Page 374 - Ministry of Economy - December 2017

12/25/2017 MoE, Dubai SME sign cooperation pact | GulfBase.com

MoE, Dubai SME sign cooperation pact

06/12/2017 05:53 AST
The Ministry of Economy and the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development
(Dubai SME), have signed a cooperation agreement to boost the competitiveness of the country’s entrepreneurship
sector, as well as train national entrepreneurs and raise their capacities.

The signing of the agreement was attended by Sultan Bin Saeed Al Mansouri, Minister of Economy, and Sami Al Qamzi,
Director-General of the Dubai Department of Economic Development. The agreement was signed by Mohammed
Ahmed Bin Abdul Aziz Al Shehhi, Ministry Under-Secretary for Economic Affairs, and Abdul Basit Al Janahi, Executive
Director of Dubai SME.

The signing of the agreement is the completion of the exerted efforts of the Ministry of Economy and the Council of
Small and Medium-Sized Enterprises and Projects, SMEs Council, which aim to create positive partnerships with various
relevant federal and local authorities concerned with the development of a local entrepreneurship environment, to
promote entrepreneurship and support the country’s development goals, as part of the UAE Vision 2021.

Al Mansouri said that the Ministry and the SMEs Council have placed building and raising the capacities of the country’s
entrepreneurs on the top of their priorities, due to the importance of this vital sector that represents the cornerstone of
economic diversification and sustainable development, which the UAE is working on to promote its principles.

Al Qamzi highlighted the importance of the agreement in encouraging innovative thinking among UAE nationals, by
training them and raising their awareness about the latest developments in entrepreneurship. He added that SMEs are
the backbone of both Dubai’s economy and the UAE’s economy while pointing out that the department is adopting a
clear policy, which aims to support and develop SMEs.

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