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Minister of Economy urges investors to support the entrepreneurial ecosystem in the UAE

posted on 23/05/2017: 3748 views

In partnership with the Ministry of Economy, the 3rd Annual Angel Rising Investor Education Symposium organised by startAD and VentureSouq saw local and global experts come together to discuss 'Global vs. Local Investing Perspectives' in the context of creating a robust and flourishing entrepreneurial ecosystem in the UAE.

The symposium specifically sought to provide education on key topics related to Angel Investing, to demystify investments in start-ups and persuade investors to power the entrepreneurial landscape in the UAE.

Lending his support to the initiative, Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the SME Council, said, "The UAE government has made innovation the core of its economic advancement and the road to a knowledge economy. Today, the UAE has the best investment environment in the region and one of the best globally because of its cutting-edge infrastructure, ITC, strong governmental support for all economic sectors and an outstanding partnership with the private sector."

He added, "International investors have been highly successful in setting up their companies in the UAE to serve the entire region, and many of them have become global companies exporting and providing services to 98 countries around the world from their UAE based companies."

According to Abdulla Al Saleh, Undersecretary for Foreign Trade and Industry at the Ministry of Economy, the UAE has a highly attractive and advanced investment environment for international investors and entrepreneurs, especially in technology, industry and innovation due to its competitive economy and legislations.


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