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UAE tops in internationalization of SMEs
This post provides a condensed exert from the GEM UAE 2011 Report and is copyrighted material of the authors of the report. It can be downloaded here: UAE 2011 GEM Report
If you would like to quote the report or this blogpost please use the following details:
Van Horne, C., Huang, V., and Al Awad, M. 2012. “UAE GEM Report 2011”, Zayed University, UAE
When only the Emirati population is taken into consideration, the numbers are still quite high. While the percentages for Emirati entrepreneurs is slightly less than the average for all entrepreneurs surveyed based in the UAE, the percentages would still be significant enough to place the UAE among the top three nations.
The UAE’s long term strategy is to be known globally as an export based economy driven by small businesses. Although the numbers reflect positively of international activities due to UAE’s long history as a regional trading hub, as well as hosting over 200 of the Global Fortune 500 companies in the Middle East, there is still room to increase the export activity of locally produced manufacturing goods and/or services.
Disclaimer: this post was originally published on uaestrategy.blogspot.com (link)
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