How UAE has ticked all the parameters for starting ups
UAE, being one of the hub for innovation and technology today and Dubai is one of the center of gravity. Data shows the digital Economy contributes about 4.3 percent to the UAE's gross domestic products (GDP) or around Dh100 Billion. Dubai is the hub for the bulk of the 1,400 startups, 90 investment funds in the digital sector and 12 business incubators, whose cumulative valuation is estimated to be around Dh90 billion.
With the growth in the startups they may rise to different set of startups in the country which leads to the growth in different sector and hence the economy as a whole.
Dubai has introduced the reforms and initiative last november related to the personal and family laws in the country and a retirement visa schemes. Hence making it a expat-friendly countries.
With the rise in digital transformation in the country many e-commerce startups and companies has come up with a wave in the online shopping scenarios. With the merger and acquisition of Amazon with the souq it has started the wave of e-commerce market in UAE as many e-commerce and online marketplace has emerged.
Some of the prominent e commerce and online marketplace websites that has emerged in the UAE are :-
Noon : -
UAE's homebred e-commerce marketplace specialized in electronics and mobile accessories and many other branded products with great offers and deals.
Dragonmart :-
An e-commerce marketplace specialized in online selling of computer and electronics, home and Furniture, Home and improvement tools and mobile accessories as well on an affordable prices, if you are looking for best gifts during this christmas its the best affordable option for gifts.
Sivvi :-
Another UAE's homebred e-commerce marketplace in Online selling of Latest fashion for men's, women's and kids and other related brands and accessories.
Namshi :-
UAE Homebred e-commerce marketplace in Online selling of fashion and accessories for Me, women and Kids. Namshi is known for its fashion trend.
For more Refer :-
https://www.zawya.com/mena/en/economy/story/The_UAE_ticks_all_the_right_boxes_for_startups-SNG_266503843?utm_campaign=magnet&utm_source=article_page&utm_medium=recommended_articles
https://www.khaleejtimes.com/year-of-the-50th/the-uae-ticks-all-the-right-boxes-for-start-ups
