Page 72 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

Press Release

Her Excellency added: “Small and medium-sized enterprises are a key driver of growth and
sustainability of the national economy. They play a pivotal role in advancing the UAE’s transition
toward a knowledge- and innovation-based economic model, while supporting the objectives of
the ‘We the UAE 2031’ vision, which aims to double the national GDP to AED 3 trillion by the
next decade. In support of this goal, the UAE has launched a range of initiatives and strategies
designed to provide SMEs with access to financing, resources, and capabilities that foster business
development and global market entry. These efforts are further bolstered by the UAE’s strategic
geographic location, serving as a vital link between East and West, and North and South.”

In this context, Her Excellency briefed attendees on the wide range of services and incentives
offered by the UAE’s National Program for SMEs, which includes over 25 support measures for
entrepreneurs. She also highlighted the ‘Future 100’ initiative, along with other key components
of the UAE’s entrepreneurship ecosystem, which are designed to enhance national competitiveness
and raise the success rate of entrepreneurs from 30% to 50% by 2031. Among the most prominent
initiatives are the Riyada Fund and the UAE Entrepreneurship Council.

Furthermore, H.E. Alia Al Mazrouei invited Italian women entrepreneurs to expand their
businesses and launch new ventures in the UAE across various economic sectors, encouraging
them to seize the wide array of opportunities available. She emphasized that the UAE has ranked
first globally for the fourth consecutive year in the Global Entrepreneurship Monitor 2024-2025
and has been recognized as the top destination for entrepreneurship and SMEs among 56 economies
worldwide. Today, SMEs represent 95 per cent of all companies operating in the UAE.

Her Excellency noted that the UAE Ministry of Economy is actively promoting digital
transformation and the adoption of advanced technologies by SMEs, with a particular emphasis on
artificial intelligence. This priority area is being advanced in collaboration with relevant ministries
and authorities at both regional and global levels, reflecting the central role of technology and
innovation as key pillars of the UAE’s future economy.

-Ends –

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