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Share of start-up HQs in MENA by country 2019

As of 2019, the United Arab Emirates were the leading hub for new businesses in the Middle East and North Africa, as 35.3 percent of startups in the region had their base there. In the region only Israel has a similar established hub for startups.  

 Funding

    The number of Startups funded in the Middle East and North Africa steadily rose in the last couple of years. A total of 564 startups were funded in 2019 in the region. Around a fourth of all startup funding was secured in Egypt, followed by the United Arab Emirates and Saudi Arabia .  

Business environment

     The business environment in the Middle East and North African region is far from uniform. The conditions for startups to form and operate vary from country to country. One could argue that the Gulf Cooperation Council countries are the business friendliest in the region, as their infrastructure allows new businesses to set up and run within the shortest amount of time.  

Share of start-up headquarters in the Middle East and North Africa from 2019, by country

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Sources

Release date

February 2020

Region

MENA

Survey time period

2019

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Statistics on "Startups and venture capital in MENA"

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