UAE investment increasing on the Startups

On the three top list also UAE, Egypt and Saudi Arabia for Mena startups

Few decades UAE being encouraging countries globally to unlock the potential that the nation has to offer them in fulfilling their business aspirations.

The fact that this project introduced by the wise leadership of the country to boost confidence among startups also proves that the ecosystem has matured, and is now expanding its reach area that connect, Egypt and Saudi Arabia complementing the growth.

Recently Mena Startups showed in a report that investment in Mena based-Startups was up 31 per cent in 2019, with 564 investments and $704 million in total funding.

This report and recorded raised investment, including the Mena region’s first unicorn exit, the region’s founders, investors, and governments are seeing the returns on their efforts in the tech, by founder and chief executive.

Last year Report shows, for the first time Egypt, accounted for the largest number of deals in Mena with a jump of 25 per cent, however as we know UAE took the biggest share called lion share, of total funding and a surge of 60 per cent.

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