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The Rise of Start-Ups in the GCC Region
11/08/21 at 03:13:45
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With strong economic pressures creating an environment that Bahrain Phone Numbers List favors diversification, the member states of the Cooperation Council for the Arab States of the Gulf, more commonly known as the Gulf Bahrain Phone Numbers List Cooperation Council or the GCC, have experienced a major boom in startup activity. The list of member states of the GCC includes Kuwait, Saudi Arabia, Qatar, Bahrain, the United Arab Emirates and Oman. Long known primarily for the oil wealth and extravagant spending habits, these countries are increasingly Bahrain Phone Numbers List trying to claim a stake in the global economy of the 21st Century.

In addition to the economic pressures facing the Bahrain Phone Numbers List Gulf States, underserved markets throughout the Arabic-speaking world have also created opportunities for entrepreneurs to seize. Reliable and available content in Arabic has proven sparse, with many educated Arabic audiences turning to western sources for news and media, and most Arab social media participation has taken place on Bahrain Phone Numbers List websites such as Facebook and Twitter. Government-backed and private sources of venture capital funding have sought to step into the space with accelerator programs such as the UAE's SeedStartups. SeedStartups places $25,000 in investment Bahrain Phone Numbers List money into the hands of worthy enterprises in exchange for a flat 10% equity stake in the newly formed startup company.

Existing markets throughout the region are also proving Bahrain Phone Numbers List  to be fertile ground for startups to exploit. For example, Glambox is an Internet-based startup that caters to the region's female demographic by providing high-end beauty products through a monthly subscription model. In exchange Bahrain Phone Numbers List for a minimum subscription of Dhs50 a montha, subscribers receive samples of beauty products that they have the Bahrain Phone Numbers List opportunity.

  
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