Just over a decade after the Arab world’s first wave of internet companies began to sweep across the Middle East, entrepreneurs and investors say the infrastructure to support start-up companies in the region has never been better.
In the early days of the regional internet business in the late 1990s and early 2000s, entrepreneurs had few places to turn when seeking early-stage investment and support needed to start businesses.
A few succeeded, such as Jordan’s Maktoob, which was bought by Yahoo for $164m in 2009. But for the majority, the climate for internet start-ups was simply too harsh.
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