Posted inExplainersStart Up and Entrepreneurship

In video: UAE sets sights on 20 unicorns by 2031 in startup push

Initiatives like the Entrepreneurial Nation program and the D33 agenda are creating the perfect environment for startups to thrive.

The UAE is doubling down on its ambition to become a global startup hub, targeting the creation of 20 unicorns, startups valued at over $1 billion, by 2031. Government-led initiatives, such as the Entrepreneurial Nation program and Dubai’s D33 agenda, are at the heart of this effort.

With a strong track record from firms like Careem and Souq.com, and rising stars like Kitopi and G42, the UAE’s supportive ecosystem is also drawing global entrepreneurs. Sectors like AI, fintech, and biotech are thriving, reinforcing the Emirates’ position as a serious contender in the global tech race.