Page 490 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/25/24, 9:38 AM Ministry of Economy and Federal Youth Authority organize Youth Circle to foster entrepreneurship culture among Emirati youth
entrepreneurs to overcome the challenges they face in the early stages of startup growth. It shed light on
the importance of Emiratization of technology and innovation in supporting SMEs.

H.E Al Mazrouei emphasised that the UAE, thanks to its wise leadership’s vision, attaches great
significance to equipping youth with adequate skills in various future sectors, particularly economic

sectors and entrepreneurship. The country has launched multiple initiatives and policies that focus on
addressing these issues and ensuring opportunities and enablers to encourage the youth to pursue
innovative ventures and entrepreneurship.

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“The Ministry of Economy is keen to strengthen cooperation with relevant stakeholders at the federal
and local levels to provide all technical and logistical support needed to enable the Emirati youth to
convert their innovative ideas into profitable businesses, thus contributing to the national economy’s
growth and prosperity. We strive to support them in integratiing modern technology into their businesses

and advance digital transformation by providing them with the necessary knowledge and assistance in
accessing international markets and improve the competitiveness of their business regionally and
globally,” she said.

H.E Al Mazrouei pointed out that the forum offered an opportunity to strengthen dialogue with Emirati
youth and budding entrepreneurs, and helped understand their ideas and ambitions in developing

the entrepreneurship field, and opportunities they need to grow and sustain their projects

H.E. Dr. Sultan Al Neyadi said: “Empowering young people and enhancing their skills in
entrepreneurship is a key principle of the national strategy that the UAE Government approach that the
UAE government pays great attention to, by providing a nurturing environment that encourages

innovation and development in the business sector, and preparing programmes and initiatives that
transform youth ideas into impactful economic projects that align with future aspirations, thereby acting

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