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Technology reshaping UAE entrepreneurship
Khaleej Times
|May 05, 2025
Technology is playing a pivotal role in reshaping the entrepreneurship scene in the UAE, and is expected to remain a key driver of the future economy.
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According to Research and Markets report, the UAE digital transformation market size is estimated at $0.99 billion in 2024, and is expected to reach $2.23 billion by 2029, growing at a CAGR of 15.09 per cent during the forecast period (2024-2029).
The UAE Fintech Report 2024 said fintech continued to dominate venture capital (VC) funding in the UAE, accounting for 32 per cent of total funding volume in H1. This underscores the sector’s prominence in the domestic tech landscape and reflects the impact of government initiatives aimed at fostering innovation and investment. This vital sector contributes 8.7 per cent of the country’s GDP.
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