BarakaBits
  • Business
    • Social Entrepreneurship
    • Women-Led Enterprises
    • Youth in Business
  • The Arts
    • Art & Photography
    • Books, Blogs & Poetry
    • Design, Fashion & Architecture
    • Music
    • Theater & Dance
    • TV, Film & Online Video
  • Dailylife
    • Challenge to Change
    • Discovery
    • DIY & Life Hacks
    • Food for Thought
    • Heritage
    • Travel
    • Wellness Inside Out
  • Education
    • #NeverStopLearning
    • Classroom 2.0
    • The VIP Section
  • Environment
    • Green Policy
    • Sustainable Design
    • Upcycling & Recycling
  • Science & Tech
    • Lab to Life
  • #Barakability
    • AMENA
    • Memory Bank
    • Opportunities
    • Portraits
  • Countries
  • Submit a Story
  • About Us
  • Advertise
  • Contact
Subscription Form
BarakaBits
  • Business
    • Social Entrepreneurship
    • Entrepreneurship
    • Women-Led Enterprises
    • Youth in Business
  • The Arts
    • Art & Photography
    • Books, Blogs & Poetry
    • Design, Fashion & Architecture
    • Music
    • Theater & Dance
    • TV, Film & Online Video
  • Dailylife
  • Education
  • Environment
  • Science & Tech
  • #Barakability
  • عربي
  • Business
  • Social Entrepreneurship
  • Youth in Business

Now Is the Right Time to Invest in the MENA, Experts Say

  • October 7, 2014
  • One comment
  • 1 minute read
Total
9
Shares
9
0
0
0
0
0

With a collective GDP of $2.85 trillion, and a growing young, globally connected population, the Arab world ranks among the top ten largest economies and one of the most fruitful ones to invest in today. Consider this: in six years, internet penetration spiked 294% while mobile data traffic grew 107%. The experts agree: Middle Eastern citizens are more and more connected, entrepreneurial, and ready to set up in the technology scene.

“The rise of the digital economy has turned the region into the site of a remarkable market opportunity that, if tapped, would take it on an entirely new economic trajectory,” says Fadi Ghandour, founder and chairman of Aramex in a recent article. The region is booming with entrepreneurial ecosystems evolving from Dubai, to Cairo, to even war-torn Gaza, where Gaza Sky Geeks recently held their largest ever Startup Weekend event, amid Israel’s air strikes.

The new generation of Arab entrepreneurs, extremely tech-savvy and avid to innovate, have provided ingenious creations in globally trending fields such as digital content and e-commerce, but also rockier fields such as health, green energy, and education. Take Neftham, Tahrir Academy or SkillAcademy, the new MOOCS expanding opportunities for Arab youth to access education.

Souq.com is a clear example of how patient capital can fuel a thriving market. Founded in 2005, the company raised $150 million in financing, with the latest round valuing the company at over $500 million. “There will come a day when the next Alibabas will come from the Arab world,” Ghandour says.

9
0
0
0
Share 9
Tweet 0
Total
9
Shares
Share 9
Tweet 0
Pin it 0
Related Topics
  • Arab Entrepreneurs
  • Arab startup
  • Arab startups
  • Arabs Startups
  • aramex
  • Baraka Bits
  • BarakaBits
  • Cairo
  • Dubai
  • Entrepreneurial economy
  • gaza
  • Gaza Sky Greeks
  • Good
  • Good News ME
  • Good News MENA
  • Good News Middle East
  • investment
  • MENA Good News
  • MENA startups
  • Middle East entrepreneur
  • Middle East Good News
  • MOOCs
  • Nafham
  • SkillAcademy
  • Souq.com
  • Startup Weekend
  • startups
  • Tahrir Academy
Valentina Primo

Journalist, globetrotter, and determined idealist. Since Valentina left her home country of Argentina, she has searched for ways to build bridges between cultures and foster dialogue. Her previous work in international organizations in Italy and Germany fed her passion for the world of development, while her 8-year journalistic experience in Argentina and Egypt increased her curiosity for everything that challenges the stereotype. She holds a BA in Journalism and a Masters in Peace Studies with a specialization in Human Rights.

Previous Article
Al Ma'amal Foundation in Jerusalem
  • #Barakability
  • Art & Photography
  • Heritage
  • Lifestyle
  • Music
  • NGOs, Nonprofits & Charities
  • The Arts
  • Theater & Dance

Al Ma’mal Foundation for Art, Culture and Connectivity

  • October 7, 2014
View Post
Next Article
BarakaBits interns event
  • #Barakability
  • #NeverStopLearning
  • Education

Top 5 Reasons to Become an Intern

  • October 8, 2014
View Post

Subscribe

Subscribe now to our newsletter

You May Also Like
View Post
  • Business

Six Reasons to Invest in Dubai Property

  • October 12, 2021
View Post
  • Business

How Does a Sharia Mortgage Work?

  • August 4, 2021
View Post
  • Business

3 Must-Haves in a Job Listing Post

  • July 11, 2021
View Post
  • Business

Here’s What The Top Debt Consolidation Companies Have In Common

  • January 24, 2021
View Post
  • Business

Socially Powerful: Global Influencer Agency Taking Over UAE

  • November 18, 2020
View Post
  • Business

The Steps of Identifying the Trading Trend

  • November 10, 2020
View Post
  • Business

Types of Psychometric Tests

  • November 4, 2020
View Post
  • Business

ADCB Hayyak: Your Modern Personal Loan Portal

  • October 16, 2020
1 comment
  1. Pingback: 9 Inspirational Quotes by Arab Entrepreneurs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending
  • 1
    Six Reasons to Invest in Dubai Property
  • 2
    How Does a Sharia Mortgage Work?
  • 3
    Joining the Healthcare Industry with an Online Degree
  • 4
    3 Must-Haves in a Job Listing Post
  • 5
    5 Reasons Why You Should Buy a Dishwasher
Get some good news to your email

Subscribe

Subscribe now to our newsletter

Countries
Libya Yemen Algeria Jordan United Arab Emirates Turkey Iraq Syria Oman Tunisia Egypt Saudi Arabia Iran Morocco Palestine Lebanon Kuwait QatarBahrain
Stay Connected
Facebook
Twitter
Instagram
YouTube Subscribers
Categories
  • Business
  • The Arts
  • Lifestyle
  • Education
  • Environment
  • #Barakability
Company
  • About Us
  • Archives
  • Intern at BarakaBits
  • Submit a Story
  • Why Advertise With Us?
  • Contact Us
BarakaBits
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Service
Good News from the Middle East

Input your search keywords and press Enter.