Qatar’s startup ecosystem jumps 11 places in global index

Doha, Qatar: The Qatari entrepreneurial and startup ecosystems have continued to attract global attention, with the sectors witnessing remarkable impr...

Doha, Qatar: The Qatari entrepreneurial and startup ecosystems have continued to attract global attention, with the sectors witnessing remarkable improvement in the global rankings.

According to the Global Startup Ecosystem Index 2024, Qatar’s startup ecosystem experienced a notable enhancement in 2024, reaching the seventh position in the Middle East and advancing 11 places to 79th globally, thus reversing the six-position decline observed over the previous two years.

Meanwhile, the Global Entrepreneurship Monitor’s (GEM) Qatar National Report 2023/2024, published in collaboration with QDB, indicated that the country ranked third in the MENA region and fifth globally in the National Entrepreneurship Context Index (NECI) with a score of 5.9, surpassing the global average of 4.7.

The GEM report also noted that the Total Early-Stage Entrepreneurial Activity (TEA) rate in Qatar has reached an impressive 14.3%, a significant increase from 10.7% in the previous year.

Guided by the Qatar National Vision 2030, the government has been diligently working to diversify and strengthen the economy to ensure its long-term sustainability and competitiveness.