Search DubaiPRNetwork.com

Dubai and UAE

Tuesday, June 4, 2024/ Editor

Home >> Business and Economy

Dubai SME and Danube Group Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs

Dubai SME and Danube Group Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs

Home >> Business and Economy

Dubai, UAE – May 30, 2024 – Dubai SME, a subsidiary of the Dubai Department of Economy and Tourism (DET), mandated to develop the small and medium enterprise (SME) sector, and Danube Group, a leading conglomerate in the Middle East, have signed a Cooperation Agreement to diversify the buyer base and expand market opportunities for Emirati-owned SMEs. This strategic alliance seamlessly aligns with the vision of His Highness, Sheikh Mohamed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, and the goals of the ambitious Dubai Economic Agenda, D33 to further consolidate Dubai’s position as a leading global city for business and leisure.

The signing ceremony took place at Danube Properties Headquarters in Dubai, with Rizwan Sajan, Founder and Chairman of Danube Group, and H.E. Abdelbaset Mohammed Al Janahi, CEO of Dubai SME, in attendance.

H.E. Abdelbaset Mohammed Al Janahi, CEO of Dubai SME, commented: 'This agreement with Danube Group is a testament to the unique model of public-private partnerships that define the success of the D33 Agenda, underpinned by the visionary leadership’s commitment to make Dubai the best city to visit, live and work in. It is a significant step towards expanding market opportunities for our SME members, paving the way for notable revenue growth and job creation. By connecting them with private sector buyers and streamlining the tendering process, we are also creating an environment that fosters competition and innovation. We deeply appreciate the continued support from prominent private sector groups like Danube, as we look to further strengthen our ongoing collaboration with stakeholders and partners.

Rizwan Sajan, Founder of Danube Group, stated, 'We are proud to partner with Dubai SME to support the growth and development of small and medium Emirati enterprises in Dubai. Dubai is a hub of opportunities and this agreement is a testament to our ongoing commitment to support and nurture the business community and contribute to the economic growth of Dubai. I would like to take this opportunity to congratulate and thank H.E. Abdelbaset Mohammed Al Janahi and their team.'

Expanding Market Opportunities

This strategic partnership aims to attract private sector buyers from various industries, offering Dubai SME-listed members and suppliers a broader range of tender opportunities. By including private sector buyers, the program opens new avenues for growth and business expansion, enhancing the market reach for Emirati SMEs and fostering economic development in Dubai.

Enhancing Competition

The agreement seeks to increase the number of buyers participating in the program, fostering healthy competition among the Members’ suppliers. This competitive environment will drive innovation, improve quality, and promote efficiency, ensuring that Dubai SME-listed members can deliver top-notch products and services to meet market demands.

Streamlining the Tendering Process

One of the key objectives of the collaboration is to streamline the tendering process for private-sector buyers. The program will simplify the process of posting tenders and evaluating supplier proposals, making it easier for private sector buyers to engage with Dubai SME members. Additionally, it will help SME members understand and comply with the unique requirements and standards of private sector buyers, facilitating smoother transactions and partnerships.

Fostering Partnerships and Collaborations

The partnership will also focus on fostering collaborations between Dubai SME members and private sector buyers. By facilitating networking opportunities, the program encourages the formation of long-term business associations, driving mutual growth and success. These partnerships are expected to lead to innovative solutions and sustainable business practices, benefiting the broader business ecosystem in Dubai.

By supporting Emirati SMEs through initiatives like this, Danube Group is helping to create a thriving business environment that fosters growth, innovation, and sustainability.

 

Share


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

RTA Completes Traffic Upgrades to Improve Connectivity Between Sheikh Zayed Road and Al Khail Road v ...

Dubai Municipality Announces Registration Opening for the Second Edition of the Food Systems Excelle ...

Emirates Aviation University marks 35 years of supporting the local and global aviation ecosystem

Emirates layers on retrofitted aircraft with latest product, including Premium Economy to more citie ...

Music, Maps, and Stories at the Mohammed Bin Rashid Library in July

New SHEGLAM Daydreamer Mini Palette Turns Pocket-Sized into Power Pigment

GEMS Education launches GEMS School Management (GSM) to deliver world-class schools globally; in adv ...

Dubai Airshow 2025 unveils new features as registration opens, promising unmatched experiences on an ...

Passenger Growth Hits 5% in May

João Almeida: Racing for Glory and Riding for the Team

May Air Cargo Demand Up 2.2% Despite Trade Disruptions

Return to Ritual: Celebrate Self-Care Month with BUFARMA Skincare

Dubai Government Human Resources Department organises 2nd Human Resources Forum of 2025 to discuss e ...

Dubai Customs and Dubai Police: A strategic partnership to protect the homeland and to promote stabi ...

Rediscover family shopping days: REDTAG opens its doors in Al Ain

Dubai Culture Launches Open Call for 14th Sikka Art & Design Festival

Summer Restaurant Week Returns This DSS with Over 65 Exclusive Dining Deals Across Dubai

Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and Innovation

Zoho Powers Up CRM for Everyone Platform with AI to Elevate Customer Experience

Media's Role in the Age of Algorithms By HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum