UAE has region's best startup ecosystem: Forbes
Wednesday, 10 07 2020, Category: Economy, Country: U.A.E
The UAE has the most active startup ecosystem in the Middle East as 33 of the 50 most-funded startups named by Forbes are headquartered in the emirates.
Among the top 10 startups in Forbes Middle East list of the "50 most-funded startups in the Middle East," seven startups were established in the UAE.
Saudi Arabia comes in second with seven startups, two of which feature in the top 10. Egypt is home to four, Jordan to three, Lebanon for two, and Kuwait to one, according to Forbes list of startups founded no earlier than 2013 with a minimum of $5 million in total funding from external investors.
The UAE is also home to the region's most funded startup. Pure Harvest Smart Farms of the UAE tops the list after it secured $135.8 million from investors, including Wafra International and Shorooq Partners, to fuel its ambitious expansion plan.
Source: Khaleej Times