By Ben Curson, Partner, Kekst CNC Middle East.
The MENA region saw a record $1 billion investment in start-ups in 2020, with total funding up 13 per cent from 2019. This investment trend is likely to increase in the UAE helped by the introduction of a new law allowing full foreign ownership of onshore companies, which takes effect on 1 June 2021.
Both Dubai and Abu Dhabi are very popular destinations as innovation hubs and play host to accelerators, enterprise funds and entrepreneurs alike. Doha and Riyadh are also developing as hubs in their own right.
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