MUSCAT : Ola Haddad, Director of Human Resources at Bayt.com, told The Arabian Stories, that 12% of the survey respondents found IT/Internet/E-commerce sectors attractive as potential industries for entrepreneurship.
Other startup choices were real estate or property development; commerce, trade or retail sector; and consumer goods or FMCGs. All of which received 9% of votes, respectively, from the respondents in the survey.
Key findings of the survey, conducted by Bayt.com to identify challenges faced by entrepreneurs and the need to develop tailored solutions to support their growth and success, revealed that nearly two-thirds of MENA professionals prefer to be self-employed; close to 7 in 10 entrepreneurs are planning to hire employees for their business in the next year; and 57% are currently thinking of starting a business.
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MENA respondents perceive entrepreneurs to be opportunity-driven (85%) and that they help in creating new jobs (83%). 49% of professionals stated personal fulfillment as the primary reason for preferring to be self-employed.
In a press note published by media outlets in the region, Ola Haddad had stated: “The MENA region is home to a diverse range of entrepreneurs with unique perspectives and experiences. By understanding their views, our latest survey identifies the challenges they face and develop tailored solutions to support their growth and success. Bayt.com is committed to supporting the growth of entrepreneurship in the region by providing startups with access to a vast pool of skilled professionals, as well as offering guidance and resources to help them succeed.”
Data for the Entrepreneurship in the Middle East and North Africa survey was collected online from February 15 to March 2, 2023. Results are based on a sample of 1,800 respondents from the following countries: UAE, KSA, Kuwait, Oman, Qatar, Bahrain, Lebanon, Jordan, Iraq, Palestine, Syria, Egypt, Morocco, Algeria, Tunisia and Sudan among others.
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