Khalifa Fund launches partnership with noon.com as part of e-Empower initiative

Partnership to implement a three-tiered programme

  
  • Abu Dhabi SMEs will receive preferential rates from noon.com
  • Emirati micro-businesses will be supported through the ‘noon Mahali’ initiative
  • noon Daily will dedicate special online retail space for local food producers 

Abu Dhabi, United Arab Emirates: The Khalifa Fund for Economic Development (KFED) has announced an innovative partnership with noon.com – an ecosystem of services and products for the Arab world and the largest GCC e-commerce company. The partnership aims to enhance mutual cooperation through the implementation of a three-tiered initiative, including preferential rates at noon.com; the ‘noon Mahali’ initiative supporting Emirati micro-businesses; and optimised positioning for local food producers on noon.com’s dedicated grocery platform, noon Daily. 

The strategic new partnership is part of e-Empower, the Khalifa Fund initiative launched last month under the 'Abu Dhabi Inspires' programme to support Abu Dhabi SMEs, and is in line with the UAE's national objectives to enhance food security.

H.E. Mohammed Ali Al Shorafa, Chairman, Abu Dhabi Department of Economic Development (ADDED) and Chairman, KFED, explained that the new partnership helps deliver on the goals of the ‘Abu Dhabi Inspires’ programme, which was launched by the Abu Dhabi Government to drive forward agile, innovative thinking within the  government and the community, and to encourage ideas that have a positive impact on people now and into the future.

H.E. Al Shorafa added: “Khalifa Fund is delighted to bring noon.com onboard as the latest partner of the e-Empower initiative. We continue to be dedicated towards collaborating with leading organisations who provide an abundance of knowledge and resources to Abu Dhabi’s SME sector; which is an economically imperative sector that contributes substantially to the Emirate’s non-oil revenues.”

H.E. further stated that the partnership aims to inspire innovation, encourage entrepreneurship and accelerate the digital transformation of Abu Dhabi SMEs by unlocking new sectors and digitally empowering owned and operated businesses in the UAE, including Emirati micro-businesses and local food producers.

H.E. Al Shorafa pointed out that this step falls in line with the KFED’s efforts to establish alliances with leading brands, locally and internationally, to support SMEs in Abu Dhabi and enable them to enhance their contribution to the Emirate’s gross domestic product (GDP). He shared that the partnership complements the overall efforts of the e-Empower initiative and also adds new exciting opportunities for the SME sector to utilize and expand their businesses

Mohamed Alabbar, Founder, noon, said: “noon’s partnership with the Khalifa Fund for Enterprise Development is an important step in the safeguarding of our digital landscape for future generations. We must give our local SMEs, the ones who have been on the frontline, the best tools to thrive. E-empower companies will grow with noon, expanding their reach to millions of customers in the region.”

Alabbar added, “Through noon Daily we will ensure the safe delivery of fresh produce and non-perishable items from local farmers. We will support, champion, and believe in every E-empower company, providing the best tools to help their businesses rise, driving the digital economy and inspiring the next generation of local entrepreneurs.”

Through the collaborative partnership between Khalifa Fund and noon, SMEs will gain immediate access to noon’s millions of loyal customers, established and trusted local logistics and fulfillment network, and secure payment gateway. e-Empower businesses will also be eligible for unique benefits tailored and personalized to amplify their business.

All e-Empower companies that have been verified by both Khalifa Fund and noon will be eligible to sign-up to the platform via www.noon.com/kf-empower  and access tailored online courses designed to guide sellers through the best practices of selling online, including how to optimize and amplify their offering to better reach audiences across the region. Participating entities will also receive seller support from a dedicated in-house team to help with the onboarding process, content creation, and offer advice on overall selling performance.

The noon Mahali program, an initiative committed to supporting local micro-entrepreneurs, will be made available to all qualified e-Empower companies. All Mahali sellers are guided and supported throughout their e-commerce journey by noon to become established sellers in the local market.

Noon’s dedicated grocery platform, noon Daily, will partner with Khalifa Fund to empower local farms; helping them sell their produce online and enabling safe and secure delivery to customers across the UAE. Local farms will have a dedicated space on noon Daily for customers to shop their produce seamlessly and help drive sales online.

Established in June 2007, the KFED aims to develop local enterprises in Abu Dhabi by instilling and enriching the culture of investment amongst UAE nationals, as well as supporting and developing small to medium-sized investments in the emirate. noon is committed to providing local entrepreneurs and SMEs based in Abu Dhabi with targeted support and tools to expand their businesses across the region.

-Ends-

About Khalifa Fund for Enterprise Development

Khalifa Fund for Enterprise Development was established in 2007, by the virtue of the Law 14 of 2005 and its amendments, in the implementation of the vision of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi. The Khalifa Fund works as an independent, not-for-profit economic development agency of the Government of Abu Dhabi for the development and support of small-to-medium enterprises (SMEs).

The Fund helps to develop local enterprises in Abu Dhabi through instilling and enriching an investment culture amongst UAE nationals. The Fund also seeks to support and develop SMEs in the Emirate.

Khalifa Fund was founded in 2007 with a total capital of AED 300 million, which gradually increased in 2009 to AED 1 billion, in order to meet the growing demand for the Fund’s services. In 2011, the Fund’s total capital was increase to AED 2 billion, and the Fund covered all of the UAE through a network of branches.

For media inquiries, please contact:
Cameron Hurrion
KBS Communications
cameron@kbscommunications.ae
+971 56 123 4077

About ‘Abu Dhabi Inspires’

Abu Dhabi Inspires is a programme of initiatives that transform adversity into opportunity.

Launched in order to drive forward innovative responses to current realities, Abu Dhabi Inspires will include initiatives that capture emerging opportunities, tap into new trends and have a positive impact on people now and into the future.

Three pillars define the focus of the programme, which is aimed at all sections of the community: Virtual Experiences, Constant Innovation and Community Solidarity.

About noon.com

Noon.com is a joint venture between the Kingdom of Saudi Arabia’s Public Investment Fund and Mohamed Alabbar. noon.com is a Saudi company, headquartered in Riyadh and was founded with the mission of building an ecosystem of homegrown digital companies from the region, for the region to safeguard the future of our digital landscape. Noon seeks to bring exceptional value, support service to our region’s consumers and businesses. Noon’s consumer platform first went live in the Kingdom of Saudi Arabia on 12th December 2017 and has grown to become the region’s leading online shopping destination with operations present in the Kingdom of Saudi Arabia, the United Arab Emirates, and Egypt.  Primarily a digital e-commerce platform utilizing home-grown technology talents, noon has rapidly built deep native capabilities in its marketplace, fulfillment, logistics, and payment platforms.

For media inquiries, please contact:
Ellen Kerry
ekerry@noon.com 

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