UAE Business: UAE’s MoE launches ‘ScaleUp Export’ SME initiative – Gulf Digital News

UAE Business: UAE’s MoE launches ‘ScaleUp Export’ SME initiative – Gulf Digital News

The UAE has launched ‘ScaleUp Export’ to support the capacity of the country’s SMEs (small and medium enterprises) to promote their exports and enhance access to global markets.

UAE’s Ministry of Economy (MoE) has collaborated with UPS, a global logistics and shipping company, to start the initiative under the Entrepreneurial Nation which was launched by the Ministry in November 2021.

Abdulla bin Touq Al Marri, Minister of Economy, said that the UAE, based on the vision of its wise leadership and in line with the ‘Principles of the 50’, continues its efforts to advance the leadership sector and support SMEs, given its role as a key pillar for building a future knowledge- based economy, innovation, diversity, and competitiveness.

Rapid growth of SMEs

“The MoE, in partnership with various relevant federal and local government entities and in cooperation with the local and international private sector, is working to provide all possibilities for prosperity of entrepreneurship and rapid growth of SMEs that enhance their contribution to the growth of the national economy,” he added.

Al Marri explained: “The past phase saw the launch of a distinct set of initiatives and programmes under the umbrella of the ‘Entrepreneurial Nation’, which aims to bring about a qualitative shift in