Page 510 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/25/24, 9:39 AM PRESSR: Ministry of Economy and Federal Youth Authority organize Youth Circle to foster entrepreneurship culture among Emirat…
country’s position on the international stage as a leading destination in this

field."

“Enhancing the culture of entrepreneurship among young people is an
effective and important step that encourages them to explore new

opportunities in promising sectors, enriching the diversity of the local

economy, its competitiveness, and the sustainability of its development.

This aligns with the ‘Economy’ pillar, which is one of the key priorities of

the National Youth Agenda 2031, which aims to empower Emirati youth to

be key drivers of the UAE's economic development. In this context,
providing the necessary support will give young people the opportunity to

translate their ideas into reality and actively contribute to positive change

in the development and prosperity of the private sector, ensuring their

involvement in shaping the future of business. This will prepare a

generation of youth capable of achieving creative accomplishments across

various economic fields as we build the nation's future.” He added.

The session highlighted the role of the Ministry of Economy in supporting

and empowering Emirati youth and encouraging their engagement in

entrepreneurship community and exploring future opportunities that

support SMEs. It also discussed the tools and resources necessary to assist

young people to transform their ideas into successful and innovative

ventures, and addressed how to enhance the benefits of digital
transformation in supporting the entrepreneurial environment.

Participants explored a number of successful entrepreneurial experiences

that represent an inspiring model encouraging young people to establish

and develop emerging projects. They also identified a set of outcomes that

would raise awareness of entrepreneurship among young people and guide

them, the most important of which include organising monthly sessions for
entrepreneurs to enhance direct communication and exchange ideas and

experiences, and creating a unified and comprehensive digital platform

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