UAE investors focus on domestic start-ups

RetailME Bureau

Around 55% of local angel investors are prioritising the UAE over other global markets according to the latest research from startAD, the Abu Dhabi-based global accelerator that steers seed-stage technology start-ups to launch, develop and scale their ventures. The findings reveal the importance of the UAE for angel investors globally and demonstrates the attractiveness of the region for start-ups.

For investors, FinTech start-ups were their most significant priority, receiving 29% of investments. However, artificial intelligence (AI) is continuing to emerge in the UAE as a key source of interest for start-up investors, with 18% of investors watching its development, signifying the future emergence of entrepreneurism in the UAE centred on machine learning.

The research profiled the typical angel investor in the UAE, whose average age is 42, demonstrating that the UAE has a significantly younger angel investment circle compared to other nations, such as the US (58), the UK (57) and France (60+).