Mashable: This was revealed by the Global Startup Ecosystem Report.

In the dynamic landscape of the Middle East and North Africa (MENA) startup ecosystem, the United Arab Emirates (UAE) stands tall with three of its emirates making significant strides in fostering innovation and entrepreneurship. According to the Global Startup Ecosystem Report (GSER) 2024, Dubai, Abu Dhabi, and Sharjah have emerged as key players, propelling the region's startup scene to new heights.

Dubai, renowned for its bustling economic landscape, has clinched a perfect score in funding, reflecting its prowess in attracting early-stage investments and fostering investor activity. With five unicorns under its belt, Dubai stands as one of the emerging ecosystems boasting multiple unicorns over the past decade.

Meanwhile, Abu Dhabi's meteoric rise showcases a staggering 28% growth in ecosystem value, solidifying its position as one of the fastest-growing emerging startup hubs in the MENA region. Sharjah, not to be outdone, has ascended to the 7th spot in the rankings, with notable strengths in sectors such as Cleantech, Digital & Creative Industries, and Edtech.

Sharjah's success story is multifaceted, attributed to strategic initiatives including its strategic geographical location, substantial annual investment of $1.5 billion in education, and the establishment of six Free Zones and 33 industrial zones. Additionally, the Sharjah Investors Services Centre has streamlined the process of setting up businesses in the emirate, fostering a conducive environment for entrepreneurial endeavors.

Central to Sharjah's remarkable journey is Sheraa, the flagship startup incubator chaired by Sheikha Bodour bint Sultan Al Qasimi. She emphasizes Sharjah's commitment to nurturing innovation, creating an investor-friendly ecosystem, and fostering sustainable economic development.

Najla Al Midfa, vice chairperson of Sheraa, underscores the pivotal role of partnerships and the cultivation of homegrown talent in driving Sharjah's entrepreneurial success. With a focus on key sectors such as sustainability, edtech, advanced manufacturing, and the creative industries, Sharjah is poised to further accelerate its growth trajectory, bolstered by collaborative efforts and a visionary approach to entrepreneurship.