UAE gains status as global startup hub

DUBAI, UAE (MNTV) — The United Arab Emirates is strengthening its reputation as a premier destination for startups, with new figures and investor sentiment confirming the country’s growing influence in the global entrepreneurial ecosystem.

According to a recent report by Wamda, startups across the MENA region secured a total of $289 million in funding in May—up 25% from April. 

The UAE alone accounted for $86.7 million of that total, spread across 14 deals, reaffirming its position as a regional leader in venture activity.

Coinciding with this momentum, the Dubai Future District Fund (DFDF) announced it had secured more than $1.65 billion in capital commitments in 2023, supporting over 190 portfolio companies. 

The fund plays a strategic role in fueling innovation and startup development across the country.

UAE-based tech entrepreneur and investor Abdumalik Mirakhmedov, co-founder and Director of Scalo Technologies, praised the nation’s startup landscape, crediting the government’s proactive approach to regulation and business development.

“The UAE has created a business environment that inspires confidence,” Mirakhmedov said. “Startups here benefit from a regulatory system that’s clear and supportive, enabling them to build and scale effectively.”

He noted that the country’s appeal extends far beyond funding opportunities. “Dubai and Abu Dhabi offer all the ingredients a startup needs—capital access, innovation ecosystems, skilled talent, and an exceptional quality of life,” he added.

Mirakhmedov emphasized that initiatives like DFDF are part of a broader national vision to foster entrepreneurship, particularly in fast-growing digital sectors such as fintech, artificial intelligence, e-commerce, and mobility. 

The presence of accelerators, co-working hubs, and research centers has made it easier for early-stage companies to thrive.

“The UAE is designed for growth,” he said. “Free zones tailored for tech companies, simple licensing procedures, no income tax, and access to global markets create a uniquely attractive environment. Entrepreneurs are not only supported—they’re respected and welcomed.”

He also pointed to the country’s strategic focus on long-term visas, policy reforms, and government-backed investment as key enablers of startup success.

“As global founders look for stable, innovation-driven hubs to grow their ventures, the UAE stands out for offering both opportunity and security,” Mirakhmedov said. “It’s not just about the tools—it’s about the entire ecosystem built to help startups succeed.”