SHUAA Capital Launches Covid Support Package for UAE Technology SME’s

SHUAA Capital Launches Covid Support Package for UAE Technology SME’s

SHUAA Capital, an asset management and investment banking platform in the region, announced it will provide free expert advisory services and interest-free loans through regulated partners to support UAE-based small and mid-sized technology enterprises (SMEs) that have been directly impacted by COVID-19.. SHUAA's regulated partners will provide the interest-free loans, while SHUAA sector experts in manufacturing, logistics, construction, healthcare, travel and tourism, retail and real estate will offer free advisory services.. To be considered for the support, the tech SMEs need to be active and demonstrate how they have been impacted by COVID-19.. Companies interested in learning more about the support package should contact [email protected] .. Small and mid-sized technology companies are an integral part of the UAE's economy and society and will spearhead our country's post COVID-19 economic recovery.. Our support package will help empower those firms to continue to create innovative products and services in key sectors for our nation.". According to the UAE Ministry of Economy, SMEs represent more than 94 per cent of the total number of companies operating in the UAE, employing about 86 per cent of the country's private sector workforce and generating 52 per cent of the non-oil GDP..