Page 194 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 3:24 PM In the presence of H.E. Alia Bint Abdulla Al Mazrouei Ministry of Economy organizes Riyada Development Program in Al Dhafra to dri…
The Ministry of Economy organized the ‘Riyada Development Program’ in Al Dhafra, Abu Dhabi, recently, with
an aim to enhance engagement with entrepreneurs in the region, support them in launching and expanding

their startups locally and internationally, and foster the exchange of experiences, while also addressing the
challenges related to business expansion. The event was 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).

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. 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.

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