Dubai unveils initiative to accelerate global expansion of SMEs

Dubai unveils initiative to accelerate global expansion of SMEs

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has launched the ‘Dubai International Growth Initiative’, allocating $136 million (AED500 million) to accelerate the expansion of small and medium-sized enterprises (SMEs) established in Dubai into global markets. The new initiative was launched by the Government […]HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has launched the ‘Dubai International Growth Initiative’, allocating $136 million (AED500 million) to accelerate the expansion of small and medium-sized enterprises (SMEs) established in Dubai into global markets.

The new initiative was launched by the Government of Dubai in partnership with Emirates National Bank of Dubai (Emirates NBD). Open to all SMEs founded in Dubai, irrespective of the nationality of the owner, the initiative is designed to empower businesses to expand internationally. The initiative will focus on key strategic sectors of the emirate.

Sheikh Hamdan underscored Dubai’s pivotal role in the global economy and its leading position as an international hub for business and trade.

Sheikh Hamdan bin Mohammed bin Rashid Al MaktoumCrown Prince of Dubai & Chairman of Dubai Executive Council

“Guided by the vision of His Highness Sheikh