Page 190 - MOE ENGLISH PR REPORT

Page 190 - MOE ENGLISH PR REPORT - JANUARY 2025

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2/3/25, 3:24 PM Ministry of Economy organizes Riyada Development Program in Al Dhafra
She emphasized the importance of maximizing the benefits of these initiatives across all seven emirates
to boost the competitiveness of the UAE’s entrepreneurial ecosystem and drive it to new heights of
growth and prosperity.

Exploring entrepreneurial ventures in Al Dhafra

H.E. Al Mazrouei said that the UAE’s entrepreneurship and SMEs sector continues to experience

sustained growth, with Emirati youth establishing 25,000 SMEs in 2024 alone. Currently, SMEs account
for 94 per cent of the total companies operating in the UAE market, contributing 63.5 per cent to the non-
oil GDP. The UAE is also home to more than 50 government and private business incubators and

accelerators.

Challenges faced by entrepreneurs addressed

The event featured a panel discussion that addressed the key challenges faced by entrepreneurs in Al
Dhafra and explored strategies to transform them into new opportunities for innovative projects across
various vital economic sectors. The event also highlighted a series of inspiring success stories from
entrepreneurs and startup founders in the region.

For further information, please contact:
Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: media@orientplanet.com

Website: www.orientplanet.com