Dubai SME provided $46mln worth of incentives in 2019 – ZAWYA

Dubai SME provided $46mln worth of incentives in 2019 – ZAWYA

Dubai SME provided $46mln worth of incentives in 2019 | ZAWYA MENA Edition HomeEconomyGCCArticleDubai SME provided $46mln worth of incentives in 2019 The past year saw 3,871 Emirati entrepreneurs benefit from the start-up advisory services of Dubai SME    DIFC announces Presidential Directive which seeks to help limit the impact of the COVID-19 situation and provide greater protection for companies and employees, effective from April 21, 2020 until July 31, 2020. Image courtesy Dubai Media Office Twitter handle.DUBAI: 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 the 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 increased to 38,565 by the end of 2019.The past