OECD Local Economic and Employment Development (LEED) Papers
The OECD Local Economic and Employment Development (LEED) Programme Papers present innovative ideas and practical examples on how to boost local development and job creation. A wide range of topics are addressed, such as employment and skills; entrepreneurship; the social economy and social innovation; culture; and local capacity building, among others. The series highlights in particular policies to support disadvantaged places and people, such as the low skilled, the unemployed, migrants, youth and seniors.
- ISSN: 20794797 (online)
- https://doi.org/10.1787/20794797
Entrepreneuship, smes and local development in Abu Dhabi
Boosting the entrepreneurial ecosystem
As the wealthiest emirate in the United Arab Emirates (UAE), Abu Dhabi plays a pivotal role in driving the country's economic prosperity. Despite its oil-dependent economy, efforts to diversify through entrepreneurship and SMEs are underway. However, while entrepreneurial attitudes are strong, actual business ownership remains low. This paper, commissioned for the UAE's G20 Presidency Culture Working Group, analyzes the landscape of entrepreneurship in Abu Dhabi. It identifies barriers such as limited STEM graduates, access to credit, and underdeveloped innovation ecosystems. Offering recommendations, including targeted support for women and youth, it outlines pathways to unlock Abu Dhabi's entrepreneurial potential and drive sustainable economic growth.
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