| 05 Sep 2010 |
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Business Village leases over 65% of space to public and private sector firms
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Around 1,500 employees work in the modern business environment specializing in many areas
Dubai, September 5, 2010: "The Business Village," a project of Mohammed Bin Rashed Establishment for Small and Medium Enterprises MBRE, an agency of Department of Economic DevelopmentDepartment of Economic Development
DEDDED, has announced leasing more than 65% of its space to public and private sector companies. Abdul Baset Al Janahi, CEO, MBRE, said: "There is an increasing demand by business leaders, companies and institutions to join the Business Village and to run their operations in the modern business environment. These organisations signal the evolution of an integrated economic community representing all sectors of the economy. The Business Village offers a new concept to boost business by providing an ideal growth platform that allows entrepreneurs to form strategic partnerships and take advantages of advisory services and training courses".
"The companies and institutions currently operating in the Business Village, include small and medium enterprises with various activities such as: general trading, travel agencies, consulting engineering, real estate, law, banking and finance, restaurants, mini markets, cafes, and others. The Business Village also hosts a number of global corporations as well as the German Business Council in Dubai and the UAE Ministry of Foreign Trade. A number of government organizations are also planning a move to the Village including the Department of Economic DevelopmentDepartment of Economic Development, Foreign Investment Office, Dubai Shopping Festival and Dubai Export Development Corporation," added Ahmed Al Hashemi, Deputy Director in Business Village.
The Business Village is an ideal location for entrepreneurs to undertake their business in the most professional manner, and provides a comprehensive infrastructure including the choice to choose "du" and Etisalat for their telecom needs. The Business Village also provides business centers facilities including conferences and meeting rooms in addition to other facilities.
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About Mohammed Bin Rashid Establishment for Small and Medium for SME Development:
In September 2009, His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai issued Law No.23 of 2009 concerning the Mohammed Bin Rashid Establishment for SME Development, one of the Department of Economic DevelopmentDepartment of Economic Development
establishments, recently renamed the Mohammed Bin Rashid Establishment for Young Business Leaders. The new law confirms the commitment of Dubai Government to support the development of SMEs sector.The law defines the goals and responsibilities of the establishment. Given that SMEs include 98.5% of registered business in Dubai, with 61% of the work force working in this sector. The law aims to strengthen Dubai's position as a centre for entrepreneurship and enterprise development based on innovation and intellectual property.
For more information, please contact:
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ASDA'A Burson-Marsteller
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Fax: (+971 4) 334 4556
E-mail: n.alasaad@asdaa.com / n.aridi@asdaa.com
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