Page 118 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)
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     5/27/25, 4:51 PM  H.E. Alia Al Mazrouei briefs Italian women entrepreneurs on UAE’s supportive ecosystem for entrepreneurship & SME growth | We…
        H.E. Alia Al Mazrouei Briefs Italian Women Entrepreneurs On UAE’s
        Supportive Ecosystem For Entrepreneurship & SME Growth
             By  Editor_wr   On  May 21, 2025
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        Her Excellency Alia Bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, participated in a panel discussion
        titled ‘Entrepreneurship Without Borders,’ hosted by Claudia Parzani, Chair of the Milan Stock Exchange. The session,
        held as part of the third edition of Investopia Europe in Milan, brought together over 100 Italian women entrepreneurs.
        Discussions focused on developments in the business landscapes of the UAE and Italy and highlighted the importance
        of empowering women in economic and commercial sectors.
        During the session, H.E. Alia Al Mazrouei highlighted the UAE’s supportive ecosystem for entrepreneurship and SME
        growth, and its role in attracting entrepreneurs from around the world. She also emphasized the country’s flexible
        economic legislation that facilitates the establishment of startups across various sectors and economic activities.
        Her Excellency noted that the UAE and Italy enjoy a strong and multifaceted economic partnership, underpinned by
        shared visions for the future economy, including digital and technological sectors. This alignment presents a valuable
        opportunity to deepen cooperation in the field of entrepreneurship, in a manner that supports the strategic goals of both
        nations.
        Her Excellency said: “Under the directives of its wise leadership, the UAE has made it a priority to enhance women’s
        contribution across various economic sectors by encouraging them to launch pioneering projects that drive economic
        development and support the achievement of greater gender balance. By the end of 2024, the number of commercial
        licenses held by Emirati women entrepreneurs in the UAE market exceeded 135,000 – reflecting a 23 per cent increase.
        In the first half of the year alone, nearly 2,000 new companies were established by Emirati businesswomen,
        underscoring their growing presence and active role in the national business community.”
        Her Excellency added: “Small and medium-sized enterprises are a key driver of growth and sustainability of the national
        economy. They play a pivotal role in advancing the UAE’s transition toward a knowledge- and innovation-based
        economic model, while supporting the objectives of the ‘We the UAE 2031’ vision, which aims to double the national
        GDP to AED 3 trillion by the next decade. In support of this goal, the UAE has launched a range of initiatives and
        strategies designed to provide SMEs with access to financing, resources, and capabilities that foster business
        development and global market entry. These efforts are further bolstered by the UAE’s strategic geographic location,
        serving as a vital link between East and West, and North and South.”
        In this context, Her Excellency briefed attendees on the wide range of services and incentives offered by the UAE’s
        National Program for SMEs, which includes over 25 support measures for entrepreneurs. She also highlighted the
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