{"id":80286,"date":"2025-09-23T10:09:09","date_gmt":"2025-09-23T07:09:09","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=80286"},"modified":"2025-09-23T10:09:12","modified_gmt":"2025-09-23T07:09:12","slug":"tech-startups-must-adapt-to-capitalize-on-middle-east-economic-boom","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2025\/09\/23\/tech-startups-must-adapt-to-capitalize-on-middle-east-economic-boom\/","title":{"rendered":"TECH STARTUPS MUST ADAPT TO CAPITALIZE ON MIDDLE EAST ECONOMIC BOOM"},"content":{"rendered":"\n<p><strong><em>Huge possibilities ahead for founders who apply their ideas across merging business sectors, says tech investor Abdumalik Mirakhmedov <\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/techstartups.com\/\">Tech start-ups<\/a><\/strong> in the Middle East are being urged to capitalize on the regional economic boom forecast for the next decade by adapting to operate across merging business sectors.<\/p>\n\n\n\n<p>A recent PwC report said the region\u2019s economy could reach $4.57 trillion by 2035, around $1 trillion more than today, while an additional $232 billion in value could be added by continued AI adoption and transition to low-cost renewable energy.<\/p>\n\n\n\n<p>UAE-based entrepreneur and tech investor Abdumalik Mirakhmedov believes this adds up to exciting opportunities for tech startups to create new ideas and solutions that can grow fast and make a real difference.<\/p>\n\n\n\n<p>\u201cThe old rules are being rewritten,\u201d says Mirakhmedov, Director and co-founder of UAE tech venture company Scalo Technologies. \u201cTraditional industries are beginning to overlap, changing how we travel, build, get energy, look after our health, and stay connected.<\/p>\n\n\n\n<p>\u201cThe impressive numbers forecast by PwC aren\u2019t just hopeful predictions, they show the huge possibilities ahead for founders and investors in this region. Startups that can apply their ideas across different sectors will be well placed to grow as these changes take shape.\u201d<\/p>\n\n\n\n<p>Mirakhmedov says nowhere is this more relevant than in the UAE, which has a national strategy to become a global leader in AI by 2031, and plays an active role in helping shape global rules and standards for AI use.<\/p>\n\n\n\n<p>Vivid indications of progress include Abu Dhabi\u2019s global technology ecosystem, Hub71, now hosting 52 AI-focused startups after attracting 13 more in the first half of 2025.<\/p>\n\n\n\n<p>PwC research shows that CEOs in the Middle East have growing confidence in AI, with about half saying they trust it to a large or very large extent, which is higher than the global average.<\/p>\n\n\n\n<p>Nearly 70% of CEOs using GenAI say it saved them time, and over half saw bigger profits.<\/p>\n\n\n\n<p>\u201cLooking ahead, AI is set to become a core part of how businesses run and develop new products in the region,\u201d said Mirakhmedov. \u201cThis is pushing companies to innovate quickly. More than 50%&nbsp;&nbsp;&nbsp; have launched new products in the last five years, and 40% have entered new industries to grow.\u201d<\/p>\n\n\n\n<p>Among the regional companies leading the way, Careem in the UAE has grown from ride-hailing into food delivery, digital payments, and remittances. G42 Healthcare in Abu Dhabi merged with Mubadala Health to form M42, combining AI with advanced patient care.<\/p>\n\n\n\n<p>\u201cThese examples show how different industries are coming together to create new opportunities,\u201d says Mirakhmedov. \u201cBut to fully benefit from AI and shifting industries, the region must equip its workforce with new skills. Startups have a key role to play, not only by needing skilled people themselves, but by helping develop those skills through innovation and collaboration.<\/p>\n\n\n\n<p>\u201cFor investors and founders alike, supporting talent development will be just as important as funding new products. The region\u2019s global competitiveness will depend on building a workforce that can adapt and grow.<\/p>\n\n\n\n<p>\u201cEntrepreneurs who embrace change, take calculated risks, and form the right partnerships will be the ones who shape the Middle East\u2019s economic future, and make the most of what lies ahead.&#8221;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Huge possibilities ahead for founders who apply their ideas across merging business sectors, says tech investor Abdumalik Mirakhmedov Tech start-ups in the Middle East are being urged to capitalize on the regional economic boom forecast for the next decade by adapting to operate across merging business sectors. A recent PwC report said the region\u2019s economy &hellip;<\/p>\n","protected":false},"author":2,"featured_media":80287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3738,3737],"class_list":["post-80286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-economic","tag-tech-start-ups"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TECH STARTUPS MUST ADAPT TO CAPITALIZE ON MIDDLE EAST ECONOMIC BOOM - Gulf Tech News<\/title>\n<meta name=\"description\" content=\"TECH STARTUPS MUST ADAPT TO CAPITALIZE ON MIDDLE EAST ECONOMIC BOOM\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gulftech-news.com\/en\/2025\/09\/23\/tech-startups-must-adapt-to-capitalize-on-middle-east-economic-boom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TECH STARTUPS MUST ADAPT TO CAPITALIZE ON MIDDLE EAST ECONOMIC BOOM - 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