The MENA Startup Ecosystem – Statistics and Trends

23 May 2016

With the number of start ups growing in MENA, the ecosystem for entrepreneurs in MENA is improving. Today, more than 64% of working-age respondents in MENA region want to start  their own business than be employed whereas 70% of respondents took their first steps to establish their own business in last 5 years. Check out our infographic “The MENA Startup Ec0system” for latest statistics and trends.

Entrepreneurship in MENA

Infographic by Go-Gulf Web Design Company Company

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Rankings of MENA countries in Global Entrepreneurship Index 2016

  Country Rankings
   
UAE 19
Qatar 24
Saudi Arabia 36
Lebanon 50
Morocco 78
Egypt 89

 

Top reasons to start business

  Reasons %age
More Income 34%
Greater independence 31%
Better work-life balance 28%
Control my career path 26%
Got the right opportunity 25%
To do what I love 25%
Could not find a job 19%
Choose when to work 9%

 

 

Major concerns of starting own business

 

  Concerns %age
Procuring finances to start 65%
Hiring the wrong people 37%
Uncertainty of profit/income 37%
Making a loss 36%
Need to establish the right contacts 35%
Need to put lot of time and energy 31%
Business idea not being accepted 26%
Finding the correct insurance cover 17%
Failure to comply with legislation 14%
Others 2%

 

Countries by ease of setting up own business

Country Extremely Easy Easy Neither Easy nor Difficult Somewhat difficult Extremely 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

 Country Want to Scale
KSA 32%
UAE 28%
Qatar 16%
Egypt 10%
Lebanon 9%
Kuwait 8%
Jordan 5%
Bahrain 4%
Oman 4%
Iraq 4%