The United Arab Emirates has become a hotbed for start-ups in recentyears. With a burgeoning young population and a strong economy, the UAE is anattractive destination for entrepreneurs looking to get their businesses offthe ground. In this article, we explore some of the most popular start-upindustries in the UAE and what makes them so successful.
The latest scoop
For starters, the UAE is now home to over 4,000 start-ups. So, what's driving this growth? A combination of factors, including a favourable business environment, access to funding, world class infrastructure, supreme logistical infrastructure and its ideal position in terms of geography.
The most popular sectors for start-ups in the UAE are currently fintech, e-commerce, and healthcare. Government initiatives such as Codesign, In5, and Startupbootcamp have all contributed to making the UAE an attractive destination for entrepreneurs looking to set up their businesses.
Hottest start-ups in the UAE
There's no doubt that the start-up scene in the UAE is on the rise, with new businesses popping up left and right. From innovative tech companies to fashion brands, we will take a look at two of the hottest start-ups in the UAE and what makes them so successful.
One among the hottest start-ups in the UAE right now is Kitopi, a tech-powered food company that serves over 200 brands around the world. Established in 2018,Kitopi has experienced rapid growth over the past few years due to its focus on leveraging technology to provide high-quality, customized food solutions. From accelerator programs to remote monitoring software and automated ingredient tracking systems, Kitopi is constantly looking for new ways to improve its products and services.
Thanks to its cutting-edge technology and strong customer base, Kitopi has quickly gained recognition as one of the hottest start-ups in the UAE with a total funding of $804 million as recognized by Forbes.
One other notable start-up is Quiqup. Their success can largely be attributed to Quiqup's cutting-edge technology platform and its focus on customer satisfaction. Quiqup's intuitive app is easy to use, provides real-time tracking data, and allows users to select from multiple delivery options based on their individual needs and preferences. In fact, Quiqup has enhanced its customer satisfaction ratings, receiving consistently high marks from clients for both product quality and overall service experience.
Quiqup has also been recognized by Forbes and other leading publications as one of the most promising start-up firms in the region. With its cutting-edge technology and outstanding customer service, Quiqup is poised to continue making waves in the UAE's vibrant business scene well into 2023 and beyond.
Taxes aplenty, the UAE still outweighing it all
The United Arab Emirates is no stranger to taxes. Despite the recent introduction of Corporate Tax in the UAE, we anticipate the region to remain attractive to start-ups due to its liberal economic policies and pro-business environment. The country has been ranked as the most business-friendly country in the Middle East by the World Bank. And it’s not surprising that many start-ups are choosing to set up shop in Dubai, which is considered the regional hub for business and finance.