Khalifa Fund Grants Emirati Entrepreneurs Association Financial, Technical Support
22 Jun 2019
The Khalifa Fund for Enterprise Development, KFED, has recently awarded the Emirati Entrepreneurs Association, EEA, with a package of quality support programmes, including financial and technical support. The package will be used to support Emirati entrepreneurs’ skills and capacity development and creation of a suitable environment where their business projects could flourish.
Commenting on the announcement, Mouza Al Nasri, Acting Chief Executive Officer at Khalifa Fund, said, "We consider the Emirati Entrepreneurs Association our strategic partner. We vow to cooperate and work with the Association to promote entrepreneurship and the small and medium enterprise, SME, sector in the country."
Al Nasri said that the KFED provides various forms of support to Emirati entrepreneurs including facilitating their participation in local and international exhibitions and forums as well as giving them exemptions and priority in government procurement processes. The Fund also supports its beneficiaries with access to consultation services and advanced training programs to help them enhance their business abilities and sharpen their skills to resolve challenges every step of the way, from conception to execution of their projects and beyond.
Al Nasri met with Sanad Al Meqbali, Chairman of the Emirati Entrepreneurs Association, in the presence of Khaled Al Fahim, Secretary of the Association, and the Fund’s other senior officials. During their meeting, Al Nasri underscored that communication and cooperation between the two parties are vital to provide the SME sector in the UAE with the best services. She also assured that the organization would work to convey the opinions, suggestions, concerns, and needs of UAE entrepreneurs to concerned federal and local entities.
Al Meqbali thanked Khalifa Fund for the financial and technical support it provided for the Emirati Entrepreneurs Association, saying that it will enable the Association to efficiently implement key initiatives aimed at enhancing the culture of entrepreneurship in the country and empowering local entrepreneurs. Al Meqbali noted that they have been able to implement many successful and influential initiatives and programs despite its limited financial resources.
He explained that the EEA aims to attract aspiring young UAE entrepreneurs as it encourages them to initiate quality projects with strong economic impact across various fields. He also pointed out that the Association’s main objective is to provide technical, administrative, and advisory support to entrepreneurs through offering them a range of training courses to develop their abilities.
Also, he said that the EEA seeks to develop the local SME sector by strengthening its relations with the public and private sectors and helping unify their efforts to improve the level of non-financial support to entrepreneurs.
The Emirati Entrepreneurs Association was officially registered in 2014 with support from Khalifa Fund to help encourage and coordinate joint efforts across local entrepreneurs and SMEs, including the adoption and implementation of innovative initiatives and activities.