UAE retains rank as top global entrepreneurship powerhouse

This achievement underscores the nation's relentless drive to foster a dynamic entrepreneurial ecosystem

- Issac John

The UAE has once again clinched the top spot in the Global Entrepreneurship Monitor (GEM) Report 2024-25, solidifying its reputation as the world's premier hub for business innovation.

Outshining economic giants like the US, the UK, and South Korea, the UAE has held the number-one position in the National Entrepreneurship Context Index (NECI) for four straight years. This achievement underscores the nation's relentless drive to foster a dynamic entrepreneurial ecosystem for small and medium-sized enterprises (SMEs) among 56 assessed economies.

The GEM report lauds the UAE for its 'strong entrepreneurial landscape,' awarding it first place in 11 of 13 key indicators. These include entrepreneurial finance, ease of funding access, robust commercial infrastructure, and a regulatory environment designed to empower business creators. Government initiatives, such as entrepreneurship education for the youth, have also earned high praise, reflecting a holistic strategy to nurture talent from the ground up.