all the possibilities to be among the best and most successful globally, and we will continue our efforts in cooperation between The government and the private sector to ensure continued growth and momentum in entrepreneurial activities in the country during the next stage.”

11 axes

According to the report, the UAE improved on 11 out of the 13 axes included in the index structure, and came as the only country in the world participating in the report, including: financing entrepreneurship, supporting government policies and programmes, and integrating the culture of entrepreneurship in education. , commercial infrastructure, level of professional competencies, ease of access to markets, physical infrastructure, level of research and development and knowledge transfer, entrepreneurial culture in society, and others.

The report focused on the distinguished positive results achieved by the country in a number of criteria that are taken into account within the methodology and questionnaires that are implemented to reach the result for each country. The country also achieved high rates in other criteria, such as:

• The UAE is the best destination in the world for establishing and starting businesses, and the most supportive environment for entrepreneurship.


• The country's leadership in the world will benefit entrepreneurs and investors, both citizens and foreigners.

The world's first reference

The index is issued by the Global Entrepreneurship Monitor (GEM), which is the world's leading reference in entrepreneurship for countries and international organizations, such as the World Bank, the International Monetary Fund, the Organization for Economic Cooperation and Development (OECD), the World Intellectual Property Organization (WIPO), and United Nations organizations.

The observatory’s annual report is the largest study on entrepreneurship and its activities in the world, as it includes a summary of the research conducted by the observatory on global economies to measure the extent of their “entrepreneurship.” The report’s methodology focuses on achieving three goals: measuring the differences in entrepreneurial activity across the world’s economies, and understanding The entrepreneurial ecosystem, revealing the factors affecting it, and proposing policies to enhance and develop the level of entrepreneurial activity.

Agenda indicators

The Global Entrepreneurship Index is one of the indicators of the national agenda for the UAE Vision 2021, under the axis of “a knowledge-based competitive economy based on innovation”, and it is supervised by the Ministry of Economy, and a national team contributes to it with the participation of many entities concerned with entrepreneurship in the country.

Superior Mattresses

The UAE has achieved superior ranks globally in many of the entrepreneurship criteria that the index focuses on, such as:

■ Having good opportunities to start a business.

■ Availability of skill and knowledge to start a business.

■ Confidence in the ability to face the challenges caused by "Covid-19".

■ Planning to use more digital technology to grow the business.

■ The ability of entrepreneurship projects in the country to generate new job opportunities.

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