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The start-up capital in the MENA region

As the number one emerging destination for start-ups and leading the region in terms of innovation, Dubai is perfectly positioned at the crossroads of existing and emerging trade routes.

Careem bike
Dubai-headquartered Careem, founded in 2012, was bought by Uber for US$3.1 billion in 2019. The company represents part of a growing trend of homegrown success stories, which includes Amazon’s purchase of Souq.com for US$580 million, and the growth of companies such as The Entertainer and Mumzworld. Other success stories include Emerging Markets Property Group (EMPG), Property Finder, and media streaming company StarzPlay.
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1,000

km/h movement of freight

The government’s partnership with Virgin Hyperloop will see freight moving at over 1,000 kilometres per hour while being powered by renewable energy.

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25%

of all journeys to use autonomous vehicles

In addition to the successes enjoyed by a wide range of start-ups, Dubai is also one of the world’s most advanced countries in the field of autonomous vehicles. The government aims to make 25% of all journeys use autonomous vehicles by 2030.

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60%

Start-up funding

The city has the lion’s share of start-up funding. Dubai accounted for over 60% of funding across the MENA region’s record-breaking 564 deals worth over US$700 million in investment in 2019.

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