UAE enacts laws supportive of entrepreneurship

It should be obvious by now to all governments in the MENA region that promoting entrepreneurship does not only lead to new services and products, but also fuels competition and creates jobs, which in turn produce positive economic growth. According to the World Bank, SMEs contribute to around45% of employment in emerging economies and 33% of GDP.

Having realized the importance of startups enabling the economy and contributing to its prosperity, the UAE isn’t an exception to the trend. One indication of the UAE’s interest in promoting economic development comes from the World Bank – in their Doing Business 2014 report the country’s ‘ease-of-doing-business’ got them ranked at 23rd our of 189 economies. In order to gain familiarity with existing initiatives, events, and laws in the UAE designed to strengthen the ecosystem, we met with entrepreneur Mohamed Johmaniwho has been living in the country for years. He also has a significant amount of experience in entrepreneurship, having created more than one successful startup, including Cary and Mobibus.

View article:

UAE enacts laws supportive of entrepreneurship