Startup and operational costs for a tech business in UAE is very high compared to elsewhere in the world, according to a new entrepreneurial survey. The new study commissioned by Google and focused on the UAE’s tech entrepreneurial ecosystem also found out that the UAE ecosystem is remarkably active and highly resourced, yet the early-stage nature of the regulatory framework means that some gains will only be achieved over time.

Selim Edde, head of Public Policy and Government Relations at Google in Mena said at the launch of the Tech Entrepreneurship Ecosystem in the UAE Study: “Entrepreneurs are the lifeblood of UAE’s economy. The country has progressed in this journey, however, there are still key challenges entrepreneurs face including high operation costs, complex setup requirements and limited cross-border linkages.”

Emirati Entrepreneur, Al Reem Al Ammari, founder of Baaqah.com said: “As a young entrepreneur, among the major challenges facing startup entrepreneurs understanding what exactly you need to do to run a business. As a fresh entrepreneur, there are basic things you need to learn by yourself including, business operations, accounts, the logistic, etc.. since you might not have learnt these in school.”

Source Credit: Khaleej Times
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