Page 229 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/20/24, 11:32 AM Empowering Ventures: H.E. Alia bint Abdullah Al Mazrouei, UAE Minister Of State For Entrepreneurship | Entrepreneur
continuing our efforts to support startups in scaling up abroad," she says. "Currently, we are

developing a platform to connect our SMEs with our partners in BRICS [an
intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran,

Egypt, Ethiopia, and the UAE], while also enhancing our network with our partners on the

Comprehensive Economic Partnership Agreements (CEPA). This initiative will provide UAE

startups with greater access to international markets, fostering cross-border collaborations
and growth opportunities."

Similarly, given the common refrain heard from entrepreneurs in the UAE when it comes to

financing, Al Mazrouei shares that work is being done to sort out this challenge as well.
"Recognizing the crucial role of finance in the success of startups, we have been working

closely with fintech players to introduce technology-driven and non-traditional financing

solutions," she says. "By partnering with our existing network of banks, we aim to provide

startups with innovative financial tools and resources that will support their growth and
sustainability."

Al Mazrouei also reveals that work is underway on this year's installment of the Future 100,

a national initiative launched by the UAE Ministry of Economy in partnership with the UAE

Minister of State for Government Development and the Future, which, in its inaugural
edition last year, listed (and accelerated) the startups and scaleups making a promising

contribution to the UAE's future economic sectors. "This year, we plan to celebrate the top

100 startups and scaleups in the UAE that are future-ready, highlighting their achievements
and contributions to the nation's economy," Al Mazrouei says. "I encourage all

entrepreneurs to participate in such initiatives, and seize the growth opportunities that they

present."

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