How tough is it to establish a business in the MENA region? What are the difficulties that entrepreneurs confront, and how do they overcome them? What about the most tempting industries for starting a business?
Jobcurators.com has conducted a study to uncover the potential and obstacles of entrepreneurship in order to assist entrepreneurs in maximising their influence and driving economic growth and innovation.
Important Findings:
If given the option, two-thirds (66%) of MENA respondents would like to be self-employed or run their own business.
Seven out of ten entrepreneurs intend to employ in the coming year.
The main reasons for choosing to be self-employed are personal fulfilment (52%), and the ability to select work-life balance (43%).
IT/Internet/E-commerce (12%) and Commerce/ Trade/ Retail (10%) are regarded as the most promising industries for entrepreneurship.
More than a quarter of respondents (30%) say that hiring the right people is the key to success as an entrepreneur.
From June 22 to July 19, 2022, data for the Entrepreneurship in the Middle East and North Africa 2022 survey were gathered online. The results are based on a sample of 2,727 respondents from the following countries: the UAE, the Kingdom of Saudi Arabia, Kuwait, Oman, Qatar, Bahrain, Lebanon, Jordan, Iraq, Palestine, Syria, Egypt, Sudan & Tunisia.