A Dubai government organisation that promotes small and medium entre-preneurship (SME) is discussing collaboration with Singapore's SME sector, officials said.
The Mohammad Bin Rashid Establishment for Young Business Leaders held talks with a delegation from Singapore comprising representatives of trade and business enterprises on possibilities of future cooperation.
More than 80 per cent of Dubai's 75,000 businesses fall within the SME category.
Walid Hareb Al Falahi, chief executive of Dubai Consultancy, a member of the Establishment, said, "The Singaporean model is very similar to ours, therefore a strategic alliance will add value for several reasons."
Ali Al Shafar, Business Centre Manager at the Establishment said: "We want to explore the possibilities of collaboration with Singapore since we share the same objective of developing national businesses."
Lou Sien Chi, chief executive of Little Red Dot said: "We welcome every initiative which encourages collaboration between Singapore and the UAE in general and Dubai in particular.
"We are confident that this collaboration will benefit both sides since the SME sector plays a crucial role in catalysing the economic growth in both countries."
"Singapore has rich experience in the small and medium entrepreneurship sector so this collaboration can form a good basis for the exchange of knowledge and experience that would further strengthen the relations and cooperation between the UAE and Singapore," Lou Sien Chi said.
The delegation from Singapore was introduced to the services and facilities provided by the Mohammad Bin Rashid Establishment to support the SME sector in the UAE.
The Mohammad Bin Rashid Establishment for Young Business Leaders is an initiative of the Dubai Development and Investment Authority, aimed at supporting Dubai's SME growth.
Gulf News
