Company focus will be on Saudi Arabia, DAMAC chairman says

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America's entrepreneurs are also increasingly likely to be born outside the US, according to a 2022 report published by the nonprofit Ewing Marion Kauffman Foundation. Citing current population survey data, the report found that in 2021, over 28% of new entrepreneurs were foreign-born - up from about 13% in 1996. From March 2023 to March 2024, business formation applications were up in the Midwest, per the Census Bureau. New Hampshire saw more aspiring entrepreneurs, with applications up 20.7% - the highest year-over-year rate among all states. Similarly, in Minnesota, business applications were up 15.3%, and Montana saw applications up 16.4%.