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Women entrepreneurs in the UAE are making significant strides in digitalization, with over 70% adopting AI to enhance business operations. Despite challenges in accessing funding, many are focusing on growth through market expansion and product development, while Visa and Meta support their efforts through initiatives like the Marketplace for Good event.
SC Ventures and Visa have joined forces to empower SMEs in the MENA region, focusing on innovative financial solutions to foster digital growth. This partnership, formalized through a Memorandum of Understanding in Dubai, aims to enhance the SME ecosystem, which contributes over 63.5% of the UAE's non-oil GDP, by providing essential tools and resources for navigating the digital economy. Key initiatives include workshops and a proof of concept for joint offerings, positioning SMEs for significant growth as the sector is projected to reach one million businesses by 2030.
SC Ventures and Visa have partnered to enhance SME growth in the MENA region, focusing on developing solutions that support digital transformation and business expansion. This collaboration aims to leverage Visa's payment technology and SC Ventures' fintech expertise to empower SMEs, which constitute over 63.5% of the UAE's non-oil GDP. With the SME sector projected to reach one million businesses by 2030, this initiative is crucial for navigating the evolving business landscape.
Salima Gutieva
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
women entrepreneurs embrace digitalization and ai for business growth
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sc ventures and visa collaborate to boost sme growth in mena region
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