Dubai and the UAE have become a well-known startup hotspot. Due to the pro-business environment, entrepreneurs from worldwide can benefit from business accelerators, finance services, and sponsorship programs. The SME sector in Dubai and the UAE is seeing remarkable expansion and growth, and several small enterprises that were formed here have quickly grown into incredibly profitable corporations. A few of these businesses have also been acquired in deals worth several billion Dirhams.
The three (3) major tech unicorns based in Dubai are now operating globally and include:
- E-commerce (Souq.com)
- Online Ride booking (Careem)
- Classified (EMPG)