New generation of female entrepreneurs set to drive economic activity in UAE

New generation of female entrepreneurs set to drive economic activity in UAE

- Rising women empowerment in the UAE

- 47.5% of SMEs are owned by women

- 20% contribution to the UAE GDP

- Women make up 20% of the workforce

- 68% upsurge in women-owned businesses

Dubai – Women entrepreneurship in the UAE will gain further momentum and contribute a significant boost to gross domestic product (GDP) as more female investors have shown interest in setting up their business in the country, according to a business consultancy.

Business Link, a leading business consultancy with operations in the UAE and KSA, said 47.5% of small and medium enterprises (SMEs) in the emirate are owned by women and they make up 20% of the workforce. Women contribute about 20% to the country’s GDP annually and this share may increase to 25% in coming years, it said.

Referring to latest data from LinkedIn, the business consultancy said that female entrepreneurship in the UAE surged by 68% as the pandemic advanced.

Hatem El Safty, CEO of Business Link, stated: “Since post-pandemic, we have observed more women, both local and foreigners coming forward to establish their own business setup in Dubai, specifically. The UAE’s economy is a perfect landscape for women to launch their businesses due to the increasing government support and incentives,