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UAE maintains appeal to SMEs

MEDIA / Articles / 2019 / UAE maintains appeal to SMEs
A report by Diligencia, Gulf Capital and MEED highlights the longstanding appeal of the UAE as a destination for small and medium-sized enterprises (SMEs) and startups, reflected in the 30 per cent growth in SMEs in the country over the last 10 years. The UAE remains a jumping base for companies looking to setup or expand in the Middle East and North Africa region, and ongoing government-led initiatives and reforms are driving further growth in the private sector. The sectors seeing strong SME growth in particular are technology, health care and education. 

With the UAE leadership’s continued focus on economy diversification, the importance of SMEs to the local economy stands to increase further amid the government’s push to facilitate and develop the conducive environment and infrastructure for higher growth. 

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