How startups are growth engines for Middle East?
20 Dec 2016The progress that start-ups have managed to achieve highlights their potential to spearhead innovation and generate economic growth. It should thus serve as a powerful incentive for MENA governments and businesses to change their approach with governments leveraging their spending to support new, innovative businesses, while established companies opening up their operations and cooperating with start-ups to scale up innovative activities that can inject dynamism into markets.
The successes of the region’s start-ups should not be underestimated. According to Wamda, a regional accelerator platform, more than a dozen start-ups – including Bayt, Careem, MarkaVIP, Namshi, News Group, Propertyfinder, and Wadi.com – now have estimated valuations above $100 million. Souq.com, a 3,000-employee company founded in 2005, is poised to be the region’s first “unicorn,” with a valuation above US$1 billion.
Start-ups are proven hubs of innovation and drivers of economic growth, employment, and development. It is time for the MENA countries to make the most of that potential.
Reference: INSEAD Study on Middle Eastern Startups
What people say
A business leader with a clear objective to Build a Legacy through his business acumen and passion to excel, being associated with Dr Tejinder opens up new avenues for learning.
Dr Tejinder Singh , the man who taught me to teach and lead. My first and only professional Guru who would run the mile first and push me to walk that . A wonderful human being and an exceptional professional.
Tejinder is one of the most amazing client/business partner that I have ever met.
I met Bhattia sahib once and found him very friendly,intelligent and very focused head of an efficient organisation.
In my association with Tejinder I have found him to be very frank in his views.He is very strong in his domain knowledge and also has sharp commercial acumen.
I was hired by Tejinder Sir, in the year 2003, which was also the turning point in my career.
My 1st Impression about Mr. Tejinder Singh Bhatia - An Exteremely Confident Professional, Who knows What he is Doing and Where he wants to Reach.
He was a dedicated and sincere person and always followed pragmatic approach while fulfilling his job responsilbilites.
I am priviledge to work under him, he is an excellent Leader where team always ready to work for him even at oddest hour of the day.