Dubai SME helped 3,871 Emirati entrepreneurs

Dubai SME helped 3,871 Emirati entrepreneurs

DUBAI / WAM

Dubai SME, the agency of Dubai Economy, mandated to develop the small and medium enterprise (SME) sector and entrepreneurship continued to expand and diversify its advisory and support programmes in 2019 with an added emphasis on enhancing SME competitiveness and strengthening Dubai as a hub of innovation and entrepreneurship. The past year saw 3,871 Emirati entrepreneurs benefit from start-up advisory services of Dubai SME, with nearly AED 170 million of exemptions and incentives to launch and grow businesses in diverse sectors. Overall, local entrepreneurs received over AED630 million worth of incentives and support from Dubai SME since its inception in 2002. The total number of Emirati entrepreneurs supported to date by Dubai SME also rise to 38,565 by 2019-end. The value of contracts facilitated by Dubai SME to its registered, qualified members as part of Government Procurement Programme (GPP)“ˆhit AED973 million in 2019. Since its inception, Dubai SME facilitated AED5.67 billion worth of contracts for its members under GPP, from government, semi-government and private entities.

Abdul Baset Al Janahi, CEO of Dubai SME, stated that 2019 was a challenging but remarkably successful year for Dubai SME in its efforts to align with the diverse SME capabilities and entrepreneurial talent