8.4 billion in support provided to entrepreneurs since the establishment of the Enterprise Development Foundation until the end of 2021

Hamdan bin Mohammed: Dubai pays great attention to the small and medium enterprises sector

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A report issued by the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, one of the institutions of the Department of Economy and Tourism in Dubai, showed that the total value of government procurement contracts for the members of the corporation, including Emirati entrepreneurs and owners of national companies, reached 8.4 billion dirhams, since the establishment of the Corporation in 2002. Until the end of 2021, with the contribution of 69 supporting bodies from local, federal, semi-governmental and private government agencies.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, affirmed that "the Dubai government has put the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum into practice and has given this sector great attention, through the Government Procurement Program, which is an opportunity It is unique for local startups and entrepreneurs to gain confidence through competition among themselves, and to prove their success in converting innovative ideas into viable projects in various sectors,” he said, noting the increasing number of government and private agencies that support entrepreneurship in the Emirate of Dubai.

leading businesses

His Highness the Crown Prince of Dubai praised the vital role of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development in promoting entrepreneurship and the growth of emerging companies during the past two decades. Since 2002, the Foundation has been able to support small and medium companies in Dubai and provide a comprehensive ecosystem capable of creating opportunities New opportunities for citizens, revitalizing the economic movement, and enhancing the emirate’s position as a global center for entrepreneurship, an attractive environment for people with creative ideas, and a title for entrepreneurship that contribute to achieving qualitative successes for the diversified and sustainable national economy.

His Highness said in a tweet on Twitter yesterday: "Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, we are keen in Dubai to provide all support to small and medium enterprises and emerging Emirati projects... since the launch of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development two decades ago, The Foundation provided support to Emirati entrepreneurs with a value of 8.4 billion dirhams.

His Highness added: "During 2021, government purchases from the Foundation's members amounted to about 912 million dirhams, and we thank 69 local, federal, semi-governmental and private entities for their keenness to support these ideas, projects and emerging companies, which enhances the entrepreneurship sector in Dubai, and contributes to achieving diversity and national economic sustainability. ».

Supporting entities

The report showed the benefit of 362 national companies in the field of procurement, with a number of contracts exceeding 16,934 contracts, with the various entities supporting the government procurement program in the Corporation. The procurement and supplies diversified to include various sectors, where the commercial sector accounted for 83% of the purchases of the supporting parties, followed by the professional sector. by 13%, and the industrial sector by 4%.

main role

Hilal Saeed Al Marri, Director General of the Department of Economy and Tourism in Dubai, praised the achieved results, which reflect the continuity of efforts made by all government, semi-governmental and private agencies, in contributing to the development of entrepreneurship and supporting members of the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development, within the government procurement program.

Al Marri said: “Small and medium enterprises are considered one of the most important tributaries of economic and social development in any country, as they play a major and vital role in developing the economy and developing human and material resources, especially since many successful huge companies, which exist today in most countries of the world, were basically their nucleus. Individual ideas and small projects.

He called on all entities included in the government procurement program to continue stimulating the performance of the small and medium enterprise sector at the level of the Emirate of Dubai and the Emirates in general.

Promote growth

For his part, the Executive Director of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, Abdul Baset Al Janahi, said: “The Dubai Government Procurement Program provides small and medium-sized companies, which represent more than 30 diverse sectors, the opportunity to develop and grow their businesses, by supplying the needs of entities affiliated with the Government of Dubai. of contracts and purchases.

The report indicated that the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development supported its members in the Government Procurement Program with a total of 921.6 million dirhams during 2021, an increase of 3%, compared to 2020, when the value of the support reached 896.7 million dirhams.

Expo 2020 Dubai topped the list of local government support agencies in the Emirate of Dubai for owners of national projects with a value of 161.7 million dirhams, followed by the Dubai Roads and Transport Authority with a value of 95.2 million dirhams, the Dubai Municipality with a value of 44.2 million dirhams, the Dubai Health Authority with a value of 36.5 million dirhams, and the Electricity and Water Authority Dubai, with a value of 24.5 million dirhams.

To view the procurement and supply sectors and the five most prominent supportive bodies for the members of the institution,

Dubai Crown Prince:

• “We thank 69 local, federal, semi-governmental and private entities, for their keenness to support these ideas, projects and emerging companies.”

• “During 2021, government purchases from members of the Foundation amounted to about 912 million dirhams.”

• «The program is a unique opportunity for entrepreneurs to transform innovative ideas into viable projects in various sectors».

84.7 million dirhams

Entities affiliated with the federal government contributed to supporting the Government Procurement Program with a value of 84.7 million dirhams, most notably the Emirates Foundation for Health Services, through purchases and contracts worth 35.6 million dirhams, and the Ministry of Human Resources and Emiratisation with a value of 3.43 million dirhams, and other entities.

204.9 million dirhams

Semi-governmental agencies contributed to the support of the members of the program with a value of 204.9 million dirhams, most notably the Emirates Aircraft Catering Group, with purchases and contracts worth 52 million dirhams, followed by Wasl Real Estate with a value of 33.5 million dirhams, and the volume of support for the Emirates Group is estimated at 29.2 million dirhams, and other entities.

169.9 million dirhams

The private sector contributed to supporting the members of the program at a value of 169.9 million dirhams, most notably the Union Coop, with purchases and contracts worth more than 121.5 million dirhams, followed by “Majid Al Futtaim Hypermarkets” with a value of 18.3 million dirhams, and “Emaar” with a value of 16.4 million dirhams, and other entities.

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