Page 34 - MOET ENGLISH PR REPORT - AUGUST 2025

Press Release

accelerators, providing vital support to startups and entrepreneurs. Notably, the country ranked
first globally for the fourth consecutive year in the Global Entrepreneurship Monitor (GEM)
2024/2025 report, reaffirming its position as the world’s leading destination for entrepreneurship
and SME activity among the 56 economies assessed.

His Excellency also highlighted the funding opportunities and enablers offered by the public and
private sectors. They also provide SMEs across the UAE with access to training and financing.

Additionally, the Undersecretary reviewed national initiatives and projects developed by the
Ministry of Economy and Tourism to enhance the competitiveness of the entrepreneurship
environment and strengthen the UAE’s position as a leading destination for SMEs. Among these
initiatives are the launch of the national entrepreneurship framework, the ‘Riyada’ Fund, and The
Entrepreneurial Nation digital platform, which has played a key role in connecting entrepreneurs
with funding and training opportunities. In addition, the share of SMEs in federal government
procurement tenders and contracts has been increased to 10 per cent, alongside the provision of
technical and training support to enhance their ability to compete in such tenders.

The inaugural Global SME Ministerial Meeting attracted over 700 participants, including
ministers, officials, private sector leaders, and entrepreneurs representing more than 60 countries.
The discussions focused on ways to support and empower SMEs on a global scale.

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