The MENA Startup Eco-system

THE MENA STARTUP ECO-SYSTEM 64% of working-age respondents in MENA region would rather have their own business than be employed. A4444 4401 64% 70% of respondents took first steps to establish business in last 5 years. 70% RANKINGS OF MENA COUNTRIES IN GLOBAL ENTREPRENEURSHIP INDEX 2016 C) UAE Qatar Saudi Arabia 19 24 36 Lebanon Morocco Egypt 50 78 89 TOP REASONS TO START BUSINESS More Income Greater independence Better work-life balance 34% 31% 28% Control my career path Got the right opportunity To do what I love 26% 25% 25% Could not find a job Choose when to work 19% 9% MAJOR CONCERNS OF STARTING OWN BUSINESS $. Procuring finances to start Hiring the wrong people Uncertainty of profit/income 65% 37% 37% Making a loss Need to establish the right contacts Need to put lot of time and energy 36% 35% 31% Business idea not being accepted Finding the correct insurance cover Failure to comply with legislation 26% 17% 14% Others 2% MENA COUNTRIES BY EASE OF SETTING UP OWN BUSINESS Extremely Easy Neither Easy Easy nor Difficult Somewhat Extremely difficult difficult Algeria 5% 6% 29% 36% 23% Bahrain 3% 8% 30% 38% 20% Egypt 3% 7% 27% 46% 16% Jordan 2% 8% 29% 43% 17% Kuwait 9% 8% 29% 35% 19% Lebanon 1% 5% 22% 44% 27% Morocco 5% 7% 38% 34% 17% Oman 11% 12% 32% 38% 7% Qatar 5% 8% 29% 42% 17% Saudi Arabia 6% 11% 32% 35% 16% UAE 6% 11% 34% 34% 14% MENA COUNTRIES WHERE ENTREPRENEURS WANT TO SCALE KSA UAE Qatar 32% 28% 16% Egypt Lebanon Kuwait 10% 9% 8% Jordan Bahrain Oman 5% 4% 4% Iraq 4% Compiled and designed by: (*)