Page 178 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/29/25, 3:15 PM UAE Council for Entrepreneurship Strengthens National Support for Startups
Council members, including representatives from federal and local governments, economic

development departments, and key entrepreneurial funds, discussed progress on

initiatives designed to foster innovation and business growth. Central to the discussions

were updates on the Federal Law No. 2 of 2014 on Small and Medium Enterprises

(SMEs), the development of a unified database for entrepreneurs, and improved
coordination among local entities to support the national startup scene.

Al Mazrouei emphasized the ongoing development of strategies to enhance collaboration

between relevant organizations and programs, aiming to boost the competitiveness of UAE

businesses. The Council is committed to expanding the entrepreneurial base and

preparing businesses for future opportunities, including new partnerships and investment

avenues.

Key topics also included support for youth-led innovation through the Youth
Entrepreneurship Council Strategy, preparations for the National Forum for Government

Procurement, and enhancing the UAE’s representation at international entrepreneurial

events in 2025.

Additionally, the Council reviewed progress on the National Agenda for Entrepreneurship

and SMEs, which focuses on increasing the contribution of SMEs to the national GDP,

promoting business ease, digital transformation, and fostering access to finance and talent.

The goal is to position the UAE as a global leader in entrepreneurship while driving

innovation and productivity in the sector.

News Source: Emirates News Agency

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