Sheikh Mohammed launches “The Emirates: The Startup Capital of the World” marketing campaign to coach 10,000 Emirati entrepreneurs and strengthen the UAE’s world startup hub position
The UAE will create 30,000 new jobs, prepare 10,000 Emirati entrepreneurs, create hundreds of alternatives, and develop assist for small and medium-sized enterprises because it goals to grow to be the startup capital of the world.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has launched “The Emirates: The Startup Capital of the World” marketing campaign, a strategic initiative to consolidate the UAE’s place as a number one world hub for entrepreneurship and innovation.
Supervised by the Ministry of Financial system and Tourism in collaboration with the UAE Authorities Media Workplace and the UAE Entrepreneurship Council, the marketing campaign unites greater than 50 incubators and accelerators with private and non-private sector companions, nationwide establishments and educational entities to create an inclusive entrepreneurial ecosystem.
UAE to grow to be startup capital of the world
Saying the marketing campaign, Sheikh Mohammed stated: “At the moment, the Cupboard launched the brand new nationwide marketing campaign ‘The Emirates: The Startup Capital of the World.’
“The marketing campaign brings collectively greater than 50 entities from each the private and non-private sectors, with the purpose of coaching and nurturing 10,000 Emirati entrepreneurs, creating hundreds of financial alternatives, and elevating neighborhood consciousness on the significance of leveraging the financial momentum the nation is witnessing.
“The UAE is at present residence to 50 enterprise incubators unfold throughout the nation. Small and medium-sized enterprises type the spine of the nationwide financial system, contributing greater than 63 per cent of the non-oil GDP.
“The UAE additionally leads amongst 56 world economies in supporting SMEs and in offering the very best setting for his or her development and success.”
Key initiatives beneath the marketing campaign embrace:
- StartupEmirates.ae platform: Launched with the New Financial system Academy, it provides free mentorship, networking, co-working areas and cross-border partnerships. The platform goals to draw 10,000 entrepreneurs and create 30,000 new jobs by 2030
- Entrepreneurship programme: Coaching 10,000 Emirati women and men with newbie and superior tracks protecting enterprise creation, sustainable development and world enlargement
- Specialised content material creator programme: Coaching 50 Emirati content material creators in economics and entrepreneurship to lift consciousness
- Mission administration consultants programme: Qualifying 500 Emiratis to supervise residential development initiatives from planning to execution
- UAE tax agent programme: Licensing 500 licensed Emirati tax brokers via VAT and Company Tax diploma programs, in partnership with the Federal Tax Authority
- Actual property firms initiative: Incubating 250 full-time Emirati-owned actual property businesses
- Younger entrepreneurs and graduate enterprise expo: A nationwide initiative throughout faculties and universities to showcase youth enterprise initiatives to buyers and companions
- Entrepreneur participation in federal procurement: Enabling startups to compete in federal tenders, with simplified procedures and coaching programmes to spice up competitiveness
By supporting Emirati entrepreneurs and fostering an enabling ecosystem, the marketing campaign aligns with nationwide efforts to diversify the financial system, encourage youth to ascertain companies, and improve the UAE’s place as a world gateway for startups.
Sheikh Mohammed underscored the overarching goal: to encourage extra younger individuals to contribute to financial improvement and seize the huge alternatives of the UAE’s dynamic financial system.
Key targets
- 10,000 Emirati entrepreneurs to be skilled beneath the marketing campaign
- 30,000 new jobs to be created by 2030 through StartupEmirates.ae platform
- 250 full-time Emirati-owned actual property firms to be launched
- 500 Emiratis licensed as residential mission administration consultants
- 500 Emiratis licensed as tax brokers (VAT + Company Tax diplomas)
- 50 Emirati content material creators skilled in economics and entrepreneurship
- 63%: present SME contribution to UAE non-oil GDP
