Sharjah: NAMA Women Advancement Establishment (NAMA) has signed a Memorandum of Understanding (MoU) with Sharjah Media City (Shams) to support women-owned businesses across Sharjah through focused data collection that will aid in studies to advance women’s economic activities in the emirate.

The data, thus collected, will contribute to the development of tools, processes and systems to bolster the business sector, in general, with special emphasis on women-led projects, in line with Sharjah’s commitment to make the best use of its resources and ensure women’s full participation in the economy.

HE Reem BinKaram, Director of NAMA, and HE Dr. Khalid Omar Al Midfa, Chairperson of Shams, signed the MoU which stipulates the commitment of both parties in supporting women’s businesses in Sharjah and develop mutual plans to promote the emirate’s economic activities at the national and international levels.

According to the terms of the MoU, NAMA and Shams will support economic projects through incentives such as reduced charges on trade permits in a bid to attract businesswomen to invest in the emirate. They will also conduct studies on women’s economic activities to develop the tools, systems and processes to drive investment efforts. 

Under the terms of the agreement, members of the Sharjah Business Women Council (SBWC), an affiliate of NAMA, will be apprised of challenges and opportunities in the current economic scenario, and advised on ways to scale up their members’ businesses for greater sustainable growth.

The collaboration between NAMA and Shams will also include hosting workshops for women entrepreneurs to raise awareness on the local and regional labour markets to pave the way for successful commerce. Home-based entrepreneurs will be educated on the importance of obtaining trade permits and receive instructions on how to get one.

The two entities will also organise joint promotional exhibitions, panel discussions, and investment and economic conferences to advance women’s economic activities in the emirate. Relevant data will be made available to all entrepreneurs who desire to open a start-up or expand their business in Sharjah.

HE Dr. Khalid Omar Al Midfa noted that through the provision of innovative facilities and services for businesses, Shams serves as a catalyst for creative entrepreneurs to grow and thrive. Shams’s quest to be a world-class media hub has seen it strengthen partnerships with local entities, he added.

Midfa lauded the strategic partnership with NAMA as an initiative that will boost the entrepreneurial landscape for women. To attract women-led SMEs and businesses, Shams will offer full support to register women’s projects and grant them permits. He underlined that enabling women’s economic empowerment and giving women opportunities to take their aspirations to new levels will enhance investment across sectors, thereby stimulating and nurturing Sharjah’s economy.

HE Reem BinKaram emphasised that the MoU aligns with NAMA’s goals of amplifying women’s role in economic and social sectors. By encouraging policies that support the projects and businesses of women entrepreneurs, NAMA seeks to create equitable opportunities for women in the economy, she said.

“The MoU reflects NAMA’s quest to offer women an empowering environment across all its affiliates - Sharjah Business Women Council (SBWC), Irthi Contemporary Crafts Council (Irthi) and Badiri Education and Development Academy (Badiri), by providing them with access to all services, knowledge and resources to foster their skills and capacity and propel their participation in the UAE’s socioeconomic development process,” she added.


© Press Release 2020

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.