Apr. EN 2019

9 Al Mazaya: Growing need for establishing startup business incubators to augment their contributions to regional economy Al Mazaya Holding's weekly report indicates that startups in the region have achieved significant success over the past few years. While the percentage of people who prefer to work on their own right stands at 60%, the challenges associated with getting sufficient finance and capital availability are some of the main reasons behind the failure of some startups and SMEs, with a large number of entrepreneurs relying on personal and family savings and retail loans from banks, credit institutions and credit cards to provide initial financing. Al Mazaya noted that the success and failure stories in this business are not confined to a specific sector or a certain field but have rather been recorded have across all service and commercial sectors - a fact that makes startups a viable option for several segments of society. Mazaya Monthly Real Estate Report Week 3 - April 2019