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Scaling up MENA SMEs: How a Handful of Firms can Fast-Forward Economic Growth

Posted By Administration, Thursday, April 11, 2019
Updated: Wednesday, April 10, 2019

Scaling up MENA SMEs: How a Handful of Firms can Fast-Forward Economic Growth
by Mahmoud Makki, Alice Klat and Melissa Rizk

This report shows that successful scale-ups in the region generate on average 3.4 times more revenues and 8 times more jobs than other SMEs. Several countries have recognized the economic value of scale-ups and are developing tailored policies and programs for them. Similar initiatives in the MENA region could have a significant impact. By studying the importance of scale-ups in the context of their local markets, Strategy& Middle East identified priorities for policymakers to improve their local scale-ups ecosystems across four growth pillars: business fundamentals, business propellers, demand creators, and country readiness. Within these pillars, they have recognized several priority areas, including access to financing, talent, foreign markets, large customers, and regulatory relief. Success also depends on mobilizing an ecosystem of private and public players to orchestrate growth initiatives.

Read full report here. 

Tags:  MENA  scaling  SMEs 

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