Page 189 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 3:24 PM Ministry of Economy organizes Riyada Development Program in Al Dhafra
attended by H.E. Alia Bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship; and Mouza Al
Nasri, Acting CEO of Khalifa Fund for Enterprise Development (KFED).

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Entrepreneurs: The driving force behind the future economy

H.E. Alia Al Mazrouei emphasized the UAE’s firm belief in the importance of entrepreneurs and
innovative startups as key pillars for building a prosperous future for current and future generations,
accelerating the transition to a knowledge and innovation-driven economy. Her Excellency highlighted
the UAE’s continued commitment to fostering a thriving entrepreneurial ecosystem in line with global

best practices, providing flexible economic policies that facilitate the establishment of startups and
accelerate the growth of SMEs, especially with continued developments in the country’s
entrepreneurship legislative framework.

Her Excellency said: "This event serves as a key platform to highlight the unique advantages offered by

the UAE’s entrepreneurial ecosystem and how to leverage them. It also offers a valuable opportunity to
exchange ideas, insights, and experiences in all aspects of entrepreneurship and SMEs development.
The initiative also enables us to learn more about the innovative startups in Al Dhafra, listen to
entrepreneurs’ ideas and proposals regarding the enablers they need for business growth, and
encourage them to launch new ventures that benefit the community and contribute to the UAE’s

economic progress.”

Riyada’s initiatives showcased

H.E. Alia Al Mazrouei elaborated on the initiatives of the ‘Riyada’ entrepreneurship system launched by
the Ministry of Economy last November, which include the Riyada Fund, the UAE Entrepreneurship

Council, the National Unified Entrepreneurship Platform, and the UAE Youth Entrepreneurship Council.

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