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Dedicated support systems for SMEs

Thu, September 17, 2020

Dubai’s society is innately entrepreneurial and SMEs account for 94% of Dubai’s business landscape, playing a pivotal role in the emirate’s economy.

Dubai’s society is innately entrepreneurial and SMEs account for 94% of Dubai’s business landscape, playing a pivotal role in the emirate’s economy.

Finance

40%

of GDP

SMEs comprise about 40% of Dubai’s GDP and account for more than 50% of its workforce

Startup Space

50%

are start-ups

Start-ups account for nearly 50% of companies registered in the city, according to Dubai SME, part of the Department of Economic Development

Professional People

86%

of workforce

SME employees make up more than 86% of the total private sector workforce

Headquarters of a Business

100%

Foreign ownership

Companies operating outside of free zones can now own 100% of their business

FDI

US$272 m

Investment

Dubai has injected over ¼ billion US dollars towards public-private partnerships, as well as a range of financial incentives to provide goods and services to government entities

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