«Enterprise Development» supports the launch of 11,000 start-up companies within 20 years

Over the past 20 years, the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, one of the institutions of the Department of Economy and Tourism in Dubai, has been able to establish an ideal competitive environment that supports entrepreneurship, build projects and launch successful innovations, as it contributed to the launch of more than 11,000 startup companies in various sectors and urged Citizens and push them towards entrepreneurship and contribute to sustainable national economic development.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development in 2002, to spread the culture of entrepreneurship in Dubai and enhance the emirate's position as a global center for entrepreneurship.

Over the past 20 years, the Foundation has been able to stimulate innovative ideas and provide them with the necessary support to develop into successful projects, in addition to attracting companies and entrepreneurs from all over the world who are looking for the best destination to test and develop their innovations.

The initiatives and programs launched by the Foundation contributed to attracting talent and investments in new technologies, industries and services.

Over the past two decades, the Mohammed bin Rashid Establishment for Small and Medium Enterprises has directed and mentored more than 45,000 entrepreneurs, and the Dubai Entrepreneurship Academy, the educational arm of the Foundation, has trained more than 39,000 people in various disciplines related to the development and development of start-ups, preparing them for success. A future in the UAE's knowledge-based economy.

The Foundation also provided loans worth 221 million dirhams to many small and medium companies, in addition to providing and facilitating procurement contracts worth more than 8.5 billion dirhams within the framework of the government procurement program.

Hilal Saeed Al Marri, Director General of the Department of Economy and Tourism in Dubai, said: “The most prominent achievements of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development are to support and encourage individuals, especially young people and ambitious people, to pursue a career path in the field of entrepreneurship, and enable them to overcome the challenges of creating their own projects. .

The keen focus of the wise leadership on reforming policies and enacting legislation to create more economic opportunities has contributed to increasing the confidence of entrepreneurs, companies and investors who support them.

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