Page 77 - SLC PR REPORT - JUNE 2024

6/28/24, 11:46 AM Dubai SME Members Secure AED1.27 Billion in Contracts Across Public and Private Sectors in 2023
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince

of Dubai and Chairman of The Executive Council, underscored the pivotal role of SMEs

in Dubai's economic landscape, emphasizing their contribution to innovation,

competitiveness, and sustainability. This support aligns closely with the visionary

leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice
President and Prime Minister of the UAE and Ruler of Dubai, who champions initiatives

aimed at empowering entrepreneurs to drive economic growth.

Established in 2002, Dubai SME has been instrumental in fostering an enabling

environment for Emirati entrepreneurs, ensuring they meet the procurement needs of

governmental and private entities. Since its inception, Dubai SME has facilitated contracts

totaling AED 10.91 billion, reinforcing its commitment to realizing the ambitious goals set

forth in the Dubai Economic Agenda D33.

His Excellency Helal Saeed Almarri, Director General of Dubai Department of

Economy and Tourism (DET), affirmed the pivotal role of SMEs in Dubai's economy,

citing their substantial contribution of nearly 46% to the total value-add generated in the

city. Almarri highlighted the government's strategy to increase spending on SMEs, which

supports Dubai's position as a global business hub.

Abdul Basit Al Janahi, CEO of Dubai SME, emphasized the organization's dedication to

nurturing entrepreneurship through comprehensive support programs. These initiatives

include financial backing, technical assistance, and access to business incubators,
ensuring that Emirati entrepreneurs have the tools needed to thrive in a competitive

market.

In 2023, notable contributors to Dubai SME's success included key government entities

such as Dubai’s Roads and Transport Authority, Dubai Municipality, and semi-government

organizations like Emirates Group. Private sector leaders such as Union Coop and Emaar

Properties also played significant roles, underscoring their commitment to fostering local
economic development.

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