UAE, the Arab world’s second-largest economy, is one of the top 50 global start-up destinations, according to a list of the 100 best countries for start-ups compiled by Zurich-based research firm StartupBlink, the country ranked 43rd among Arab nations, three places lower than last year.
“As an entrepreneur, location will greatly influence the chances of your start-up succeeding,” said Eli David, CEO of StartupBlink.
StartupBlink, which publishes yearly basis start-up ecosystem rankings, assigns a score to each country based on a variety of factors such as the business environment, the number of start-ups, and the quality of products. It collects data from over 50,000 respondents who work as venture capitalists, founders, and employees.
“Good start-up ecosystems are essential… they create jobs, stimulate the economy, increase tax revenue, improve quality of life and urban innovation, and attract talent,” Startup’s CEO added.
The Arab nations were also praised by the organization for their steady efforts to attract global talent and create the favorable ecosystem required for successful business scaling. “Dubai is now the undisputed tech leader city in the Arab world, becoming a popular relocation destination among Arab entrepreneurs from all over the Middle East,” the report said.
