Amazon to incubate 100,2026 startups and medium-sized companies on its store in the UAE by <>

Hamdan bin Mohammed: Dubai has established itself as a global hub for innovative ideas and an incubator for talent

Hamdan bin Mohammed during the announcement of the Amazon initiative. From the source

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, said: "Dubai has established itself as a global hub for adopting innovative ideas and an incubator for talent, start-ups and medium enterprises, in line with the visions and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai a laboratory for the development and implementation of innovative ideas and projects to create a brighter future for future generations."

His Highness said in a tweet yesterday: "With the vision of Mohammed bin Rashid, Dubai has established itself as a hub for innovative ideas, a capital of the digital economy and an incubator for talent. Today, in line with Dubai's D33 Economic Agenda, Amazon announced its intention to host 100,2026 companies, most notably Emirati companies, in its store in the UAE by <> to launch their products on a large global scale."

UAE Companies

This came on the occasion of Amazon's announcement of its goal to host 100,2026 startups and medium-sized companies on its store in the UAE within three years until 300, most notably Emirati companies with national cadres, which Amazon will allow to offer its products to 19 million customers around the world, paving the way for these companies to launch their products in 33 global markets, including the United States of America, the United Kingdom, Singapore, Japan, and India, which is in line with the objectives of the Dubai Economic Development Corporation, one of the institutions of the Department of Economy and Tourism, and in line with The Dubai Economic Agenda (D10), which prioritizes activating and encouraging digital economy initiatives and supporting small and medium enterprises, with the aim of bringing Dubai to the ranks of the 24 most leading digital economies in the world, training and qualifying national cadres to introduce new work methods, innovating quality applications, tripling the number of application developers and supporting them by launching their applications in digital stores within <> months.

"Dubai confirms its attractiveness as a major hub for attracting talent, leading companies and entrepreneurs, and a major hub for building the capabilities of digital economy pioneers and enabling them to lead various future technology sectors, in a way that supports its transformation into the capital of the digital economy, and embodies our national strategic directions for this economy and achieves our visions of employing technology to improve people's lives," His Highness said.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum pointed out that the launch of digital initiatives in the country in cooperation with international technology companies and leading digital fields, and attracting start-ups and medium-sized companies enhances the contribution of this sector to the UAE's GDP by 20% as a prominent non-oil sector in the GDP, over the next 10 years, and consolidates the UAE's position as a major center of attraction for talent and companies and a global market for technological applications.

Entrepreneurship

Amazon, which has about 50,100 local and global selling partners in the UAE, aims to increase this number to <>,<> sales partners over the next three years, and enable national cadres and entrepreneurs to enhance their digital successes online, by providing solutions to store products in the relevant centers, and provide customer service on their behalf, which leads to facilitating entrepreneurship, expanding digital companies, in addition to providing an environment that supports entrepreneurs and helps brands and companies benefit. One of Amazon's success stories.

This initiative also provides a unique opportunity for entrepreneurs to access global markets directly, strengthening their presence on the global stage, as every new business on Amazon in the UAE is automatically registered for sale in other Amazon stores around the world. As the growth of these businesses progresses, entrepreneurs will facilitate access to capital at low interest rates and faster delivery times enabling entrepreneurs to scale their SME logistics businesses in the UAE.

Digital Economy

In light of the environment that stimulates commercial progress and growth in the UAE, Amazon will search through this initiative, for a set of positive experiences that enhance the growth of the digital economy and the quality of life of society, and develop modern digital technology solutions that create the opportunity for entrepreneurs to develop their own skills on global technological applications and reach society in new innovative ways.

Crown Prince of Dubai:

"Dubai is a laboratory for the development and implementation of innovative ideas and projects to create a brighter future for future generations."

"Dubai confirms its attractiveness as a major hub for attracting talent, leading companies and entrepreneurs."

100

A thousand startups and medium-sized companies that Amazon will allow to offer its products to 300 million customers around the world.