The UAE has introduced a significant initiative called ‘UAE Future 50’, which aims to highlight 50 promising Emirati startups that are set to shape the future economy. The initiative was launched in Dubai in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who is the Crown Prince of Dubai and the UAE’s Deputy Prime Minister and Minister of Defence.

This initiative has been developed collaboratively by the Government Development and the Future Office, along with the Ministry of Economy. It focuses on 50 Emirati-led startups operating in 15 sectors that are geared towards the future, including fintech, healthtech, space, cybersecurity, renewable energy, and smart mobility.

The main goal of ‘UAE Future 50’ is to accelerate innovation, diversify the national economy, and support a new generation of entrepreneurs who are driving progress across crucial industries. Sheikh Hamdan underscored the UAE’s dedication to creating a nurturing environment for startups and innovators, aligning with the country’s We the UAE 2031 vision. He also commended Emirati entrepreneurs for their contributions to establishing a globally competitive economy and encouraged more young individuals to pursue entrepreneurship.

This new initiative builds upon the success of the previous Future 100 initiative, which aimed to recognize high-impact ventures and celebrate national talent.