GCC tech startup sector rises by over 10-fold

04 Apr 2016

(MENAFN) Governments are trying to transform their economies into knowledge-based societies, the tech entrepreneur sector in the GCC had increased by more than 10-fold.

Furthermore, the trend is permitting for more and better quality investments in promising startups, and will grow its deal year-on-year.

However, unless the whole investment cycle matures in the Mena tech startup sector, the business cycle for SMEs will suffer.

In addition, all sub-sectors in the value chain need to be invested in at the same pace and move together, while they are inter-connected.

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