Abu Dhabi emerges as global startup magnet

Abu Dhabi’s entrepreneurial landscape is undergoing a generational shift as thousands of young innovators pour into the city’s business ecosystem, marking one of the fastest expansions in youth enterprise in the region.

- Issac John

The Abu Dhabi Chamber of Commerce and Industry reported that youth-led businesses registered with the chamber soared by an extraordinary 97.8 per cent between 2023 and 2024, a surge that reflects both the confidence of a new generation and the emirate’s increasingly magnetic appeal as a hub for startups and technology-driven ventures.

According to the chamber’s latest data, more than 21,240 members aged between 18 and 35 are now affiliated with the organisation, with combined registered capital exceeding Dh14.9 billion. Significantly, the membership is almost evenly split between Emiratis, who make up 49 per cent, and expatriates, who account for 51 per cent - evidence of the cosmopolitan character of Abu Dhabi’s economy and its ability to attract diverse talent. Trade activities dominate youth-led enterprises, representing 40 per cent of operations, followed by construction, administrative services, hospitality and food businesses, illustrating a healthy mix of traditional and new economy ventures.

Mansoor Al Sayegh, president of the Abu Dhabi Youth Business Council, described the expansion as proof that the emirate is becoming an accelerator of ideas and innovation. “The Abu Dhabi Youth Business Council serves as a vital platform enabling young entrepreneurs to transform their ideas into impactful ventures that drive economic growth. We believe youth should not wait for opportunities but shape them with fresh thinking and bold ambition, and our programmes and specialised initiatives are designed to achieve this,” he said.