Duration of 6 months.. It aims to train citizen entrepreneurs in cooperation with Korea

A program to build national competencies in the emerging projects sector

The program helps participants benefit from the Korean experience to market their products and innovations.

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Minister of State for Entrepreneurship and Small and Medium Enterprises, Dr. Ahmed Belhoul Al Falasi, affirmed that the UAE, since its establishment, has placed investment in human capital at the forefront of its strategic priorities, as it is constantly working to develop its capabilities and talents, to build promising national competencies, and qualify them to be able to lead a march Future development and the development of the system of national policies and legislation to the highest international levels.

This came during the launching ceremony of the training program for building national specialized competencies for financing small and medium enterprises and government procurement (KSP), in cooperation between the UAE and South Korea, and which comes within the framework of the agreement signed between the UAE Ministry of Economy and the Korean Ministry of Economy and Finance in September last year.

important opportunity

A statement issued yesterday stated that the six-month intensive training program is an important opportunity for all the national participants to make the most of the Korean experience in marketing their products and innovations in the local and foreign markets, and to transfer knowledge on how to overcome the challenges facing the entrepreneurship sector and small and medium enterprises. At the global level, as well as learning about the sector’s success stories in cooperation with government agencies in Korea, and the ways that contributed to overcoming these challenges by providing the necessary support and facilities, including allocating quotas from government procurement to enable companies to achieve the economic growth they aspire to.

enhance competitiveness

The program aims to enhance the competitiveness of the SME sector and entrepreneurship, by creating possibilities that accelerate financing mechanisms and develop a new model for financing small and medium enterprises.

The program will enable more than 15 male and female citizens, representing 12 federal and local entities concerned with the entrepreneurship sector, small and medium enterprises and government procurement, to reach common recommendations that are appropriate to the business environment in the country by benefiting from the Korean experience.

"Fifty Projects"

Al Falasi pointed out the Ministry of Economy's keenness to continue its efforts in cooperation with its partners at the federal and local levels to achieve the goals of the "50 projects", enhance the competitiveness of the business environment in the country, develop the entrepreneurship sector and small and medium enterprises, and increase its contribution to the gross national product.

He said that the program will work to achieve a qualitative leap in this vital sector by transferring knowledge from the Korean experience, which is one of the best international practices. He called on the participants in the training program to make extensive use of the program and enhance their capabilities to contribute to building a new advanced system in the country for project financing. Small and medium.

cooperation

For his part, the head of the Korean team at the KSP Program, Wong Seop Zain, said that the program contributes to strengthening relations and cooperation between the UAE and Korea by providing the best Korean experiences from many Korean authorities and institutions, which confirms the importance of this program in strengthening cooperation relations. Between the two countries.

He added that the specialized training program contributes to the refinement of national skills, by transferring the successful scientific and practical experiences of the entrepreneurship sector and small and medium enterprises in Korea, which it has gone through since 1961 until now, starting with the development of policies, legislation, incentive measures, innovation, manufacturing, advanced technology and the leadership sector. Business and small and medium enterprises.

Goals

The program includes three main objectives, the first is to establish an institutional framework for financing small and medium companies, while the second goal is to strengthen the system of institutions for financing small and medium enterprises, while the third goal focuses on introducing the government procurement system to develop the sector companies.

• 15 male and female citizens representing 12 federal and local entities participate in the program.

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