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The MENA region’s entrepreneurship ecosystem has been steadily developing in recent years, with big exits signalling a significant shift
in the region, including Amazon’s acquisition of Souq for an estimated $800 billion, as well as German-based Delivery Hero’s acquisition Newly Founded Saudi Fintech Edfa
of Talabat. $1.6M Pre-Seed Investment
Founded this year, the startup e
Saudi fintech market with the g
Egypt in particular has been making noticeable progress in this area; the Global Entrepreneurship Monitor’s report found that Egyptians SMEs.
are changing their views on entrepreneurship, as over 73 percent of the population now actually think of it as a career choice.
The article by TechCrunch found that around 8 percent of the region’s businesses have a digital presence, with 1.5 percent of the region's
sales being transacted online. This means that there is plenty of room left for more growth, a fact governments are paying attention to, a
shining example being the Egyptian government recently setting up a EGP 450 million fund to invest in local startups.
https://thestartupscene.me/MenaEcosystems/3-000-Startups-in-MENA-TechCrunch-Spotlights-the-Middle-East-s-Entrepreneurial-Ecosystem 1/3
2/23/22, 3:23 AM 3,000 Startups in MENA: TechCrunch Spotlights the Middle East's Entrepreneurial Ecosystem
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The SMEs Bank will bring together all the financial solutions We sit down with author, serial entrepreneur, mentor, and
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a blackhole of lengthy
https://thestartupscene.me/MenaEcosystems/3-000-Startups-in-MENA-TechCrunch-Spotlights-the-Middle-East-s-Entrepreneurial-Ecosystem 2/3
2/23/22, 3:23 AM 3,000 Startups in MENA: TechCrunch Spotlights the Middle East's Entrepreneurial Ecosystem
HOME NEWS BEHIND THE STARTUP ENTREPRENEUR LIFE MENA ECOSYSTEMS OPPORTUNITIES
Sharjah Entrepreneurship Centre Launches UAE's Dubai Launches Startup Challenge to Become the
First Government-Backed Startup Studio World's First Blockchain-Powered City
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https://thestartupscene.me/MenaEcosystems/3-000-Startups-in-MENA-TechCrunch-Spotlights-the-Middle-East-s-Entrepreneurial-Ecosystem 3/3