Page 478 - MOE ENGLISH PR REPORT - AUGUST 2024

8/14/24, 5:04 PM Latest News
Meetings were held with Hilal Saeed Al Marri, Director General of the Department of Economy and Tourism in
Dubai; Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department; Najla

Al Midfa, Vice President of the Sharjah Entrepreneurship Center (Sheraa); Saif Ahmed Al Suwaidi, Acting
Director General of the Department of Economic Development in Ajman; and Sultan Jamea Al Hindasi,

Director General of the Fujairah Chamber of Commerce and Industry.

During the meetings, H.E. Alia Al Mazrouei was apprised of the latest developments in the entrepreneurial
environment of Dubai, Sharjah, Ajman and Fujairah, future plans to support the growth of SMEs, and the

programs and facilities offered by each of these emirates to motivate entrepreneurs and startups to expand
into diverse sectors.

H.E. emphasized that the UAE, under the guidance of its wise leadership, continues to strive to develop a
comprehensive and sophisticated entrepreneurship and the SMEs landscape in line with global best

practices. The country today has a world-class entrepreneurial environment characterized by a flurry of
startup and entrepreneurial activities. H.E. added that concerted national efforts continue to ensure a
competitive climate for entrepreneurs and enable them to attract investments, promote their products and

services and assist them in obtaining the necessary funding. These efforts also contribute to promoting the
culture of entrepreneurship in the community, thereby establishing the UAE's position as a leading global

entrepreneurship and startup destination, in light of the goals of ‘We the UAE 2031’ vision.

H.E. Alia Al Mazrouei said: "The cooperation and integration of efforts between federal and local government
departments is key to developing the national entrepreneurial environment, stimulating innovation and

increasing productivity. It is one of the main drivers of the future knowledge economy, its diversification,
competitiveness and sustainable growth."

During the bilateral meetings, H.E. learned about initiatives and projects launched by the local authorities to
support the growth of SMEs in the country and promote their expansion into foreign markets, facilitate their

access to financing and investments, and provide them with all enablers and tools for success and continuity.

Enhancing cooperation with Dubai Economy & Tourism department in promoting entrepreneurship

H.E. Alia Al Mazrouei's meeting with Hilal Al Marri, Director General of the Department of Economy and
Tourism in Dubai, discussed mechanisms to enhance cooperation opportunities in entrepreneurship
promotion between the Ministry of Economy and the Department. This will entail the launch of initiatives

aimed at expanding the operations of small and medium-sized companies in new economic sectors,
especially technology, artificial intelligence, manufacturing and sustainable transportation. Besides, the

meeting explored the means to address challenges faced by SME-owners and entrepreneurs, especially with

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