Page 436 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 10:33 AM H.E. Alia Al Mazrouei reviews UAE’s efforts to develop national entrepreneurship environment and the new economic model at ‘E…

UAE’s efforts in developing the national entrepreneurship environment:

H.E. the Minister of State for Entrepreneurship apprised the participants of the forum of the

UAE’s and the Ministry of Economy’s efforts to enhance the national entrepreneurship
environment. These include the launch of the National Programme for Small and Medium
Enterprises, The Entrepreneurial Nation, the Future 100 initiative, the ‘Thabat’ family business

programme, as well as the establishment of free economic zones and industrial complexes that

support the growth of entrepreneurial ventures, competitive tax rates for companies, reduced
fees for obtaining the ‘National Value Added Certificate,’ and the granting of golden visas to
entrepreneurs and talented individuals for up to 10 years.

UAE set to become a leading hub for entrepreneurship by 2031:

H.E. Al Mazrouei explained that the Ministry of Economy continues its efforts in collaboration

with its partners at local, regional, and global levels, to position the UAE as a leading hub for
entrepreneurship by 2031. This is in line with the objectives of the National Agenda for

Entrepreneurship and SMEs, as well as the goal to enhance innovation and creativity across
various economic sectors, highlighting the vital role of startups in driving growth within the
country’s SMEs sector.

A global event for entrepreneurship and startups:

In her speech during the session, H.E. said: “The global entrepreneurship event ‘Expand North

Star’ taking place in Dubai this year, bringing together thousands of business leaders, global
investors, startups, entrepreneurs, and international investment funds, serves as an ideal

opportunity to enhance the momentum of investment in startups and digital entrepreneurship.
It contributes significantly to the exchange of best practices on competitive policies that
support the growth of the SMEs environment locally, regionally, and globally, and the

localization of innovative ideas in various economic sectors.”

“Entrepreneurship is a key pillar in achieving the UAE’s goal of becoming the global hub for the
new economy by 2031, as it encourages entrepreneurs and startups to establish projects in
future and sustainable economic sectors such as FinTech, sustainable manufacturing, smart

mobility, and AI,” H.E. added.

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