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UAE-based newspaper The National recently published a feature on Endeavor’s role in the MENA region, including plans to eventually open an office in Dubai. For the time being, Endeavor Global operates a satellite “support” office in the country, in partnership with Abraaj Capital.
The article quotes Linda Rottenberg, Endeavor’s co-founder and CEO:
“‘The Middle East is really one of the hotbeds of entrepreneurial activity…A support office that could marry a lot of the investors and [business] networks that come through Dubai seems to mirror what we have found in Silicon Valley and New York City. This is an entry point where I hope to service entrepreneurs not only from the region, but in the UAE and GCC.”
The article goes on to discuss the growing focus on start-ups in the region, emphasizing their transformation into larger enterprises:
In the UAE, specifically, efforts to boost the overall number of small to medium-sized businesses over the years have largely focused on the creation of new start-ups.
Many of the services offered through Abu Dhabi’s Khalifa Fund provide Emirati entrepreneurs with start-up capital or advisory services focused on selecting a business idea and evaluating its feasibility.
A number of universities throughout the country have also created competitions that reward students who come up with business plans for new start-ups.
But there is also a growing effort to expand smaller firms into medium or even large-scale enterprises.
The piece makes further mention of Endeavor’s role in the region:
Endeavor Global, which opened a branch in Lebanon last year and plans to open one in Saudi Arabia during the first quarter of next year, customises its services depending on what an entrepreneur most needs. A larger business looking to expand into international markets might be provided with high-level strategic mentorship, while a smaller company could gain assistance with targeted employee recruitment or marketing initiatives.
The full article can be found here.
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