RAS AL KHAIMAH — Startups based on modern technologies and advanced innovations are a key driver for the growth and prosperity of national economies and enhancing their global competitiveness, said Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah.
He explained that investing in youth, inspiring ideas, and transforming them into creative projects is a cornerstone for facing global challenges in many vital sectors.
This came during Sheikh Saud’s opening of the “Seaside Startup Summit UAE 2024” at the Longbeach Campground Hotel in Ras Al Khaimah, which will continue until February 28.
The event features more than 120 startups, over 20 international speakers and experts, and the attendance of about 1,000 participants and 2,000 visitors and guests from more than 30 countries around the world.
It aims to exchange experiences, discuss challenges, build partnerships, and enhance communication between startups locally, regionally, and globally.
Sheikh Saud bin Saqr pointed out that entrepreneurship is a fundamental pillar in Ras Al Khaimah’s economic strategy and an important tributary to enhancing the emirate’s position as a global destination for entrepreneurship and business practices.
He stressed that young entrepreneurs play a pivotal role in achieving economic growth and that taking advantage of the promising opportunities provided by the UAE economy supports the success of startups in many fields.
The Ruler of Ras Al Khaimah welcomed the participating entrepreneurs, underscoring the importance of these specialized international events for startups.
Such events enhance partnerships, open the door to the exchange of ideas between entrepreneurs from different countries, and lead them to share their experiences and expertise. This aims to create a stimulating environment that supports growth, prosperity, and expansion in global markets.