Here’s why the Middle East region is a lucrative market for startups

Here’s why the Middle East region is a lucrative market for startups

The Middle East is emerging rapidly as a leading tech hub for entrepreneurs with a vision to disrupt sectors and make impactful change. There is a growing need to attract global talent due to a shift into the digital transformation era. Not only do startups cultivate new talent, but they also create jobs and contribute to advancing a sustainable knowledge-based economy. The United Global Emirates campaign was recently initiated to make the UAE a prime destination for highly skilled entrepreneurs by investing $14m in technologies. Within two years, Hub71’s strategy evolved to ensure business sustainability, viability and growth. Hub71 selected startups from 25 countries across 23 sectors, that are building and scaling technologies such as artificial intelligence (AI), machine learning and blockchain that are contributing to the UAE’s long-term economic competitiveness. Hub71’s strategy was focused on nurturing the local tech ecosystem by enabling upskilling programmes and offering value creation programme to attract global tech companies through business development and market access opportunities. We are proud to be a core part of driving impact for startups and promoting the opportunities that Abu Dhabi offers as a top 10 startup ecosystem in the Middle East, and part of a nation that leads