The UAE is enhancing its support for startups and entrepreneurship by implementing flexible government policies, advanced legislation, and establishing world-class infrastructure. This makes the country one of the most attractive destinations for investors and entrepreneurs worldwide.

Central to the UAE’s economic vision is a focus on diversification, sustainability, and innovation. This approach fosters a competitive environment that attracts talent and promotes growth in non-oil industries, including technology, finance, and renewable energy. Regulations that encourage foreign investment, such as full ownership in many sectors, along with tax incentives and specialized free zones, solidify the UAE’s status as a global hub for startups.

Among the key initiatives is the Sheikh Khalifa Excellence Award, which aims to strengthen quality standards and competitiveness in the business sector. The award recognizes companies demonstrating outstanding performance and innovation, thereby enhancing their market position and encouraging expansion. Several entrepreneurs who recently received the award noted that the UAE’s competitive business environment accelerates growth across various sectors and fosters innovation.

According to Gulf Today, Abdulaziz Al Shamsi, Founder and CEO of Vcharge, emphasized that the award underscores his company’s role in advancing electric vehicle infrastructure, aligning with the UAE’s sustainable transportation vision. He remarked that the business climate in Abu Dhabi significantly contributes to the success of Emirati projects.

Deniz Tekerek, Co-Founder and Chief Commercial Officer at Archireef, expressed that winning the Sheikh Khalifa Excellence Award is a significant milestone for his company, which focuses on restoring marine and navigational ecosystems to support the UAE’s environmental objectives. He stressed the importance of having more specialized companies in environmental protection and the need for closer collaboration with various organizations to achieve the country’s sustainability goals