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UAE startups lead MENA with $86.7m funding in May

The UAE continues to strengthen its position as a regional startup hub, with $86.7m raised across 14 deals in May. This figure accounted for a major share of the $289m secured across the MENA region during the month which was a 25% increase from April.

The surge reflects growing investor confidence and the UAE’s supportive ecosystem for entrepreneurship. Government-led initiatives and funding vehicles, such as the Dubai Future District Fund (DFDF), have played a key role. DFDF reported $1.65bn in capital commitments last year, backing more than 190 startups.

The latest figures highlight the UAE’s continued push to attract innovation-driven enterprises and build a globally competitive startup landscape.

Gulf Economist Staff Writer