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4/25/24, 3:43 PM Ministry of Economy organises ‘National Forum for SMEs - Government Procurement’ | Emirates News Agency
success and continuity. These efforts aim to establish

the UAE as a prime hub for entrepreneurship and

startups, in line with the ‘We the UAE 2031’ vision.”

In addition, Bin Touq explained that one of the most

outstanding initiatives in this regard is the ‘National

Program for SMEs,’ established under Federal Law No. 2

of 2014 on SMEs. The program has offered over 25

services and incentives to projects initiated by Emirati

entrepreneurs through partnerships with both

governmental and private sectors. Over 5,000 members

have already benefitted from the program and efforts

are underway to increase this number by introducing

new services and incentives. Additionally, support will be

extended to over 600 SMEs through “The

Entrepreneurial Nation’ project, and the launch of the

‘Future100’ initiative aimed at supporting the UAE's

vision to develop a knowledge-based economy.

During his participation in the forum, Bin Touq

conducted an inspection tour of the venue reviewing

tenders and contracts offered by federal entities and

national companies. In addition, he held a meeting with

the event partners that include participating entities.

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