The Gulf region continues to solidify its position as a hub for entrepreneurial growth in 2024. Entrepreneurs in countries like the UAE, Saudi Arabia, and Qatar are taking advantage of favorable business environments, government initiatives, and cutting-edge technologies. The UAE, for example, was recently ranked first globally in the Global Entrepreneurship Monitor (GEM) report for the third consecutive year, highlighting its robust infrastructure, funding opportunities, and supportive policies for startups and small businesses
Spotlight on Leading Entrepreneurs in the Gulf
One of the key figures leading this entrepreneurial wave is Ziyad Organji, the founder of Brandship in Saudi Arabia. Ziyad’s venture has disrupted traditional branding strategies by leveraging data analytics and consumer insights to elevate local businesses. His creative approach has earned Brandship a reputation for innovation across the Kingdom
Another standout entrepreneur is Abdulaziz Fahad Al Jouf, a visionary in the fintech space. His efforts are transforming financial services in Saudi Arabia through digital payment solutions and blockchain innovations, making financial services more accessible to both businesses and consumers
The UAE’s business-friendly policies are also attracting global attention. With a low corporate tax rate, a streamlined process for business setup, and initiatives like the “Entrepreneurship Hub,” the country continues to offer a prime environment for startups to thrive. The ability for foreign investors to own 100% of their businesses has also boosted confidence in the region
Women Entrepreneurs on the Rise
One of the most inspiring stories from the region is Sofia Al Asfoor, who is revolutionizing the fashion industry with her luxury handbag collections. Her handcrafted pieces combine elegance and strength, showcasing the creativity and craftsmanship that the Gulf region is becoming known for. Sofia’s journey exemplifies how women entrepreneurs are increasingly making their mark in industries traditionally dominated by men
The Future of Entrepreneurship in the Gulf
As Gulf countries push forward with visions like the UAE’s 2031 plan to create a global hub for innovation and technology, entrepreneurs will continue to benefit from favorable conditions. Emerging sectors like AI, digital transformation, and renewable energy are poised to offer significant opportunities for future growth
