12 September 2007
Dubai: Ahmad Humaid Al Tayer, chairman of Emirates Bank and chairman of the Supreme Committee of Al Tomouh scheme for small businesses, has inaugurated two new enterprises - My vision Engineering Consultants and Nasser Mal Allah Advocates & Legal Advisors.
The establishment of the two firms was financed by Al Tomouh with a capital of Dh700,000 out of Dh35 million, the total finance amount of the scheme.
Al Tayer said that through these two projects, the proportion of the financed projects in the services sector has reached to 67 per cent.
Al Tayer added that the Al Tomouh scheme is keen on utilising the economic boom witnessed by the emirate of Dubai in particular and the UAE in general.
Needs
The scheme is keen on identifying the market needs of the sectors which are short on localisation on the bases that one of the targets of Al Tomouh Scheme is to finance national enterprises such as advocates offices, which were in need of UAE nationals.
Statistics confirmed that the entry of 92 projects to the local economic market through the Al Tomoh Scheme is considered as a sizeable number.
This will be doubled by the scheme in the coming years due to the expertise gained in the process.
This is another evidence of the success of Al Tomoh Scheme in meeting the young male and female people' ambition and investing their capabilities in constructive projects.
By Staff Reporter
Gulf News 2007. All rights reserved.
