Meets Ministry of Economy and the German- Emarati Joint Council for Industry and Commerce
Mohammed Bin Rashid Establishment for SME Development (MBRE), an agency of the Department of Economic Development in Dubai, organized a meeting with the German - Emarati Council for Industry and Commerce and Ministry of Economy to highlight MBRE's five-year plan and the important initiatives associated with the growth of small and medium enterprises in the country.
His Excellency Abdul Baset Al Janahi, CEO MBRE for SME Development, said: "The meeting was important in reviewing the latest developments in the small and medium business sector, and in learning learn about the opportunities available in Dubai and UAE, and the best practices in the field."
"We evaluated the best SME practices during our visit to Germany and the policies which drive these practices. We have reviewed the performance of the SME sector in Dubai in line with our commitment to further enhance the sector by exchanging expertise and information," he added.
Mr. Alexander Williams, Director of Strategy and policy, represented MBRE and presented a paper on the results of the growth recorded in small and medium businesses. Other related topics including the partnership with the German - Emarati Council for Industry and Commerce, and how can they work towards promoting SME growth were discussed.
Mohammed Bin Rashid Establishment for SME Development, has also signed a MoU with the German - Emarati Council for Industry and Commerce to enhance cooperation in various aspects related to SMEs.
-Ends-
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 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.
About the Young Entrepreneurs Competition 2010
Under the patronage of H. H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, the Mohammed Bin Rashid Est. for Small & Medium Enterprises Development launched the Young Entrepreneur Competition 2010 in its 6th Edition. The four day event brings together students from different private and public High schools, Colleges & Universities across the UAE, who will set up their stands and sell their products in a competitive environment. The competition aims at educating students on the basic principles of starting and operating a private business, and to inspire the students to become entrepreneurs in the future by creating a simple entrepreneurial environment.
For more information, please contact:
Nedal Al Asaad
Nizar Aridi,
ASDA'A Burson-Marsteller
Tel: (+971 4) 334 4550;
Fax: (+971 4) 334 4556
E-mail: n.alasaad@asdaa.com
E-mail: n.aridi@asdaa.com
© Press Release 2010
