GCC entrepreneurs laud growth of region’s startups

  • Date: 26-May-2023
  • Source: Zawya
  • Sector:Technology
  • Country:Qatar
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GCC entrepreneurs laud growth of region’s startups

Gulf entrepreneurs praised the radical transformations taking place in the region's markets, and the great development achieved by start-ups and medium-sized companies in a short period of time, in terms of entrepreneurship, keeping pace with the technological revolution, and keeping pace with the concept of digitisation.

They were speaking at a panel discussion titled "GCC Entrepreneurs: Middle Eastern Unicorns," on the third and final day of Qatar Economic Forum. They called for the expansion of initiatives to develop entrepreneurial skills, including business incubators and accelerators, and financing facilities, with the aim of enabling owners of small and medium enterprises to expand locally and in the Gulf, and enter new markets.

They stressed the importance of striving to enhance the business environment, and to provide the young generations with their entrepreneurial skills, by providing an integrated set of programmes and opportunities that allow them to enter the field, and qualify them to start establishing their projects, and then contribute to the development of the sector, support the competitiveness and diversification of the national and Gulf economies.

Founding partner of Raed Ventures Omar Almajdouie said that GCC startups were witnessing unprecedented growth since 2014. He said that investments in talent and professional skills enhanced the