2020 MENAT Country Lookbook This handbook gives an overview of the MENAT markets Endeavor operates in, as well as a summary of the extensive data compiled related to entrepreneurs with presence or eager to expand regionally and internationally.
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Egypt
Male 50.5% Female 49.5%
GDP
Cairo
US $303.175 bn
100.3 m
RICH IN HISTORY OPPORTUNITY Acting as a gateway to Africa, Asia and Europe, Egypt’s unique geography lends it a strategic economic value making it one of the most central and accessible locations around the world. Despite the difficult political and economic events of 2011 reversing a near-decade of growth, Egypt’s growth and investor confidence today are slowly being restored underpinned by a stable political climate and a bold economic reform program.
LARGEST INDUSTRIES
TOP TRADE TIES
*Based on contribution to GDP
The Association Agreement with the EU The Greater Arab Free Trade Area (GAFTA)
Manufacturing
Agriculture
The Agadir Agreement The Common Market for Eastern and Southern Africa (COMESA) WTO Treaty
Energy
Tourism
KEY GLOBAL RANKINGS 71%
Literacy Rate 60
African Continental Free trade Area (AfCFTA)
ENTREPRENEURIAL SCENE Ecosystem Enablers: AUC Venture Lab, Flat6Labs, Cairo Angels, MINT Incubator, Falak Startups, Seedspace, RiseUp, Fekretak Sherketak, TIEC, INJAZ
Active Foreign Funds: USAID, EBRD, IFC, CDC, HOF, MSA, Wamda Capital, 500 Startups, Actis, BECO Capital, Vostok New Ventures, Endure Capital
Local Investors: Algebra, Egypt Ventures, Sawari Ventures, A15, TCV, Egyptian American Enterprise Fund, Ezdehar, C-Ventures, Lorax, EdVentures
Co-Working Spaces: AlMaqarr, Urban Station, KMT House, CO55, Regus, Edge Innovation Center, Startup Haus Cairo
Ease of Doing Business Index /100 33
Global Innovation Index /100
ﻣﺮﺣﺒﺎ LANGUAGES Official: Arabic Spoken: Arabic, English
Hello
ENDEAVOR OFFICE Established in 2008 Entrepreneurs: 54 leading 33 companies
Managing Director: Mohamed Rahmy Access to Market Lead: Farida Salah
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Egypt *The data below refers to regional Endeavor companies based in Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, Turkey, UAE *On-Ground Operations: refers to companies with offices or teams on the ground in a given market *Non-Ground Operations: refers to companies that manage operations remotely through other channels *Markets of Interest Per Vertical: refers to the % of companies from each vertical that are interested in expanding into the given country
Regional EEs with on-ground operations in Egypt (by home country)
Regional EEs with on-ground operations in Egypt (per vertical) 33
Egypt Saudi Arabia
2
Jordan
2
UAE
2
Morocco
2
Lebanon
10% Smart City 20% Healthcare
1
Regional EEs with non-ground operations in Egypt (by home country) 4
1
JORDAN
TUNISIA
Regional EEs with non-ground operations in Egypt (per vertical)
60% ESS
Most Active Verticals in Egypt
Agriculture
4.3%
Commerce
13%
Education
4.3%
F&B Healthcare
20% Commerce
20% Healthcare
Egypt as Market of Interest Per Vertical
FinTech
10% Education
40% ESS
* Indicates number of companies
ESS
20% Commerce
Agriculture Commerce Education ESS
26.1%
FinTech
4.3% 21.7% 13%
F&B Healthcare Smart City
*KEY: • Commerce: Retail and Consumer Tech • ESS: Enterprise Software Services • F&B: Food and Beverages
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Jordan
Male 53% Female 47%
GDP
Amman
US $42.231 bn
10.2 m
HOME TO MENA’S FIRST STARTUP ACCELERATOR Known to be home to the region's first startup accelerator Oasis500, Jordan also stands out in the MENA for its strategic geographical location and quality low cost facilities. As part of its economic reform mission to catalyze sustainable growth through fostering innovation and developing the entrepreneurial ecosystem, Jordan has become the hub for technical talent and infrastructure.
LARGEST INDUSTRIES
TOP TRADE TIES
*Based on contribution to GDP
World Trade Organization (WTO)
FTA with the USA, Canada, Singapore Pharmaceuticals
Manufacturing
Greater Arab Free Trade Agreement (GAFTA)
European Free Trade Association (EFTA)
Information Technology
General Medical Tourism
ENTREPRENEURIAL SCENE
KEY GLOBAL RANKINGS 98%
Literacy Rate 69
Ease of Doing Business Index /100 30
Global Innovation Index /100
Agadir Agreement
Ecosystem Enablers: Oasis500, MODEE, Propeller, Intaj, iPark, ShamalStart, BeyondCapital, ZINC by Zain, The Tank by Umniah, Big by Orange
Active Foreign Funds: USAID, EU, ISSF, SJIF, EBRD
Popular Local Investors: DASH Ventures, Silicon Badia, Propeller, Luminus Ventures, AdamTech Ventures, Amam Ventures
Co-Working Spaces: ZINC by Zain, The Tank by Umniah, Big by Orange, Workspace
ﻣﺮﺣﺒﺎ LANGUAGES Official: Arabic Spoken: Arabic, English
Hello
ENDEAVOR OFFICE Established in 2009 Entrepreneurs: 36 leading 29 companies
Managing Director: Reem Goussous Access to Market Lead: Sara Asad
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Jordan *The data below refers to regional Endeavor companies based in Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, Turkey, UAE *On-Ground Operations: refers to companies with offices or teams on the ground in a given market *Non-Ground Operations: refers to companies that manage operations remotely through other channels *Markets of Interest Per Vertical: refers to the % of companies from each vertical that are interested in expanding into the given country
Regional EEs with on-ground operations in Jordan (by home country)
Regional EEs with on-ground operations in Jordan (per vertical) 16.7% Healthcare
28
Jordan 2
Saudi Arabia
12.5% F&B
1
Egypt
4.2% FinTech 16.7% Education
16.7% ESS
* Indicates number of companies
Regional EEs with non-ground operations in Jordan (by home country) 1
1
33.3% Commerce
1
1
Regional EEs with non-ground operations in Jordan (per vertical) 1
20% Healthcare
40% Commerce
40% ESS EGYPT
LEBANON TUNISIA TURKEY
UAE
Jordan as Market of Interest Per Vertical
Most Active Verticals in Jordan
100%
Agriculture Commerce
75%
Education ESS
50%
FinTech 25% 0%
F&B 16.7%
16.7%
33.3%
16.7%
16.7%
Commerce
Education
ESS
FinTech
Healthcare
Healthcare Smart City
*KEY: • Commerce: Retail and Consumer Tech • ESS: Enterprise Software Services • F&B: Food and Beverages
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Lebanon
Male 50% Female 50%
GDP
Beirut
US $56.6 bn
6.8 m
THE ROOTS OF RESILIENCE Lebanon has experienced a multitude of crises in the past 40 years, but it has been known to rise again, recreate and innovate. Lebanese people have turned more entrepreneurial over time, expanding the pool of skilled talent. With time, the diaspora has grown larger and continues to support Lebanon from abroad.
LARGEST INDUSTRIES
TOP TRADE TIES
*Based on contribution to GDP
Economic Association Agreement with the EU
Greater Arab Free Trade Agreement (GAFTA)
Banking
Insurance
Bilateral Investment Agreements with numerous countries
European Free Trade Association (EFTA)
Tourism Hospitality
Service Industry
KEY GLOBAL RANKINGS 95%
Literacy Rate 54
Euro-Mediterranean Partnership (EUROMED)
ENTREPRENEURIAL SCENE Ecosystem Enablers: Berytech, Beirut Digital District (BDD), Speed Lebanon, UK Lebanon Tech Hub, Flat 6 Labs, StartechEUS, Antwork, MIT Enterprise
Active Foreign Funds: USAID, EU, EIB, EBRD, World Bank
Local Investors: Berytech Fund, Kafalat, Cedar Mundi, B&Y Ventures, MEVP, Leap Ventures, Saned Partners, Phoenician Funds
Co-Working Spaces: Beirut Digital District (BDD), Antwork, Berytech, Submarine, Koozpace, Olive Grove, Mindlie, Raymondo
Ease of Doing Business Index /100 29
Global Innovation Index /100
ﻣﺮﺣﺒﺎ
Bonjour
LANGUAGES Official: Arabic Spoken: Arabic, English, French
Hello
ENDEAVOR OFFICE Established in 2011 Entrepreneurs: 40 leading 31 companies
Managing Director: Christina Chehade Access to Market Lead: Samantha Menassa
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Lebanon *The data below refers to regional Endeavor companies based in Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, Turkey, UAE *On-Ground Operations: refers to companies with offices or teams on the ground in a given market *Non-Ground Operations: refers to companies that manage operations remotely through other channels *Markets of Interest Per Vertical: refers to the % of companies from each vertical that are interested in expanding into the given country
Regional EEs with on-ground operations in Lebanon (per vertical)
Regional EEs with on-ground operations in Lebanon (by home country)
7.1% Smart City
15
Lebanon 2
UAE
14.3% Commerce 7.1% Education
35.7% Healthcare
1
Egypt
14.3% ESS
1
Jordan
7.1% F&B
* Indicates number of companies
Regional EEs with non-ground operations in Lebanon (by home country)
Regional EEs with non-ground operations in Lebanon (per vertical)
2
50% Education
50% Healthcare JORDAN
Most Active Verticals in Lebanon
Agriculture Commerce Education ESS FinTech F&B Healthcare Smart City -
1
14.3% FinTech
2
3
*KEY: • Commerce: Retail and Consumer Tech • ESS: Enterprise Software Services • F&B: Food and Beverages
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Morocco
Male 50.4% Female 49.6%
GDP
Rabat
US $117.9 bn
35.5 m
52% SHARES OF RENEWABLE ENERGY BY 2030 Morocco has launched one of the world’s largest and most ambitious solar energy plan with investment of USD 9 billion. The Moroccan Solar Plan is regarded as a milestone on the country’s path towards a secure and sustainable energy supply. The aim of the plan is to generate 2,000 megawatts of solar power by the year 2020 by building mega-scale solar power projects at five location.
LARGEST INDUSTRIES
TOP TRADE TIES
*Based on contribution to GDP
FTA with the USA since 2006
Agadir Agreement Automotive
Phosphates
Tourism
Advanced FTA with the EU since 2008
FTA being negotiated with Canada
Agriculture
Industrial Sectors
KEY GLOBAL RANKINGS 74%
Literacy Rate 73
Ease of Doing Business Index /100 32
Global Innovation Index /100
FTA to be signed with UEMOA & CEMAC countries
ENTREPRENEURIAL SCENE Ecosystem Enablers: LaFactory, Cluster Solaire, Impact Lab, Reseau Entreprendre Maroc, Startup Maroc, CE3M, CEED Morocco, Enactus, Bidaya
Active Foreign Funds: KIMA Ventures, Actis, Africinvest, Amethis
Popular Local Investors: Azur Partners, MITC Capital, CDG Invest, Mediterrania Capital Partners, Attijari Invest, CFG Capital
Co-Working Spaces: Regus, Kowork, New Work Lab, Commons, Maktabouna
ﻣﺮﺣﺒﺎ LANGUAGES Official: Arabic & Amazigh Spoken: Arabic, Amazigh, French, English, Spanish
Hello
ENDEAVOR OFFICE Established in 2013 Entrepreneurs: 5 leading 4 companies
Managing Director: Nawfal Fassi Fihri Access to Market Lead: Reda Lakhlifi
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Morocco *The data below refers to regional Endeavor companies based in Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, Turkey, UAE *On-Ground Operations: refers to companies with offices or teams on the ground in a given market *Non-Ground Operations: refers to companies that manage operations remotely through other channels *Markets of Interest Per Vertical: refers to the % of companies from each vertical that are interested in expanding into the given country
Regional EEs with on-ground operations in Morocco (by home country)
Regional EEs with non-ground operations in Morocco (by home country) 1
4
Morocco
JORDAN * Indicates number of companies
Morocco as Market of Interest Per Vertical
Most Active Verticals in Morocco
100% 75%
ESS 50%
Healthcare
25% 0%
25%
50%
25%
Commerce
Education
Healthcare
*KEY: • Commerce: Retail and Consumer Tech • ESS: Enterprise Software Services • F&B: Food and Beverages
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Saudi Arabia
Male 57.4% Female 42.6%
GDP
Riyadh
US $786.5 bn
34.14 m
WHERE OPPORTUNITY, HOSPITALITY & TRANSFORMATION MEET! Saudi Arabia is the largest country in the Arabian Peninsula and is considered as the world's first in oil production and reserves, ranking tenth in natural gas production. Saudi Arabia is witnessing tangible economic prosperity and progress in all domains of socio-economic development, which produced substantial improvement in all human development indicators such as standard of living, health and education services, environmental conditions as well as potentials of comprehensive development.
LARGEST INDUSTRIES
TOP TRADE TIES
*Based on contribution to GDP
World Trade Organization (WTO)
Greater Arab Free Trade Agreement (GAFTA) Advanced Technologies
Oil & Gas
Financial Services
The Organisation of the Petroleum Exporting Countries (OPEC)
FTA with China, Japan, South Korea, Singapore, Europe
Real Estate
E- Commerce
F&B
KEY GLOBAL RANKINGS 95%
Literacy Rate 72
TIFA with the USA
ENTREPRENEURIAL SCENE Ecosystem Enablers: Monshaat, Badir, Waed, MISK and 500 STARTUPS, InspireU by STC, 500 Startups
Active Foreign Funds: WAMDA capital , Mevp, Flat 6 labs, Sawary ventures, Hala Ventures, Venturesouq, Lumia Capital, Graphene Ventures, 500 Startups
Popular Local Investors: Oqal, Raed Ventures, SVC, STV, NAMA Ventures, Riyadh Taqnia Fund, Vision VC, Flat6, Waed
Co-Working Spaces: Vibes, The Space, Scale, Servcorp, 67|22 Coworking Space, BeeHive, Allure, R house, Sstrolabs, Nawa Space
Ease of Doing Business Index /100 33
Global Innovation Index /100
ﻣﺮﺣﺒﺎ LANGUAGES Official: Arabic Spoken: Arabic, English
Hello
ENDEAVOR OFFICE Established in 2012 Entrepreneurs: 30 leading 20 companies
Managing Director: Lateefa AlWaalan Access to Market Lead: Haila Alobaidan
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Saudi Arabia *The data below refers to regional Endeavor companies based in Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, Turkey, UAE *On-Ground Operations: refers to companies with offices or teams on the ground in a given market *Non-Ground Operations: refers to companies that manage operations remotely through other channels *Markets of Interest Per Vertical: refers to the % of companies from each vertical that are interested in expanding into the given country
Regional EEs with on-ground operations in Saudi Arabia (by home country)
Regional EEs with on-ground operations in Saudi Arabia (per vertical)
15
Saudi Arabia
18.5% Smart City
11
UAE
9
Jordan
Egypt
1
Lebanon
1
Tunisia
1
25.9% ESS
14.8% F&B
Regional EEs with non-ground operations in Saudi Arabia (by home country) 6
3.7% Education
14.8% Healthcare
* Indicates number of companies
3
22.2% Commerce
4
3
Regional EEs with non-ground operations in Saudi Arabia (per vertical) 10% Smart City
4
5% Healthcare
30% Commerce
15% F&B
EGYPT JORDAN LEBANON TURKEY
UAE
Saudi Arabia as Market of Interest Per Vertical
25% ESS
Most Active Verticals in Saudi Arabia
Agriculture
3.8%
Agriculture
Commerce
3.8%
Commerce
Education
7.7%
Education
ESS FinTech
ESS
23.1% 3.8%
F&B
19.2%
Healthcare
11.5%
Smart City
26.9%
5% Education
10% Fin Tech
FinTech F&B Healthcare Smart City
*KEY: • Commerce: Retail and Consumer Tech • ESS: Enterprise Software Services • F&B: Food and Beverages
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Tunisia
Male 50% Female 50%
GDP
Tunis
US $39.87 bn
11.8 m
THE KEY GATEWAY TO EUROPE AND AFRICA After a successful journey towards establishing democracy, Tunisia is now building a new economy where knowledge and youth are at the forefront and where entrepreneurship plays a central role. The "Tunisia Startup Act" is the MENA first bottom-up policymaking initiative to foster entrepreneurship in the region and position Tunisia as the go to digital hub and gateway between Europe and Africa.
LARGEST INDUSTRIES
TOP TRADE TIES
*Based on contribution to GDP
WTO Maghreb Arab Union
Tourism
African Union
ICT
European Union Association Agreement The Agadir Agreement Textiles
Agriculture
KEY GLOBAL RANKINGS 79%
Literacy Rate
TIFA with the USA
ENTREPRENEURIAL SCENE Ecosystem Enablers: CONECT, BIAT, BNA FONDATION, SILATECH, IACE
Active Foreign Funds: USAID, ENPACT Tunisie, CIFE, UNIDO, ONUDI, World Bank, AFDB
Popular Local Investors: INTILAQ, CBA, IMPACT PARTNER, EGFS, INNOVEST, TAEF, AFRICINVEST, SICARS, AWARI, CDC GESTION, TIF-SICAR
Co-Working Spaces: Startup Haus Tunis, ELSpace Social Innovation Hub, Cogite Coworking Space, Lingare L'mdina, Factory 619, Coworky, LEVEL 1, Elife
69
Ease of Doing Business Index /100 42
Global Innovation Index /100
ﻣﺮﺣﺒﺎ LANGUAGES Official: Arabic Spoken: Arabic, French
Bonjour
ENDEAVOR OFFICE Established in 2017 Entrepreneurs: 8 leading 6 companies
Managing Director: Walid Bellagha Access to Market Lead: Amal Chebbi
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Tunisia *The data below refers to regional Endeavor companies based in Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, Turkey, UAE *On-Ground Operations: refers to companies with offices or teams on the ground in a given market *Non-Ground Operations: refers to companies that manage operations remotely through other channels *Markets of Interest Per Vertical: refers to the % of companies from each vertical that are interested in expanding into the given country
Regional EEs with on-ground operations in Tunisia (per vertical)
Regional EEs with on-ground operations in Tunisia (by home country) 5
Tunisia
33.3% Education
1
Jordan
1
Morocco
66.7% ESS * Indicates number of companies
Regional EEs with non-ground operations in Tunisia (by home country) 1
2
Regional EEs with non-ground operations in Tunisia (per vertical)
1
50% ESS
50% Healthcare JORDAN
MOROCCO
TUNISIA
Most Active Verticals in Tunisia Agriculture Commerce Education ESS FinTech F&B Healthcare Smart City -
1
2
3
4
*KEY: • Commerce: Retail and Consumer Tech • ESS: Enterprise Software Services • F&B: Food and Beverages
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Turkey
Male 49.9% Female 50.1%
GDP
Ankara
US $771,4 bn
84.3 m
SPANNING TWO CONTINENTS, BRIDGING ASIA AND EUROPE! Turkey, once the leading startup ecosystem in the region with its vibrant local market, now seems to lag behind newcomers like Slovenia, Greece, Romania and the UAE. Overlooked and buried under the macro trends, the Turkish ecosystem is in the midst of a transition and about to make a tremendous leap forward.
LARGEST INDUSTRIES
TOP TRADE TIES
*Based on contribution to GDP
Free Trade Agreement with the European Free Trade Association
World Trade Organization (WTO) Agriculture
Olive Production
General Agreement on Tariffs and Trade 1947 (GATT)
Custom Union
Industrial Sectors
EU
ENTREPRENEURIAL SCENE
KEY GLOBAL RANKINGS 96%
Literacy Rate 77
Ease of Doing Business Index /100 37
Global Innovation Index /100
Ecosystem Enablers: emekSepeti, Insider, İyzico, 212, 500, Galata Business Angels, Arya Women, Boğaziçi Ventures, Collective Spark
Active Foreign Funds: CT, DCP, Earlybird, Hummingbird, Wamda Capital, 500, Keiretsu Forum
Popular Local Investors: evo, Bosphorous Ventures, Starters Hub, 212VC
Co-Working Spaces: Kolektif House, Impact Hub, WithCo, Assembly Buildings
Merhaba
LANGUAGES
ENDEAVOR OFFICE
Official: Turkish Spoken: Turkish
Established in 2007 Entrepreneurs: 52 leading 36 companies
Managing Director: Aslı Kurul Türkmen Access to Market Lead: Sinan Aloglu
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Turkey *The data below refers to regional Endeavor companies based in Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, Turkey, UAE *On-Ground Operations: refers to companies with offices or teams on the ground in a given market *Non-Ground Operations: refers to companies that manage operations remotely through other channels *Markets of Interest Per Vertical: refers to the % of companies from each vertical that are interested in expanding into the given country
Regional EEs with on-ground operations in Turkey (by home country) 36
Turkey 3
UAE
20% Commerce 40% Smart City
2
Egypt Saudi Arabia
Regional EEs with on-ground operations in Turkey (per vertical)
1 40% ESS
* Indicates number of companies
Regional EEs with non-ground operations in Turkey (by home country) 2
Regional EEs with non-ground operations in Turkey (per vertical)
2
25% Healthcare
25% Commerce
25% F&B EGYPT
25% ESS
JORDAN
Turkey as Market of Interest Per Vertical
Most Active Verticals in Turkey
100%
Agriculture
75%
Commerce
50%
ESS
25% 0%
F&B 42.9%
14.3%
28.6%
14.3%
Commerce
ESS
F&B
Smart City
Smart City
*KEY: • Commerce: Retail and Consumer Tech • ESS: Enterprise Software Services • F&B: Food and Beverages
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UAE
Male 72% Female 28%
GDP
US $421.1 bn
Abu Dhabi
9.89 Million
A GLOBAL BUSINESS HUB IN THE HEART OF THE MIDDLE EAST The United Arab Emirates (UAE) is a bustling country known for its luxurious resorts, shopping malls, desert landscape, access to the Persian Gulf, and skyscrapers. The UAE contains seven quasi-independent states: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. These states each have their own set of laws and regulations but all are subject to law set in place by the national government. Abu Dhabi has historically drawn its wealth from oil and gas production and Dubai specializes in commerce.
LARGEST INDUSTRIES
TOP TRADE TIES
*Based on contribution to GDP
GCC - EFTA FTA Retail
Hospitality GCC-Singapore
World Trade Organization Petroleum
Construction
KEY GLOBAL RANKINGS 93%
Literacy Rate
ENTREPRENEURIAL SCENE Ecosystem Enablers: Hub 71, Dubai Future Foundation, Techstars, Sheraa, WamdaX, Start up Bootcamp Dubai, Krypto Labs, Catalyst in Masdar, FinTech Hive
81
Ease of Doing Business Index /100 42
Global Innovation Index /100
Popular Local Investors: : Wamda Capital, BECO Capital, Global Ventures
Co-Working Spaces: : In5, Astrolabs, Let’s Work, Dtec
ﻣﺮﺣﺒﺎ LANGUAGES Official: Arabic Spoken: Arabic, English
Hello
ENDEAVOR OFFICE Established in 2013 Entrepreneurs: 47 leading 31 companies
Managing Director: Noor Shawwa Access to Market Lead: Tayeb Hassan
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UAE *The data below refers to regional Endeavor companies based in Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, Turkey, UAE *On-Ground Operations: refers to companies with offices or teams on the ground in a given market *Non-Ground Operations: refers to companies that manage operations remotely through other channels *Markets of Interest Per Vertical: refers to the % of companies from each vertical that are interested in expanding into the given country
Regional EEs with on-ground operations in UAE (by home country)
Regional EEs with on-ground operations in UAE (per vertical) 31
UAE
6.7% Smart City 10% Healthcare
12
Jordan
10
Egypt
3
Saudi Arabia Tunisia
2
Morocco
2
Lebanon
1
Turkey
1
3.3% Agriculture 30% Commerce
6.7% F&B 3.3% FinTech
6.7% Education
33.3% ESS
* Indicates number of companies
Regional EEs with non-ground operations in UAE (by home country) 5
2
EGYPT
JORDAN
2
LEBANON
1
TUNISIA
Regional EEs with non-ground operations in UAE (per vertical) 9.1% F&B
1
TURKEY
UAE as Market of Interest Per Vertical
9.1% Fin Tech
27.3% Commerce
36.4% ESS
18.2% Education
Most Active Verticals in UAE
Agriculture
Commerce
10%
Education
10%
ESS
30%
ESS
F&B
10%
FinTech
Healthcare
20%
Smart City
20%
Commerce Education
F&B Healthcare Smart City -
*KEY: • Commerce: Retail and Consumer Tech • ESS: Enterprise Software Services • F&B: Food and Beverages
5
10
15
RESOURCES • Literacy Rate • Ease of Doing Business Index • Global Innovation Index * All data in the graphs has been collected and analyzed from Endeavors’ regional portfolio companies