It is very clear that the UAE government is interested in young entrepreneurs, and in their small and medium-sized enterprises. The recent ministerial formation, through which a Minister of State was appointed for entrepreneurship and small and medium enterprises, which calls for optimism for a promising future and a better situation for these small projects.
Supporting small and medium enterprises and establishments comes at the top of the priorities of the governmental work agenda, as it represents a major pillar for advancing the national economy in the future. Therefore, the current work system must focus on taking concrete steps to find practical solutions to all the challenges of entrepreneurship and enhance the mechanisms of stability and prosperity in Various vital sectors in the country.
There are a lot of initiatives, and a lot of local and federal entities concerned with entrepreneurs, and as far as this is a positive advantage, but it did not achieve the aspirations of citizen entrepreneurs, who feel mostly lack of support, the dispersion of efforts, and different standards, so the next stage requires coordination of these Efforts and organization of work in a way that ensures direct return to raise the level of these small and medium enterprises.
Citizen entrepreneurs, their requests are clear, direct, and limited. They want the first Ministry of Entrepreneurship and Small and Medium Enterprises in the country to support these projects, work to remove the obstacles they face, and help stimulate the economy as a whole.
They also have necessary and urgent demands, they wish to speed up their activation, which is to raise the proportion of government purchases from small and medium-sized companies to 50%, and establish a fund to support the defaulters, during the "Coffed-19" crisis, in addition to collecting and directing all funds and institutions for financing and supporting projects in Various emirates of the country, under the umbrella of the new ministry.
They also want direct support for important sectors of entrepreneurship that do not receive attention, temporarily reduce the prices of telecommunications, water and electricity for these projects, in addition to establishing a procurement platform for small companies, creating an easy and effective mechanism to finance new projects, as well as obtaining priority in tenders, and facilitating procedures Incorporation, with reduced fees for doing business.
There is absolutely no doubt that the next stage is completely different. The presence of a successful, energetic and interested young minister will positively reflect on the situation of Emirati businessmen and the situation of small and medium enterprises, and he will undoubtedly work to achieve their aspirations and requirements in a tangible way, which they really feel on the ground.
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