UAE SMEs Optimistic On Business Growth In 2017

Over half of SMEs surveyed say they see growth of between 10 to 50% . Business owners of small- and medium-sized enterprises in the UAE remain optimistic about their growth prospects this year, according to a survey conducted by Meed, a business intelligence service provider in the Middle East. 

Of the 138 SMEs that participated in the survey, 74 said they expect to grow their business in 2017 by 10 to 50 per cent compared with last year. Of this number, 23 business owners said they forecast their business to grow by at least 20 per cent compared to last year; while 15 entrepreneurs see a more robust 50 per cent increase in business against their performance in 2016. 

The survey was conducted to determine sentiment among business owners in the UAE, ahead of the Gulf Capital SME Awards, which celebrates innovation, success and growth in the UAE's SME sector. 

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