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|16 December, 2018

Meraas and Dubai SME launch Al Seef SME District

The innovation hub seeks to nurture talent across diverse sectors including design, fashion, F&B and information technology

Meraas and Dubai SME launch Al Seef SME District

Dubai, United Arab Emirates: Meraas and Dubai SME, the agency of the Department of the Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, have signed a partnership to launch ‘Al Seef SME District,’ an innovation hub within Al Seef, the bustling waterfront promenade with a distinct legacy and contemporary spirit.

Paying tribute to the emirate’s origins as a commercial trading port, the hub will showcase a variety of new businesses, from across the design, fashion, F&B and information technology industries, an opportunity to set up and thrive in its enabling ecosystem.  

The partnership was announced at an official signing ceremony that took place in Al Seef. Sally Yacoub, Chief Malls Officer at Meraas, and Abdul Baset Al Janahi, CEO of Dubai SME signed the memorandum of understanding (MoU), in the presence of senior representatives of the two entities. The MoU reinforces the shared commitment of Meraas and Dubai SME to shaping Dubai into a competitive and diversified global startup hub that prioritises innovation in line with the objectives of the UAE Vision 2021.

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“Dubai has created a number of globally competitive SMEs and the UAE’s growing emphasis on innovation is a remarkable opportunity to nurture and sustain our SME success story. For Dubai SME, a key focus is on identifying the best locations and partners to enable local SMEs, particularly those in the fast-emerging and cutting-edge sectors, to innovate and grow, and Al Seef SME District is a reiteration of our commitment,” commented Abdul Baset Al Janahi.

Al Seef SME District will infuse an entrepreneurial spirit across the destination and reflect its dedication to creating new and exciting experiences for locals and visitors alike. The space will offer essential infrastructure for resident SMEs, from a ‘connected’ work environment to collaboration rooms, and other office facilities.

Speaking on the occasion, Sally Yacoub, Chief Malls Officer at Meraas, said: “Al Seef benefits from Dubai’s strategic geographical position and is successfully drawing in both business and leisure travellers. We are confident that the establishment of Al Seef SME District will testify to the destination’s commitment to leveraging its infrastructure to shape hubs that enable Dubai’s residents to thrive in new and exciting ways. We are keen through this partnership to position Al Seef as more than just a retail destination – we hope to see it become a prime contributor towards Dubai’s overall development.”

Meraas’ alignment with Dubai’s strategic objectives to shape a city of happy, creative and empowered people, has driven the growth of its dynamic portfolio of lifestyle destinations, including Al Seef.

Meraas has constantly strived to be a champion and enabler for global businesses, through spaces where communities and businesses can forge connections, build relationships and share ideas. This is reflected in the tenant mix across Meraas’ destinations where several home-grown brands have successfully launched and grown to become household names in Dubai’s retail, leisure and entertainment landscape.

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About Al Seef

Al Seef is a bustling 1.8-kilometre waterfront promenade by Meraas designed to reflect the role the unique natural waterway at Dubai creek has played in shaping the culture and heritage of the city, past and present. Located close to the Al Fahidi Historical District, the destination invites people to rediscover the heart of the city, where local fishermen, pearl-divers, weavers and tradesmen once came to trade. It is home to two distinct heritage contemporary areas connected by lively sikkas and alleyways filled with captivating shops, cafes, restaurants, and three hotels – all offering a broad range of entertainment experiences. Al Seef also has a marina with 56 berths for private yachts, a traditional souk, floating markets and an events plaza that hosts a full calendar of events and activities taking place along the water’s edge.

For media inquiries, please contact:

Rashmi Jeetendra

APCO Worldwide

Email: rjeetendra@apcoworldwide.com

© Press Release 2018

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