According to the Economic Impact Report for the period from 2007 to 2019
The Khalifa Fund provides financing of 1.3 billion dirhams to 1168 projects
The fund contributed to creating 15,000 new jobs.
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The Khalifa Fund for Enterprise Development published a report on the economic impact of the fund during the period from 2007 to 2019, and the reflection of its programs and initiatives on the national economy and the country's domestic product.
The report showed that the fund contributed to the creation of 15,000 new jobs in the local market, while it provided about 1,168 active loans with a cumulative total of 1.32 billion dirhams, in addition to helping 152 projects to export to all parts of the world, and the establishment of 6% of Emirati companies in the corporate sector. SMEs, and a total investment return of 15.5%.
The Acting CEO of the Fund, Moza Obaid Al-Nasiri, said that the report represents an accurate depiction of the impact of the Fund's operations stemming from its responsibility as a main financier to support small and medium enterprises in the UAE, through the positive effects of those funds on the national economy, taking into account the importance of the contribution of the sector Small and medium businesses are a vital core part of the overall economic landscape.
She pointed out that the small and medium enterprises sector represents about 98% of the companies in the country, and contributes 29% of the national GDP, and 44% of the non-oil economy, stressing that the funded projects have achieved remarkable success at the local and global levels, in terms of financial returns. economic growth, and creating new job opportunities for citizens and residents alike.
She added: “The efforts of the Khalifa Fund have left a long-term impact, which is reflected in the continued success of the projects we have supported.
We are proud to support a large and diverse group of talented Emirati entrepreneurs through strategically studied and tailored financial loans, and we pledge our commitment to ensuring that the UAE becomes an attractive global incubator for entrepreneurial projects looking for an opportunity for growth.”
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