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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.
40%
of GDP
SMEs comprise about 40% of Dubai’s GDP and account for more than 50% of its workforce
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
86%
of workforce
SME employees make up more than 86% of the total private sector workforce
100%
Foreign ownership
Companies operating outside of free zones can now own 100% of their business
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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