Apr. EN 2019

10 Mazaya Monthly Real Estate Report - Week 3 - April 2019 The report added that startups and SMEs contribute significantly to the use of modern technology, as well as support economic diversification and job creation. Such considerable benefits entail the establishment of a dynamic network of investors who support their financing and build successful and strong business models to ensure stable cash flows. In the meantime, these small-scale companies seek to save efforts and time as well as reduce costs associated with communication andmarketing of products or services by employing technology that streamlines marketing of sales through modern applications and electronic solutions conducive to tapping fresh target markets, both locally and overseas. The region's markets are set to move further in supporting and expanding the activities of start- ups thanks to the rapidly growing technological advances and ever- evolving business mechanisms. All available indicators reflect improvements in the performance of these small companies and their contribution to the regional GDP, with regional governments steadily growingly proving to be the main supporters of the startup's environment. The UAE is at the forefront of the region's economies that has proved to be a regional hub for SMEs and a centre of innovation that plays host to 20% of the region's startups and more than 60 out of the top 100 companies in the Middle East in 2018 that drew up to $610 million in FDI inflows. This is coupled with the improvement in the region's economies which in general stimulates entrepreneurship.