Innovation and sustainability are at the forefront of the business start-up arena in 2021, with vertical farming, cloud cooking and fintech-related businesses among the most popular industries for record. new businesses in Dubai, according to Meydan Free Zone.

Government initiatives to encourage entrepreneurship, the opening of Expo 2020 and the effects of the pandemic have created a huge appetite for business start-ups in the emirate, with innovative food production companies, such as the Environmentally Controlled Agriculture and Cloud Kitchens, among the top companies to be entered this year.

The latest research from Meydan Free Zone also shows that Indians and Pakistanis top the list of nationalities registering new businesses, followed by entrepreneurs from UK, Egypt, Lebanon, Nigeria, Kenya, Russia and Italy.

Recent government initiatives, such as reducing the cost of start-up procedures and introducing the independent visa, are encouraging more businessmen and women to take the plunge and start their own businesses.

Omar Khoory, Director of Assets at Meydan, said: “Our vision for the Meydan Free Zone is to further stimulate the economy by attracting more foreign direct investment to the UAE, as well as supporting start-ups. and promoting entrepreneurship at the local level. We are proud to play a key role in strengthening Dubai’s position as a trade hub by attracting business owners committed to business growth and success.

Since its inception in 2009 to create a stimulating, dynamic and strategically located environment for ambitious businessmen, the Meydan Free Zone has grown into a world-class innovation center that promotes diversification and entrepreneurship by providing facilities and top-notch amenities to local and international. entrepreneurs, especially those focused on innovation and sustainability.

Expo 2020 and the peak travel season will bring an influx of tourists and investors to the UAE in the coming months, providing businesses with an excellent opportunity to capitalize on potential clients and investors from all corners of the world. .

Meydan Free Zone is part of the main development of Meydan, a sprawling mixed-use community that is home to luxury villas, upscale residences, the world’s largest man-made lagoon, and a host of hospitality and leisure attractions.

Located at the Meydan Hotel in the heart of Dubai and just 15 minutes from Dubai International Airport, Meydan Free Zone offers a wide range of bespoke business packages and access to unparalleled amenities, including state-of-the-art offices overlooking the racetrack, world class golf and tennis facilities, a diverse range of restaurants and superb conference facilities.

Commercial licenses start at 12,500 AED.

For more information on businesses created in the Meydan Free Zone, call 800FZ1 or visit www.meydanFZ.ae.