Mireille Raad [@Migheille] posted very cool analytics of ArabNet’s Start-up companies on her blog. Here we visualized one set of data, showing the total percentage of start-up employees per country, Egypt being a clear leader.
This one shows the number of employees by category:
Entrepreneurship is blossoming in many corners of the Middle East, and one such buzzing corner last week was the heart of Beirut. Arabnet was an arena where the biggest players in venture capital, technology, and entrepreneurship were lively, chatting excitingly, debating, exchanging. All this seemed to suggest that the industry is indeed growing out of infancy. Does this mean that entrepreneurship has finally gained its stature as a legitimate means of generating jobs and boosting local GDP in Lebanon and the Arab World? Probably not. What it does mean, however, is that the hope of entrepreneurship being regarded as such in the foreseeable future is alive and kicking.
The skeptics will argue that Lebanon will always be a country of services, tourism, banking and real estate; as it has always been. And they are right, but not entirely, because the rules of the game are changing rapidly. The changes happening right now in the global marketplace are transcending history, geopolitics, climates and conflicts. The new rules of the game are being rewritten in acronyms such as SM, 3G and APIs. Web and mobile developers are the warriors of GDP of the 21st century. Some of them on the Arabnet scene were: Anghami, Laimoon.com, Forsan, Pin-pay, Qordoba, Codely, arabrooms.com, souqalamal.com, Cinemoz, Yamsafer, Wixel Studios, Dermandar and many others.
These new entrepreneurs leap over economic boundaries and local politics, and through the Internet will jump-start the knowledge-based economies of Lebanon and the Middle East. That is the dream of most of the participants at Arabnet, but it’s still just a dream. The reality will be determined by the size of the deals. It will be determined by whether or not the current Arab tech startups make hefty exits in the next few years or not. This is going to validate the need for such an industry in the Arab world, this will awaken the bored stacks of oil cash and channel them to where they will diversify our economies, employ the youth and restore the competitiveness of the Arab world.
Article by Samer Azar.
Updated: April 6, 2012



