Abdallah Abu Sheikh, leads U.A.E.-based Astra Tech, the highest-funded company on the list…reports Asian Lite News
Forbes Middle East has unveiled its highly anticipated sixth annual 30 Under 30 list, showcasing the region’s most exceptional young talent making waves across diverse industries. This year’s list spotlights 120 entries spanning four main categories: Commerce and Finance, Entertainment, Science and Technology, and Social Impact. Each category has 30 entries. To be eligible for the 30 Under 30 list, applicants had to have been under 30 years old on December 31, 2022, meaning that anybody born in 1993 or later was eligible to be on the list. Candidates could have any nationality but had to have their primary impact in MENA.To find the region’s most promising young talent, Forbes Middle East assessed more than 600 applications over several rounds of assessments. A shortlist of 240 candidates were then evaluated by independent external judges, all experts in their respective fields. Factors like candidates’ impact on their industry, market, society, and future potential were considered. Quantifiable data such as funds raised, awards won, revenues, the value of deals, number of people impacted, number of customers, and number of social media followers were also taken into account.
The Class of 2023 celebrates the achievements of 145 individuals representing 22 nationalities, with Egyptians leading the way with 44 individuals, followed by 15 Saudis, 14 Lebanese, 13 Emiratis, and 10 Jordanians. All honorees are based in the Middle East or have their primary business or conduct their core activities in the region. They are dispersed across 20 countries, showcasing the diversity and impact of the region’s emerging leaders. The U.A.E. is home to the most listees with 43 based in the emirates, 36 in Egypt, 14 in Saudi Arabia, nine in Lebanon, and six in Jordan.While each category has 30 entries, Commerce and Finance dominates with the highest number of individuals with 44, followed by Science and Technology and Social Impact with 34 each, and 33 in Entertainment. Among the impressive roster of honorees is Egyptian table tennis champion Hana Goda, the youngest listee at just 15, and 18-year-old Iraqi weightlifter Ali Ammar Rubaiawi. The average age of everyone on the list is 26.6 years old. The list also features Egyptian rapper Wegz and sports stars Mayar Sharif, Hana Gouda, Basant Hamida and Sarah Samir.Of the 145 individuals, 107 are entrepreneurs, making up 74% of the list. If one business had two cofounders or more under the age of 30, they were counted as one entry.
Notably, Abdallah Abu Sheikh, leads U.A.E.-based Astra Tech, the highest-funded company on the list. The 28-year-old secured $500 million from G42 in 2022.Forbes Middle East is now finalizing an electrifying agenda for its flagship Under 30 Summit in El Gouna, Egypt in January 2024, which will gather together the Middle East’s esteemed Under 30 community, investors, and business leaders. For more information, click here.Click here to view the complete Forbes Middle East 2023 Class of 30 Under 30.