Middle Eastern SME Entrepreneurs (Women & Youth). In the Middle East and North Africa, where 95 per cent of private enterprises are small and medium-sized enterprises (SMEs), only 2.5 per cent of women are entrepreneurs. According to high-level sources, many women in the region want to start their own businesses and do not face major issues in accessing funds. However, they do really need a supporting system, referring to bodies, such as the chambers of commerce, and these are presently being put in place. The UAE is among the regional countries where women are progressing in different fields, such as business and politics. Emirati women have gone on to become federal ministers, judges, CEOs and senior management professionals in diverse sectors. Read more here about Middle East Small Business – Micro & SME on our additional page for more Arab country related SME information.
Middle East and North Africa Youth and Women Entrepreneurs
UAE is one of the very few Arab countries that have successfully created an eco-system that supports youth in developing and implementing their business ideas in terms of providing seed funding, interest-free loans, as well as economic policies that give certain privileges and exemptions for Emirati start-ups. The 16th edition of the Women in Leadership (WIL) Economic Forum was held in Dubai. The forum, attracted 300 participants, and focused on gender parity in business and the corporate world, and developing economies through the participation of female entrepreneurs. Riyadh City in Saudi Arabia hosted the “Click Boulevard Exhibition”, an e-commerce event that targets young Saudi female entrepreneurs. The four day event and exhibition also aimed at training more than 80 Saudi female students on multiple tasks in sales, marketing, accounting and administrative services.
SME Advisor Middle East Magazine
SME Advisor Middle East is aimed at business owners and senior executives across the GCC. Armed with practical advice, it has been highlighting key business issues for the small and medium enterprise segment since its launch in 2005. The magazine addresses real issues faced by business decision makers, without resorting to jargon. The SME Advisor Middle East Magazine understand that often, in small and medium enterprises, specialist business decisions are made by the owners and not by an army of c-level executives. Government support for SME growth. GCC governments have been eager to develop long-term sustainable economies diversified away from oil. Recent announcements have demonstrated their commitment to re-investing oil revenues towards further development of their domestic industrial and service economies.
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