Search DubaiPRNetwork.com

Home >> Banking & Investments

Khalifa Fund grants Emirati Entrepreneurs Association with financial and technical support

Khalifa Fund grants Emirati Entrepreneurs Association with financial and technical support

Saturday, June 22, 2019/ Editor -  

Share

Home >> Banking & Investments

Abu Dhabi, 22 June 2019:  The Khalifa Fund for Enterprise Development (KFED) has recently awarded the Emirati Entrepreneurs Association (EEA) with a package of quality support programs, including financial and technical support, to be used for Emirati entrepreneurs’ skills and capacity development and creation of a suitable environment where their business projects could flourish.

Mouza Al Nasri, Acting Chief Executive Officer at Khalifa Fund, said: “We consider the Emirati Entrepreneurs Association our strategic partner. We vow to cooperate and work with the Association to promote entrepreneurship and the small and medium enterprise (SME) sector in the country.”

Al Nasri said that the KFED provides various forms of support to the Emirati entrepreneurs such as facilitating their participation in local and international exhibitions and forums as well as giving them exemptions and priority in government procurement processes. The Fund also supports its beneficiaries with access to consultation services and advanced training programs to help them enhance their business abilities and sharpen their skills to resolve challenges every step of the way, from conception to execution of their projects and beyond.

Al Nasri met with Sanad Al Meqbali, Chairman of the Emirati Entrepreneurs Association, in the presence of Khaled Al Fahim, Secretary of the Association, and the Fund’s other senior officials. During their meeting, Al Nasri underscored that communication and cooperation between the two parties are vital to provide the SME sector in the UAE with the best services. She also assured that the organization would work to convey the opinions, suggestions, concerns, and needs of UAE entrepreneurs to concerned federal and local entities. 

She added: “We will continue our close coordination and collaborations with government entities in Abu Dhabi and the UAE, which demonstrates our continuing support for the SME sector in particular and the country’s economy in general. Through these collaborations, we look towards providing an attractive and positive environment where businesses can thrive accordingly. This is in line with our understanding that SMEs are one of the core pillars of this country’s stable and sustainable economic development.”

Al Meqbali thanked Khalifa Fund for the financial and technical support it provided for the Emirati Entrepreneurs Association, saying that it will enable the Association to efficiently implement key initiatives aimed at enhancing the culture of entrepreneurship in the country and empowering local entrepreneurs. Al Meqbali noted that they have been able to implement many successful and influential initiatives and programs despite its limited financial resources. 
Al Meqbali explained that the EEA aims to attract aspiring young UAE entrepreneurs as it encourages them to initiate quality projects with strong economic impact across various fields.

He also pointed out that the Association’s main objective is to provide technical, administrative, and advisory support to entrepreneurs through offering them a range of training courses to develop their abilities. 

Also, he said that the EEA seeks to develop the local SME sector by strengthening its relations with the public and private sectors and helping unify their efforts to improve the level of non-financial support to entrepreneurs.

The Emirati Entrepreneurs Association was officially registered in 2014 with support from Khalifa Fund to help encourage and coordinate joint efforts across local entrepreneurs and SMEs, including the adoption and implementation of innovative initiatives and activities.

The Association helps identify and address the needs of UAE SMEs, which are considered the backbone of the national economy.


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Step Up Your Fashion Game with the Sleek HONOR MagicWatch 2

Le Meridien Al Aqah Beach Resort Brings Flavours From the World Over

SentinelOne Announces $200M Series E

Ericsson's 5g Platform Adds Unique Core and Business Communication Capabilities

Tag Heuer Opens Boutique at Mall of the Emirates

UAE Team Emirates' Stars Surprise Abu Dhabi School Children Ahead of UAE Tour

Simona Halep Survives a Thriller At Dubai Duty Free Tennis Championships

Arla Foods Introduces Baby&Me Organic Products to UAE Market

AnadoluJet Serves UAE and Beyond with its New International Flights

Lacnor Releases New Dairy Products in Support of Healthy Living

Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary

Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of ...

Genetec Introduces Security Center for Airports to Unify Airport Security and Op ...

Schneider Electric's Secure Power Division Celebrates an Award-Winning Year in 2 ...

Move Up in Life With Snowhite's Latest Fashion Destination in Abu Dhabi

Spoil her this Mother's Day with gifts from Marks & Spencer

Enjoy a Selection of Anti-Aging Products from Beauty Solutions

How to Beat Pigmentation with DERMAdoctor

HostMilano Brings the Global HO.RE.CA to Dubai

Visit of Punjab Minister at Al Maya Stand @ Gulfood 2020