- The U.A.E. is the country with the most startups
- 92 startups on the list received funding over a million each
- Total funding received by startups was $1 billion
- Lebanese, Egyptians, and Jordanians comprise the top nationalities for startups
Dubai, October 2, 2017: Forbes Middle East has unveiled the region’s most successful and most promising startups at an exclusive event attended by over 200 delegates. The platform brought together the Arab world’s most creative and exciting entrepreneurs, as well as its most active investors, to meet, network, share their knowledge and discuss their futures.
Khuloud Al Omian, Editor-in-Chief, Forbes Middle East said, “An active and vibrant startup eco-system is the backbone of growing economies of the Arab world. Our listings have revealed an interesting aspect of how various nationalities, investors, and entrepreneurs are driving growth across startup space in the Arab world.”
The three rankings comprise 100 Startups in the Arab World, 50 Startups to Watch and 50 Most Active Investors. Total funding received by startups was $1 billion with stand-alone investment of $571 million in Careem. The U.A.E. also has the largest number of startups in the region and the most active investors, followed by Saudi Arabia.
The event was hosted by Forbes Middle East with the support of Al Tayyar Travel Group, one of the largest travel and tourism companies in the region, Lulu International Exchange, the leading global foreign exchange, and money remittance enterprise. Skyline University one of the leading universities in the Northern Emirates offering high-quality education, 360VUZ- the #1 360 Live Videos and Virtual Reality Mobile App in the region for exclusive events, master classes and experiences. And B4U Aflam, a leading Bollywood entertainment channel, customized in the Arabic language for its Arab audiences in KSA and across the MENA region.
Top 10 Startups in the Arab World
- The Luxury Closet
Top 5 Startups to Watch
- Hello World Kids
- Helpling Middle East
Top 5 Most Active Investors
- Wamda Capital
- RAED Ventures
- Mena Venture Investments
- Arzan VC
About Forbes Middle East
Forbes Middle East is a licensee of Forbes Media and extends the Forbes brand of journalism across the Arab world. Forbes Middle East’s distinctive editorial style attracts a readership of Arab leaders, entrepreneurs, C-level executives, government officials and investors united by a belief in the spirit of free enterprise and entrepreneurial values.
Across the region, Forbes Middle East sets the pace for preemptive business journalism. By uncovering trends and anticipating opportunities in the regional marketplace, each monthly issue brings top executives the information critical to their success – in both Arabic and English language editions.
The magazine researches and publishes original rankings, based on methodologies set by Forbes Media.