What the new startup scheme means for entrepreneurs

It is set to train 10,000 Emiratis, support 250 new real estate firms, and generate 30,000 jobs over the next five years

- Waad Barakat

The UAE is going all in for startups. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has unveiled a national campaign aimed at making the country the 'startup capital of the world'. Following this announcement, the Ministry of Economy revealed how the programme will empower Emiratis, fuel innovation, and create thousands of new jobs across the country.

The campaign is set to train 10,000 Emiratis, support 250 new real estate firms, and generate 30,000 jobs over the next five years, while providing access to mentorship, investment, and nationwide entrepreneurial opportunities. Here's what every aspiring entrepreneur needs to know:

Q: What is the goal of the campaign?

A: According to the Ministry of Economy and Tourism, the campaign aims to position the UAE as the 'startup capital of the world', train 10,000 Emiratis, and create 30,000 jobs over the next five years. It also supports SMEs, encourages innovation, and strengthens the UAE's global entrepreneurship standing.