Women entrepreneurship trend on the rise in the UAE
08 Mar 2021
Sajjad Ahmad,
Staff Reporter
Women play a big role in the economic growth of the UAE and the trend of women entrepreneurship is on the rise in the country.
The UAE is leading the region in empowering women by fully supporting and facilitating them to increase their contribution in the business activities.
The UAE offers significant growth opportunities to women for growth across sectors and the country’s women entrepreneurs have acquired significant attention in recent years through their innovative ideas and advance skills.
According to McKinsey Global Institute study, advancing women s equality could add $12 trillion to the global economy by 2025.
Women entrepreneurs can boost Middle East economies
Last week, TiE held its Women Global Competition in person in the UAE. The global initiative is dedicated to empower women entrepreneurs from across the world. More than 2000 startups submitted their pitches, of which 26 participated in the grande finale. Three winners – Inochi Care, Ahammune Biosciences and WeavAir all received a cash prize and will receive training mentoring and further access to funding.
Empowering women to pursue entrepreneurship is one of TiE’s key objectives and in this oped, Ashish Panjabi, president of TiE’s Dubai chapter explains how women entreprenuers can boost the region’s economy.