UAE startups ‘could add $1.5trn to global GDP’

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UAE digital startups could increase global GDP by $1.5tn and create 10 million youth jobs, according to industry experts.

Demonstrating the UAE’s potential, the country ranks as the top in the Mena region, and top 20 in the world in supporting entrepreneurs, according to the Global Entrepreneurship Index 2016, experts highlighted at the recent SAP Startup Focus Event, held in the build-up to the upcoming Gitex Technology Week 2016 in Dubai, UAE.

By 2020, digital startups in general will help increase global GDP by $1.5 trillion, according to the recent Accenture report “Harnessing the Power of Entrepreneurs to Open Innovation”.

In line with UAE Vision 2021, which is transforming the country into a global entrepreneurship hub, the SAP Training and Development Institute has conducted a second Startup Focus Event in the UAE, held in partnership with Dubai Internet City’s in5 Innovation Center.
During the two-day event with more than 150 participants, innovators gained insights from successful startup founders, and interacted with media and venture capitalists. Promising entrepreneurs also learned operational details on running their startup, and gained coding skills to build their application on SAP HANA, one of the world’s fastest growing in memory platforms. The event provided attending startups with the opportunity to become part of the global SAP Startup Focus Program.
– TradeArabia News Service


 

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