UAE a leading destination for entrepreneurs

UAE a leading destination for entrepreneurs

The UAE was among the top 20 countries in the world for entrepreneurship in 2020, according to the IMD World Competitiveness Yearbook.

The Yearbook, published by the International Institute for Administrative Development, ranked the UAE second in entrepreneurship, while it came in fourth in the venture capital availability index and fifth for the growth of innovative companies in the World Economic Forum’s Global Competitiveness Report.

The UAE is praised in the reports for its legislative framework, the availability of investment capital and its ability to nurture SMEs, all reasons driving entrepreneurship in the country.

The UAE ranked sixth in the world for business agility, according to the IMD World Digital Competitiveness Ranking.