Page 32 - MOE ENGLISH PR REPORT - AUGUST 2024

Press Release

To support the development of UAE’s entrepreneurship system and create

new opportunities for entrepreneurs

HE Alia Al Mazrouei visits Khalifa Innovation Centre, in5 Business
Incubator and Masdar Free Zone

>> Alia Al Mazrouei: The UAE places significant emphasis on advancing its
entrepreneurship and innovation sectors by adhering to the best global practices. Business

incubators play a prominent role in supporting the competitiveness of the country's
entrepreneurial environment.

Abu Dhabi, August 27, 2024:
Her Excellency Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, visited three
pivotal innovation and entrepreneurship hubs - including the Khalifa Innovation Center of Khalifa
University of Science and Technology, the ‘in5’ business incubator of TECOM Group, and the
Masdar City Free Zone - to explore and discuss mechanisms to enhance cooperation during the
next phase.

The visit focused on advancing the UAE’s entrepreneurship system, accelerating technological
innovation, creating new opportunities for Emirati entrepreneurs, and encouraging SME owners to
expand into new economic sectors that contribute to the diversification and sustainability of the
national economy.

HE Prof. Ebrahim Al Hajri, President of Khalifa University of Science and Technology, at the
Khalifa Innovation Center, Abdulla Khalifa Belhoul, CEO of TECOM Group, at the in5 business
incubator, and Ahmed Baghoum, CEO of Masdar City, in the Masdar Free Zone, received H.E.
Alia Al Mazrouei. Her Excellency was briefed about the programs, initiatives and incentives
offered by their respective entities to empower entrepreneurs and SME owners to grow and thrive.
These efforts are aimed at motivating entrepreneurs to establish and expand pioneering projects
across various economic sectors.

HE Alia Al Mazrouei highlighted the UAE's commitment, under the directives of its wise
leadership, to developing the entrepreneurship and innovation sectors according to the best global
practices. These two sectors are critical drivers of economic diversification and the nation's
transition towards a knowledge-based economy, in line with the objectives of the “We the UAE
2031” vision.

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