Abu Dhabi: The Khalifa Fund for Enterprise Development (KFED) is throwing the spotlight on four local projects during its participation in the 13th edition of Al Dhafra Festival, which aims to highlight the rich culture and heritage of the UAE and the Arabian Peninsula. The Fund is also showcasing the diverse portfolio of locally handcrafted products under the social initiative, ‘Sougha Establishment.’
KFED's presence at the annual event, which is being held at Madinat Zayed in Al Dhafra, Abu Dhabi, under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, falls in line with its commitment to instill a culture of entrepreneurship and innovation while also promoting freelancing and empowering Emirati-owned small and medium enterprises (SMEs) to play a lead role in the UAE's socio-economic growth.
Meanwhile, the ‘Sougha Establishment’ is exhibiting a wide range of its handcrafted products, which reflects the Establishment’s mission to increase knowledge and awareness about the country’s national heritage by preserving its traditional crafts and enabling Emirati craftsmen to transform their skills into jobs with a sustainable source of income.
Mouza Al Nasri, Acting Chief Executive Officer, KFED, said: “We are taking part in this year's Al Dhafra Festival to give projects we support the opportunity to access local markets, promote their products and enhance their income resources. Our participation complements our vision and strategy to support entrepreneurship in the UAE, instill a culture of self-employment and establish successful SMEs that can contribute to the fast-growing national economy.”
Al Nasri further highlighted the importance of taking part in leading festivals and events like Al Dhafra Festival, which helps entrepreneurs and SME owners in addressing challenges that they are facing in the business market through the creation of ideal opportunities for them, including the ability to communicate with decision makers, experts and stakeholders across various vital sectors and enabling them to reach their target audience to achieve the desired success and sustainability.
Among the KFED-supported projects are being showcased at the Al Dhafra festival is the ‘Bawabt Liwa Food Industries,’ which was founded in 2015 by Emirati entrepreneur, Humaid Al Zaabi, to specialize in the production and distribution of spices, legumes, nuts, and dry fruits, among others. The Fund is also exhibiting ‘Sugar Art Sweets’ project, which is owned by Ali Al Jenaibi and founded in 2016 to produce a large selection of modern sweets that suit all tastes.
Also being highlighted are other projects like the ‘Liwa Dates Food Industries,’ a national factory owned by Mohamed Al Mazrouei that manufactures all types of date products and provides packaging services for farmers around the UAE, besides helping them market their products more effectively and ‘Gracia Farm for Agricultural Crops’ of Hamed Al Hamed, a hydroponic agriculture endeavor that utilizes the latest technologies to produce high-quality agricultural crops and products, representing the first model of a global farm and providing sustainability through production, construction and education.
Al Dhafra Festival 2019 serves as a link between different generations to revive the Emirati heritage in an era of globalization and openness to other nations’ cultures and civilizations. The festival also features numerous events including daily camel beauty contests known as ‘Camel Muzayana,’ the ‘Traditional Souq,’ the ‘Pure-bred Arabian Horse Race,’ the ‘Falcons Muzayana,’ the ‘Falcon Hunting’ competition, the ‘Arabian Saluki Muzayana,’ the ‘Arabian Saluki Traditional Race’ championship, the ‘Al Naiim Sheep Muzayana,’ the ‘Dates Packaging’ competition, poetry contests, workshops for kids at the Children’s Village and many more.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.