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Peter Myrvoit, global financial director and CEO of Trade Wind Finance in Asia, confirmed that the UAE has topped many lists of global economies and over the past few years, small and medium-sized companies or start-ups constitute 95% of business in the Gulf countries, employing 42 % of the workforce in the UAE and manages more than 40% of its GDP.

In exclusive statements, Myrvoit revealed that more than $1 billion was invested in businesses across the Middle East in 2020 alone, with 35% of those startups headquartered in the UAE.