"Ministers’ information"Start-up companies contribute to providing job opportunities and encouraging innovation
The Information and Decision Support Center of the Council of Ministers stated that emerging companies have become a vital part of the global economy, due to their significant contribution to providing job opportunities and stimulating innovation.
The Center explained – in the analysis it published about "companies Emerging" – Start-up companies appeared in the 18th and 19th centuries AD for the first time in the United States of America, and in the 1980s the concept of start-up companies began to crystallize, and a number of start-up companies were founded at that time, including Apple, Microsoft, and Genentech, and the success of these companies contributed to stimulating companies. The other is to start its own business.
The analysis defined startups as companies in the early stages of their business activity, established by one or more entrepreneurs who wish to In developing or providing a new product or service to customers in the market, indicating that the financing of these companies is done through investors.
Startup companies – when established – also go through several stages; Among them is the obligation to verify the company’s idea before agreeing on it, and to develop a final structure that explains how to implement the idea starting from establishing the company until achieving profit from it, in addition to developing a business plan that includes a detailed explanation of the company’s activities and the functional tasks of each department in the company, and converting the idea into a trademark to give A clear identity for the project, then registering the company with government agencies to guarantee its ownership rights and facilitating its work in the market, then arriving at the most difficult and most important stage in all stages of construction, which is the search for safe financing, as the success of that stage affects the success of the entire project, and that stage is completed by selecting The right financier And communicate with him by the best means, and finally the company begins its real activity after obtaining appropriate funding.
The analysis indicated that the startup ranking organization – which works in promoting startup companies around the world – provides a classification for all startup companies in the world, as it acquired India has three companies among the top 10 emerging companies in the world in the rankings during the year 2024, including Cutt.ly, which works in shortening long electronic links, which came in second place with a score of 87.5 points out of a total of 100. Point.
The United States of America acquired two companies among the top 10 startups in the world during the same year: Open AI, which operates as a search engine based on artificial intelligence, which ranked first in the world with a score of 88.61 points. And HotJar, which provides behavioral analytics and feedback data to help a person understand customers.
The analysis pointed out that emerging companies in the Arab world continue to flourish and grow, and this has become clear in recent years through the trend of major companies towards… Investing in emerging companies in the region, as Al Tayyar Travel Group – the largest travel company in the Arab region – and Majid Al Futtaim Group invested in emerging companies in addition to concluding many major deals in the Arab region, including the acquisition of “Amazon” “Souq.com” company, and the acquisition of “Emaar Malls Construction” company. The majority of Namshi.com shares are held.
The United Arab Emirates is at the forefront of the Arab countries in terms of its embrace of startup companies, and Egypt, Lebanon, and Jordan are very active regions for investing in startup companies.
The search for safe financing for startups constitutes the most important stage of the establishment, and the success of the project is linked to that stage. Accordingly, there are startups in the Middle East and North Africa that obtain significant funding and have achieved high successes in the fields of food technology, financial technology, and broadcasting. Video, and logistics services.
With regard to the top 10 emerging companies in the Middle East and North Africa in terms of funding for the year 2023, the analysis reviewed the most prominent of these companies, as the Emirati company Tabby for Shopping and Financial Services, which was established in 2019, topped the list of companies. The startup received funding amounting to 394 million US dollars.
Paymob, the leading Egyptian financial services company, which was founded in 2015, came in tenth place. By obtaining financing of 68.5 million US dollars, while the Kingdom of Saudi Arabia acquired 50% of the top 10 companies in the region in terms of financing, as the list included 5 Saudi companies, including Tamara e-commerce company, which was founded in 2020, and came in third place by obtaining financing amounting to 366 million dollars. million US dollars, and TruKKer, a company for logistics transportation services, which was founded in 2016, came in fourth place with funding amounting to 203 million US dollars, and Nana, a platform for delivering grocery orders to homes, which was founded in 2016, came in fifth place with funding amounting to 212.2 million US dollars.
The analysis indicated that startups play a crucial role in Drive economic growth by creating job opportunities, encouraging innovation, and enhancing competition.
The analysis, quoted by the British newspaper Business Chief, stated that the Middle East and North Africa region, which currently includes 6 startups, is expected to witness With a value of more than one billion US dollars, including the companies Kitopi, Careem and Swvl, the value of startup companies will rise sharply, and by 2030.
More than 300 startup companies are expected to emerge in the sectors of financial technology, e-commerce, and the Internet. , and consumer services, and it is expected that these companies will turn to public offerings in order to obtain crowdfunding.
