GCC Small Business ‘Boom’ to Drive Post-COVID Economy as Commercial Registrations Soar
GCC Small Business ‘Boom’ to Drive Post-COVID Economy as Commercial Registrations Soar
Commercial registrations increase 109 percent in Bahrain amid new wave of entrepreneurs
99 percent of businesses in Saudi Arabia are SMEs making 64% of employment
The sector contributes 52 percent of non-oil GDP in the UAE and is set to rise to 60 percent
Experts are predicting a GCC “SME boom” as a new wave of regional entrepreneurs emerge out of the COVID-19 pandemic.
Commercial registrations have seen triple-digit increases in recent months with tender boards across the region awarding tens of millions of dollars in contracts to these enterprises.
Now analysts are hailing the post-Coronavirus economy as an “era of startup growth” as governments focus on rebuilding their economies following