The world economy has been witnessing amazing start ups that have transformed into worldwide multi billion dollar companies due to countries providing a suitable business environment elevated their success & growth; however, some MENA countries lack the legal, economical, & operational business environment that hindered startup company registrations.

Data and reports from world data bank reflect on how change from 2009 till 2019 across the Business Performance  indexes have affected the MENA region’s business opportunity growth.

Based on the visuals below Saudi Arabia, Oman, Qatar, & UAE have the best business environment based on the cost of start up procedures, duration needed for registration procedures, ease of doing business index, and number of businesses registered.
Governments of other MENA Countries that aren’t performing well on the below indexes should:

• Improve start up procedures efficiency
• Make it easier to register property, pay taxes, enforce contracts, and resolve insolvency
• Protect minority investors
• Improve the countries’ infrastructure( electricity, Internet..)
• Impose government programs to improve the countries’ infrastructure
• Create opportunities for foreign investors by giving tax incentives and make it easier to register property
• Impose strict laws that protect foreign investors and investor minorities

Startups may be small companies but they can play a significant role in economic growth. They create more jobs which means more employment, and more employment means an improved economy. Not only that, startups can also contribute to economic dynamism by spurring innovation and injecting competition and the region should work towards this.