The UAE ranked first in the Arab world and 27 globally in the Startup Blink Centers Index for the year 2022, achieving 9,412 points on the general index of classification.
The report ranks countries according to a set of criteria, including the number of startups, co-working spaces and accelerators, how attractive the country is to start-ups and unicorns, as well as some general indicators related to infrastructure, business environment, volume of business activity, and supporting policies.
According to the report, the UAE is still in the list of the top 30 countries in the world and maintains its position in second place in the Middle East.
At the national level, the city of Dubai enjoyed positive momentum, as it rose 6 positions to 61st globally among the cities classification.
The report showed that the UAE can benefit greatly from enhancing the performance of its business environment, with Dubai continuing to excel in transforming itself into a global hub for start-ups.
The UAE has become a strong regional hub for entrepreneurship, while Dubai boasts a high concentration of technological innovation, is the innovation hub in the Arab world and a popular destination for aspiring Arab entrepreneurs across the MENA region. In addition, Abu Dhabi has also become a successful center for the startup ecosystem, is home to many accelerators and incubators, and is a large local market for startups.
Source (Emirati Gulf Newspaper, Edited)
