UAE Developing New Entrepreneurship Strategy

The article focused on developing a national entrepreneurial strategy in the UAE aimed at enhancing the competitiveness of the sector and fostering small and medium-sized enterprises, which account for 95% of companies and provide 85% of private sector jobs. The UAE launched the "World Capital of Entrepreneurs" campaign, which achieved government procurement worth 202 million dirhams and contributed to training and qualifying more than 400 citizens. Additionally, it saw the registration of 405 establishments and supported 100 student projects. The UAE continues to record advanced global indicators, maintaining its first-place position in entrepreneurship for the fifth consecutive year, with licenses for small and medium-sized projects growing by over 140% in five years and 900% over twenty years. The strategy aims to improve the business environment, support innovation and internationalization, in collaboration with the Organisation for Economic Co-operation and Development.

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