UAE tops start-up net­work

7 Days in Dubai - - BUSINESS -

MAGNiTT’s net­work of busi­ness start-ups has reached 2,000 across the Mid­dle East. With start-ups span­ning Le­banon, Iran, Egypt, Morocco, the UAE and Saudi Ara­bia, the ge­o­graphic spread on the plat­form shows the 42 per cent of the reg­is­tered start-ups come from the UAE and only 5 per cent come from Saudi Ara­bia. Ac­cord­ing to MAGNiTT, Saudi Ara­bia is the largest econ­omy in the re­gion, but has the small­est pro­por­tion of star­tups reg­is­tered on the plat­form, with ABCD (Am­man, Beirut, Cairo and Dubai) mak­ing up 71 per cent of the star­tups.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.