Sameh Awadallah - Dubai:
Dubai Economic decided to postpone the installments of beneficiaries in the Mohammed Bin Rashid Fund to support medium and small projects for a period of 3 months, stressing that this step comes in light of recent global events and the effects of the crisis of the spread of the Corona virus (Covid 19) on the economy.
The fund supports Emirati youth on the right path to obtain appropriate financing for their projects, as it aims to support small and medium enterprises and finance innovative projects.
The Dubai Economy indicated that the impact of the crisis associated with (Covid-19) disease on small and medium-sized companies requires taking the necessary steps to confront, calling on all parties in society to provide the necessary support to overcome the crisis.
The Mohammed bin Rashid Fund for Enterprise Support owns a team of experts and consultants who specialize in supporting small and medium enterprises to prepare and guide Emirati business leaders towards the best ways to obtain financing. A committee is also branched from the fund, which is charged with assessing the project's readiness to finance. It also works to support and finance citizens' projects, provide various financing solutions, and monitor the commitment of the owners of projects that receive support from the fund according to the approved system, by studying the reports submitted by them and field visits, as well as reviewing and providing the necessary consultations regarding the feasibility study and work plan prepared from Before the applicant.