Dubai – Mubasher: Startups and other young firms offer about 50% of all new jobs in the market, with seed stage and those operating for two and a half years hiring an average of 12 workers, AIM Startup, an initiative of the UAE Ministry of Economy, said in a statement on Sunday.
The upcoming AIM Startup, set to be held in Dubai from 8-10 April, is to further discuss the role of startups as the key drive for job creation.
AIM Startup will take place in collaboration with the Annual Investment Meeting (AIM) under the theme “Harnessing Global Digitization to Empower Startups and SMEs,” the statement added.
“More jobs are being created as millions of startups are being established worldwide, producing opportunities that will lead to enhanced quality of life and improved standard of living across countries,” chairman of the Organising Committee of AIM Startup Dawood Al Shezawi stated.
In the Middle East and North Africa (MENA) region, an industry insider estimated that around six million additional persons will join startups on an annual basis between 2018 and 2035, Al Shezawi added.
“The event will provide promising startups with an opportunity to meet with global investors and prospective business partners,” the official concluded.
