UAE’s start-ups ecosystem set to create more unicorns – ZAWYA

UAE’s start-ups ecosystem set to create more unicorns – ZAWYA

UAE's start-ups ecosystem set to create more unicorns | ZAWYA MENA Edition HomeBusinessArticleUAE's start-ups ecosystem set to create more unicorns The UAE remained the most active start-up ecosystem in the region with 26% of all deals    Analyzing data. Close-up of businessman working in creative office,Business, do this deal on a stock exchange. People working in the office.,Stock market. Image used for illustrative purpose.The UAE has emerged as strong hub for entrepreneurs in the technology sector by developing a state-of-the-art start-up ecosystem to nurture talent in key industries such as real estate, e-commerce, financial, logistics and transport.The country has laid down a solid infrastructure for young entrepreneurs to turn their ideas into realty and start their corporate journey. In a short span, the UAE's start-ups caught the attention of international brands such as Amazon and Uber who acquired homegrown Souq.com and Careem to create the first group of unicorns in the country.More recently, property portal Bayut's parent company Emerging Markets Property Group (EMPG) and classified website Dubizzle's owner OLX Group have decided to merge their operations, creating another unicorn in the country.The country has laid down a solid infrastructure for young entrepreneurs to turn their ideas into realty and start