Page 72 - SLC PR REPORT - JUNE 2024
P. 72

to Dubai SME members in 2023 is also a testament to the commitment of government,

               semi-government, federal and private sector entities to empower the SME landscape in
               the  emirate.  Through  these  efforts,  we  can  partner  with  agile,  innovative  small  and
               medium enterprises and encourage them to leverage their unique capabilities to deliver
               impactful projects that position our communities for long-term prosperity, while fostering
               a vibrant and inclusive business ecosystem that benefits all stakeholders.”


               A vital segment of Dubai’s economy, SMEs account for 99% of establishments and 50%
               of the workforce, and contribute nearly 46% to the total value-add generated in Dubai.
               They play a critical role in driving economic growth, promoting innovation, progressing
               business industries and introducing new markets, which helps solidify Dubai’s standing
               as  a  world-class  business-friendly  hub  that  provides  exceptional  investments  and
               opportunities.


               In  line  with  the  objectives  of  the  D33  Agenda,  the  Dubai  Government  prioritises  the
               nurturing of the SME sector and focuses on supporting Emirati entrepreneurs by providing
               them  with  the  skills and  knowledge  necessary to  successfully  integrate  them  into  the
               future  workforce.  In  addition,  Dubai  intends  to  increase  government  spending,  which
               contributes to raising the value of domestic demand for goods and services.


               Abdul  Basit  Al  Janahi,  CEO  of  Dubai  SME,  said:  “Promoting  entrepreneurship  and
               strengthening the city’s SME ecosystem lies at the heart of our operations at Dubai SME.
               By nurturing the entrepreneurial environment and inspiring innovation and sustainability,
               we  aim  to  further  reinforce  our  city's  reputation  as  a  premier  global  destination  for
               business and investment, paving the way for achieving the goals of the D33 Agenda, as
               envisioned  by  our  visionary  leadership.  We  provide  comprehensive  financial  and
               technical  support  to  Emirati  entrepreneurs  throughout  the  journey  of  setting  up  their
               businesses, ensuring that they obtain all assets required to succeed and become drivers

               of  the  city’s economic  growth.  Our members  have also been benefitting  from  various
               initiatives and projects such as our network of business incubators, training sessions, and
               workshops.


               Entities   that    provided    the   highest    support    in    2023    to   Dubai     SMEs
               Dubai Government entities: Dubai’s Roads and Transport Authority, Dubai Municipality,
               Dubai Police, General Directorate of Residency and Foreigners Affairs, and the Dubai
               Department of Economy and Tourism in Dubai are the top entities in providing increased
               support in terms of value in 2023. Other Dubai government entities that increased the
               level of support in terms of volume compared to the same period of 2022 included Public






               https://www.mediaoffice.ae/en/news/2024/june/27-06/dubai-sme
   67   68   69   70   71   72   73   74   75   76   77