Why Abu Dhabi has become the hub of American startups? - MENA startups, innovation, and tech news

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Why Abu Dhabi has become the hub of American startups?
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Why Abu Dhabi has become the hub of American startups?

 And here’s how you can extend your startup in Abu Dhabi:

There’s no doubt that Abu Dhabi has become the hub of all American startups. Over the years, the place has become an excellent choice to launch the business. From attractive tourist places to a growing economy, it has never failed to astonish the world with its richness of management.

How UAE became the regional hub for startups?

UAE was placed 38th in last year’s Global Innovation Index. A lot of local competition and well-organized government online services have caused the ranking. According to nationalnews.com: “Last year saw the introduction of long-term visas granted to certain investors, entrepreneurs, inventors, and outstanding students. Abu Dhabi Global Market (ADGM) introduced its tech-start-up licenses with a competitive annual fee of $700, and the option to employ four people under that scheme, as well as access to its Entrepreneurship Support Programme.

The UAE’s success story on the entrepreneurship and innovation front is the result of the hard work and effective collaboration among government officials, the public and private sector. The UAE and the region are continuing to develop. Part of the UAE’s Vision 2021 is to increase the level of entrepreneurship and encourage more Emiratis to join the private sector. The timing is right and there’s no time like the present to get on board the entrepreneurship wagon.”

Reasons why you should spread out your business in Abu Dhabi:

1. Steady Currency Exchange Rate

Dhiram, the basic monetary unit of UAE is among the most steady currencies. “It has been pegged to the United States dollar since 1973. Since 1997, it has been set at a rate of $1 to $3.6725 AED.” according to abudhabistartups.com.

2. Safety and security

Safety and security are very favorable in UAE. The crime rate is much lower compared to other parts of the world, it's clean, safe and always monitored. According to statistics: “Dubai ranks 1st in more than 11 indicators on Personal Safety within different competitiveness indices.”

3. The English language is in general use

Even though Arabic is the official language out there, all of the people know how to speak and write in English. Therefore, making it much easier for tourists and businessmen to communicate efficiently.

4. Incredible and easy ways to travel around the public transport

Abu Dhabi has made traveling easier. Public transports give you a lavish feeling. You don’t necessarily need to own a car in Abu Dhabi. The facilities they provide are astonishing. The public transports are clean, safe and everyone there is polite enough to respect your privacy.

5. Abu Dhabi is a home for startups

Abu Dhabi is the future of tech startups. It has become advanced in technology and is developing each and every other day. A lot of people come here to study, set up their business and work. “Abu Dhabi has many government programs that support both businesses and startups. With nearly $14 billion committed to startups and businesses, there is no place like it.” abudhabistartups.com stated.

6. Hub71

Hub71 is a global ecosystem for tech companies, start-ups, and investors looking to capitalize on growth opportunities. “Over the course of the past year, Hub71 has nurtured the growth of this ecosystem and
strengthened the UAE capital’s position as a global hub for innovation. The Abu Dhabi startup community boasts a diverse collective across different sectors such as FinTech, AI, aerospace, education, healthcare, and mobility; which originate from countries all over the world, such as the USA, UK, Singapore, Canada, Jordan, Egypt, Morocco and many more,” says Shorafa.

“It’s not about ideas. It’s about making ideas happen.” -Scott Belsky

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