VALLEY OF DEATH
FIGURE 11: NUMBER OF OPERATING VS. CLOSE D FUNDED STARTUPS IN MENA BY GEOGRAPHY
Although UAE has the highest number of inactive startups (22), it is also the country with the most number of operational startups (148). An interesting insight is that Lebanon stands as an exception with zero closed startups. This may be attributed to the surge in capital brought on by Circular 331, which allows startups better access to financing and giving them a longer lifeline. Egypt has one of the highest rates of closure for startups, and this could potentially be attributed to the decrease in capital in Egypt–demonstrated in the first part of this report.