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Gulf Business Journal > Blog > Lifestyle > The Rise of Dubai’s Innovative Startups
Lifestyle

The Rise of Dubai’s Innovative Startups

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Last updated: 2024/05/15 at 5:58 AM
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Dubai’s skyline isn’t the only thing soaring; its startup ecosystem is also reaching new heights. With a forward-thinking approach and a commitment to innovation, Dubai is becoming a hub for groundbreaking startups across various industries. Let’s delve into six pioneering ventures that are reshaping the landscape of business in Dubai.

Contents
BekiaFoodicsSHUAA Capital pscMamo PayThe Luxury ClosetEyewa

Bekia

Bekia, originating from Egypt, is transforming waste management in Dubai by implementing industry best practices. Through a unique points system, they incentivize green waste disposal habits, allowing consumers to redeem points for essential goods and services. With a focus on sustainability, Bekia aligns with Dubai’s vision for a greener future.

Foodics

Foodics offers a comprehensive, cloud-based Point of Sale (POS) and Restaurant Management System, empowering restaurant owners with real-time analysis and trend monitoring. Founded in 2013, Foodics integrates various functionalities, including customer relationship management and inventory tracking, to enhance operational efficiency in the food industry.

SHUAA Capital psc

SHUAA Capital psc emerges as a major player in asset management and investment banking, offering a range of services from real estate management to advisory for corporate finance. Regulated by the Securities and Commodities Authority, SHUAA Capital psc plays a pivotal role in creating liquidity and facilitating investment opportunities.

Mamo Pay

Mamo Pay stands out in the fintech landscape by developing digital financial instruments tailored for small and medium-sized businesses (SMEs). As the first fintech startup licensed by the Dubai Financial Services Authority (DFSA), Mamo Pay’s innovative solutions, including business portals and financial services, are driving growth for SMEs across various industries.

The Luxury Closet

The Luxury Closet is redefining luxury resale in the GCC region with its online marketplace for authentic, high-quality luxury products. Experiencing double-digit growth month-on-month, The Luxury Closet offers a diverse range of luxury brands, making luxury accessible to a wider audience in Dubai and beyond.

Eyewa

Eyewa dominates the online eyewear market in the Middle East, offering a vast collection of eyeglasses, sunglasses, and contact lenses from renowned brands. With an impressive lineup of styles and brands, Eyewa provides customers with a seamless shopping experience, catering to their vision needs with precision and style.

Dubai’s startup scene is vibrant and dynamic, with these six startups leading the charge in transforming industries and driving innovation forward. As Dubai continues to embrace entrepreneurship and innovation, the future looks promising for these pioneering ventures and the ecosystem as a whole.

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EDITOR May 15, 2024 May 15, 2024
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