Negotiations with Emirates Development to provide special financing programs for innovative projects

According to the National Program for Small and Medium Enterprises and Small and Medium Enterprises in the Ministry of Economy, there are consultations with the Emirates Bank for Development to provide special programs to finance and support innovative projects, thus contributing to its establishment and expansion.

Abu Dhabi's Department of Economic Development said that investments in the food industry in Abu Dhabi currently amount to AED 10.4 billion.

Mohammed Al Yousefi, the National Program for Small and Medium Enterprises in the Ministry of Economy, said that there are consultations between the program and the Emirates Bank for Development to provide special programs to finance and support innovative projects, which will contribute to its establishment and expansion.

In a statement to the Abu Dhabi Chamber of Commerce and Industry on the sidelines of a meeting with entrepreneurs and small and medium-sized Japanese entrepreneurs, Al Yousufi said that, according to the law, the Emirates Development Bank is the funding body for the members of the program. Innovative projects to take advantage of the Bank's financing opportunities for the program's members in general. Details and benefits of the innovative projects finance program will be announced soon.

For its part, the Department of Economic Development in Abu Dhabi revealed that the volume of investments in the food industry in Abu Dhabi is currently 10.4 billion dirhams, of which 9.4 billion dirhams already exist, and the rest worth 1 billion dirhams projects under implementation, explaining that the number of licenses issued by the Department of Economic Development in the industry Food and Agriculture Minister of the United Arab Emirates (UAE), Mohammed Al-Hammadi, said during a presentation at the Abu Dhabi Chamber of Commerce and Industry (ADCCI) to a delegation of Japanese food companies.

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) yesterday organized a business meeting with a group of entrepreneurs and small and medium-sized Japanese entrepreneurs.

In his address to the meeting, Deputy Director General of the Chamber, Hilal Al-Hamli, said that Japan is the sixth largest trading partner of the UAE in the world, the fourth largest exporter and 15th in terms of importing countries from the UAE. The UAE is now Japan's second-largest oil supplier, one of the largest exporters of LNG and aluminum, and Japan is the third largest importer of the Emirate of Abu Dhabi.