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The startup ecosystem in the United Arab Emirates (UAE) has evolved into a vibrant hub of innovation and entrepreneurship, driven by the government’s strategic vision to diversify away from oil dependency. This dynamic landscape is particularly flourishing in sectors such as fintech, e-commerce, and healthtech, reflecting the region’s focus on adopting advanced technologies. The UAE has successfully nurtured several high-value startups, including the renowned unicorn company Careem, which was acquired by Uber for $3. 1 billion. This acquisition underscores the potential and global interest in UAE-based startups, positioning the country as a leading player in the Middle Eastern startup scene.
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