UAE, 19 November, 2024 : Moza Obaid Al Nasri, Acting CEO of the Khalifa Fund, announced that small and medium enterprises (SMEs) account for over 90% of Abu Dhabi's businesses, employ nearly half of the workforce, and contribute 42.8% to the emirate’s non-oil GDP.
She highlighted Abu Dhabi’s thriving startup ecosystem, which has grown in value by 28%, supported by the "Falcon Economy" strategy targeting high-growth sectors and fostering innovation through regulatory and financial initiatives.
Speaking ahead of Abu Dhabi Business Week, Al Nasri reaffirmed the emirate's commitment to empowering SMEs with resources, networking opportunities, and funding. The event will include the Khalifa Fund Entrepreneurship Competition, offering startups a platform to pitch their ideas to investors.
Source : www.wam.ae
Related Posts
Real estate has long been one of the most attractive sectors for criminals seeking to disguise illic...
Read More
For years, regulatory enforcement in AML followed a familiar pattern. A bank was found to have weak ...
Read More
For many Corporate Service Providers, customer due diligence is often viewed as the most important s...
Read More