Year: 2024
Type: article
Abstract: This article examines the rise and global potential of Arab startups, defining them as innovative and agile enterprises designed to address unmet needs through scalable business models.Unlike traditional businesses, startups prioritize rapid growth, technological innovation, and external funding.The study highlights the critical role these startups play in driving innovation, generating employment, and bolstering economic growth.Success stories such as Aramex, Careem, and Souq.com demonstrate how strategic investments, technology integration, and an understanding of local markets can propel Arab startups to global prominence.The article also explores the challenges facing Arab startups, including regulatory barriers, financial constraints, and market dynamics.Looking forward, the future of Arab startups appears promising, driven by digital transformation, a tech-savvy youth demographic, and supportive government policies.Building a robust entrepreneurial ecosystem will be crucial for fostering innovation, promoting sustainable development, and diversifying the region's economy.
Author: Amaal Mohammad Khalil Alshaar
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405673152