Gulf SME boom forecast as new wave of entrepreneurs emerge post-coronavirus

Gulf SME boom forecast as new wave of entrepreneurs emerge post-coronavirus

Experts are predicting a GCC ‘SME boom' as a new wave of regional entrepreneurs emerge out of the coronavirus 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 enterprises.

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Analysts are now hailing the post-coronavirus economy as an “era of start-up growth” as governments focus on rebuilding their economies following months of reduced activity during the pandemic.

Pakiza Abdulrahman, manager of business development - start-up at Bahrain's Economic Development Board, said: “Across the region, governments are putting start-ups and SMEs front and centre as they seek to regrow and diversify their economies, and this new era of start-up growth is only set to increase post-Covid.

“Unprecedented, targeted support packages are indicative of governments prioritising small business as being