The United Arab Emirates has secured the top spot globally as the best place for entrepreneurship and small and medium-sized enterprises (SMEs) for the fourth year in a row.
According to the Global Entrepreneurship Monitor (GEM) Report 2024/2025, the ranking was based on 11 out of 13 key indicators, including access to funding, government policies, ease of market entry, and entrepreneurial education.
The report highlighted that the UAE’s strong entrepreneurial environment is supported by government initiatives, financing options, and regulatory policies that make it easier for startups to grow. Among high-income countries, the UAE led in areas such as government entrepreneurship programs, tax policies, and business infrastructure, ensuring a supportive ecosystem for new and existing businesses.
One of the major contributing factors to this success is the UAE’s investment of $8.7 billion in innovation and SME growth as part of the Projects of the 50 initiative. Additionally, the country’s policies allowing 100 percent foreign ownership of companies and attracting record levels of foreign direct investment have strengthened its global standing as a business hub.
The report also noted that 67 percent of adults in the UAE either know an entrepreneur or believe they have the skills to start a business. Meanwhile, 70 percent of Emiratis see strong opportunities for launching a business, and 80 percent of entrepreneurs are integrating digital technology into their operations. Around 78 percent of new business owners prioritize social and environmental impact over profit, showing a shift toward sustainable entrepreneurship.
With the UAE also ranking first in the GEM’s National Entrepreneurship Context Index (NECI), the country continues to push toward its goal of reaching one million SMEs by 2031. Its commitment to business-friendly policies and a competitive investment climate cements its position as a top choice for aspiring entrepreneurs worldwide
Camille Quirino is a Junior Writer at The Filipino Times, passionate about sharing the stories of overseas Filipino workers (OFWs). She previously contributed to Magic 89.9 and various TV productions and finds fulfillment in crafting compelling narratives that shed light on the experiences of OFWs. Outside of work, Camille enjoys playing the ukulele and meeting new people to hear their stories. She believes everyone has a unique narrative worth sharing and is dedicated to capturing these stories in her writing. Reach Camille at camille@newperspectivemedia.com.
