Entrepreneurs key to job creation

Entrepreneurial businesses are likely to be the main source of new jobs in Dubai and around the world, a leading enterprise expert from London Business School says.

John Mullins, Associate Professor of Management Practice in Entrepreneurship, London Business School, told CPI Financial: "In nearly every country, developed or otherwise, virtually all of the net new job creation is delivered by fast-growing entrepreneurial firms - not by large multinationals, who keep replacing people with machines and technology and not by start-ups or 'small businesses' either - too much churn, and too little growth in most of them."

He was speaking as professionals from across the globe are preparing to head to Dubai for the World Expo 2020 and find out the types of career opportunities on offer in the UAE.

The associate professor said the entrepreneurship sector is likely to have this kind of important role over the coming years in the UAE, where it could fuel the growth of the private sector and create new jobs.

"It's good that policymakers and others - including enterprise accelerators such as Dubai Silicon Oasis, Turn 8, and Dubai Knowledge Village free zone - are putting in place programmes to help entrepreneurs grow their businesses faster," he added.