The crypto expert estimates venture investment into the sector across the GCC will exceed $500 million this year alone. Currently, the digital economy contributes about 4.3 percent of the GDP in the UAE, which is equivalent to 100 billion dirhams ($27 billion), according to the latest statistics from the Dubai Chamber for Digital Economy. There are more than 1,400 startups in the country, with 1.5 billion dirhams allocated to them. The emirate has 90 investment funds in the digital sector and 12 business incubators. The total value of startups in the country is estimated to be 90 billion dirhams.
source: https://www.arabnews.com/node/2056231/business-economy