{"id":2365,"date":"2021-07-05T08:34:01","date_gmt":"2021-07-05T08:34:01","guid":{"rendered":"https:\/\/zenesiscorp.com\/business-setup\/?p=2365"},"modified":"2021-07-11T10:06:44","modified_gmt":"2021-07-11T10:06:44","slug":"uae-and-women-entrepreneurs-a-tale-of-rising-gender-equality-entrepreneurial-dreams-success","status":"publish","type":"post","link":"https:\/\/zenesiscorp.com\/business-setup\/uae-and-women-entrepreneurs-a-tale-of-rising-gender-equality-entrepreneurial-dreams-success\/","title":{"rendered":"UAE and Women Entrepreneurs: A Tale of Rising Gender Equality, Entrepreneurial Dreams, & Success"},"content":{"rendered":"\n

Women have always played an important and appreciable role in the UAE\u2019s social and cultural landscape. Now, they have started becoming a significant part of the country\u2019s economic landscape too. According to the UAE Gender Balance Council<\/a>, women aged 15 and above make up to 46.6% of the country\u2019s labor force, approximately 23,000 Emirati businesswomen run projects valuing over AED 50 billion, and women hold around 75% of the total positions in health and education sector. These statistics highlight the never-ending importance of women in the UAE\u2019s economic outlook.   <\/p>\n\n\n\n

Despite the growing trend of women\u2019s participation and their role in the economic front, one cannot turn a blind eye to the various issues still faced by working women, especially aspiring women entrepreneurs. From difficulty attracting early-stage funding to being unable to find enough mentorship opportunities- there is a lot that holds back women entrepreneurs from reaching their full potential. If these problems are tactfully dealt with and women entrepreneurs participate equally as their male counterparts, the global economy would witness a massive boost<\/a> from $2.5 trillion to $5 trillion. To understand the current scenario better, let\u2019s take a look at the existing problems faced by women entrepreneurs and their available recourses offered by the government.    <\/p>\n\n\n\n

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Roadblocks Hindering Women Entrepreneurs Success<\/h3>\n\n\n\n

Women entrepreneurs face many challenges in their startup journey, but getting enough funds from investors tops the list. A BCG report<\/a> highlights that even though organizations with the highest percentage of women leadership positions outperform companies led by their male counterparts, women-owned startups don\u2019t receive the same level of financial backing as they should. And the investment gap is surprisingly huge. <\/p>\n\n\n\n

If companies founded by male entrepreneurs received funding of around $2.1 million, women entrepreneurs\u2019 funding averaged around $935,000, which is less than half of what male entrepreneurs receive. The gender investment gap is real, and it needs to be addressed at the earliest. Besides funding, women entrepreneurs also find it difficult to get guidance or mentorship from the right people, making their journey even more challenging than their male counterparts. Though the current socio-economic conditions aim to create a favorable environment for women entrepreneurs, there is still a long way to go.  <\/p>\n\n\n\n

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UAE Government in Action<\/strong><\/h2>\n\n\n\n
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With an aim to make the UAE the best country in terms of gender equality, the government has taken various steps to promote women in the startup arena. The best part of the UAE government\u2019s initiatives is it\u2019s available for both expats and Emirati women. So even if you\u2019re in UAE on a residency visa, you can take benefit of the following initiatives: <\/p>\n\n\n\n

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