November 17, 2024

UAE Entrepreneurs Among the Most Optimistic Globally

UAE entrepreneurs are leading the way in confidence, with 98% believing their businesses will thrive despite global challenges, according to HSBC’s latest survey.

An impressive 95% also expect their personal wealth to grow in the coming years, driven by strong investment performance, technological advancements, and diversified ventures, as revealed in the HSBC Global Entrepreneurial Wealth Report 2024.

With a global outlook, 65% of UAE business owners split their time across multiple countries, far exceeding the global average. Saudi Arabia, the UK, and the US are top choices for those considering relocation. However, nearly half lack clear succession plans, underscoring the need for professional wealth guidance to secure their legacy.

The UAE’s pro-business policies are a key driver of this optimism, with 86% of entrepreneurs praising the supportive ecosystem. “The UAE is buzzing with entrepreneurial energy,” says Richard Van Der Meer of HSBC UAE. With tech startups scaling rapidly and global businesses thriving, the country continues to solidify its status as a hub for innovation and growth.

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