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The UAE is a country that embodies the diversity and innovative openness that are critical to growth. Since the establishment of the UAE, there has been an emphasis on pursuing economic diversification and reducing dependence on hydrocarbons as the main economic pillar. The UAE acted quickly on these intentions and embarked on a journey to become a major industrial development centre.
One of the key drivers of innovation is increasing diversity, which is considered a national priority. A study from the Boston Consulting Group found that diversity increases revenue from innovation by 19%. It shows that diversity is not only a metric to strive for but also a metric to strive for. It is an important part of a successful revenue-generating business.
Overall, the UAE and Dubai have opened up new avenues for new startups and entrepreneurs around the world to take advantage of supportive financial and legal regulations. With recent developments including 100% foreign ownership of businesses and the expansion of the 10-year golden visa program to include more professionals, these future initiatives by the government provide foreign businesses with more room to grow than ever before .
Additionally, in line with the UAE’s vision to become a digital nation, digitalization, fintech advancements, adoption of artificial intelligence (AI) and e-commerce efforts are top priorities for the government. It can be said that proactive and entrepreneur-friendly policies have played a crucial role in the construction of digital culture in the UAE. Gradually, as technology began to take hold and enter every known industry, the UAE’s performance was exemplary.
Tech diversity, digital transformation and entrepreneurship have played a major role in this remarkable growth. Given that the UAE is the first country in the world to establish a minister of artificial intelligence, it shows the country’s progress in the field of technology and its clear intention to scale new heights and attract innovators in the field of the fourth industrial revolution. come from all around the world.
Seed Group, a company in the private office of His Highness Sheikh Said bin Ahmed Al Maktoum, is a positive catalyst in this regard. Since 2004, we have helped technology companies of all sizes and status come to Dubai as their new business location, and have seen Dubai’s economic landscape develop into what it is today. Today, despite the COVID-19 pandemic, we see the investment scene offering rich opportunities for both large companies and new startups. Our region’s entrepreneurial ecosystem is supported by a young and growing consumer market with high potential and high technology adoption rates.
Technology is just for a successful economy, so there is a rising trend to invest in technological advancements such as healthcare and finance. At SEED Group we are truly passionate about business in the region. The companies we own, work with and invest in are diverse. When making strategic or financial investments, we also ensure long-term partnerships with these organizations.
The UAE has a stable economic and political environment, which is beneficial to foreign investors, and our role is to highlight this and drive this idea forward. We are constantly looking for innovative companies to help them expand their business by setting up a regional duty-free center in the vibrant city of Dubai.
Related: 12 Years in 12 Months: What Being an Entrepreneur Taught Me in 2020
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