UAE investment tech sector ‘to grow 2.5 times by 2025-end’

  • Date: 21-Nov-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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UAE investment tech sector ‘to grow 2.5 times by 2025-end’

The investment technology market in the UAE will increase by 145% by the end of 2025, reaching $313.5 million, said analysts of UnaFinancial, a global fintech group of companies. The determining factor for the sector’s growth is government support measures, the growing standard of living and increasing digitalisation in the country.

The UAE is characterised by a rapidly developing digital financial services ecosystem, including investment technologies. As of the end of 2022, there were 294 companies representing this sector in the country. The volume of investment technology market estimated through disclosed investment equalled $127.7 million. This volume exceeded the 2020 value by 7 times.

UnaFinancial Analaysts commented: “The investment technology market gained the greatest popularity after 2020. This could be due to the improved investment climate, which was caused by the country's economic diversification - seven emirates implemented numerous initiatives to create a more favourable environment for foreign investment. Additional drivers were growing capital markets, the growth of population and GDP, as well as the Covid-19 pandemic, which accelerated widespread digitalisation.”

Government measures

The experts expect that the number of companies in the UAE’s investment technology sector will increase from 294 to 386 by the end of 2025. The volume