With the vision of Mohammed bin Zayed..small businesses prepare for a new era of growth

Reem Al Braiki (Abu Dhabi)

Under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, may God protect him, enter small and medium enterprises into a new era of development and progress, thus strengthening their position and leading role as an active and real contributor to the national economy, characterized by diversity and sustainable growth.
Experts and investors have confirmed that, thanks to the vision and good direction of His Highness Sheikh Mohamed bin Zayed Al Nahyan, may God protect him, the country continues to develop its economic system to make its position as a preferred destination for start-ups and innovative businesses to strengthen. and pioneering small and medium enterprises in the region and the world, and to be the first home for entrepreneurship and attract leading projects From various world markets according to integrated strategies derived from the goals and principles of the fifties.
They told Al-Ittihad that the UAE attaches great importance to the development of the small and medium-sized enterprise sector, as it is one of the pillars of the country’s new economic model and its strategic plans for the future.

According to statistics from the Ministry of Economy, the size of the entrepreneurship sector and small and medium enterprises reaches about 94% of the total companies in the UAE and contributes to more than 50% of GDP. The total number of commercial licenses registered for Emirati entrepreneurs reached 29,000 in 2021, an increase of 26% compared to the number of licenses registered in 2019.

Quality achievements
Abdullah Al-Attar, a financial expert and content maker, said that His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, may God protect him, is always eager to support young people and enable them to achieve qualitative achievements to achieve. It deals with the youth and increases their participation in the march of the trade union, the most recent of which was the Abu Dhabi government’s initiatives to support small projects with about 17 initiatives to alleviate the economic burdens arising from the Covid pandemic. alleviate, such as deferring payments, reducing fees and canceling some of them, providing financial facilitation programs and direct financial support.
He added: The program to encourage small businesses to launch from Abu Dhabi, called “Established in Abu Dhabi”, came as a catalyst and incentive for more commercial work and quality projects, aimed at friction options and opportunities with the European Business Network Group, which included more than 11,000 companies.To ensure more experiences and skills for Emirati entrepreneurs.

  • Abdullah Al-Attar
    Abdullah Al-Attar

And he added: “His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, may God protect him, believe in the youth and surround them with his care. He has assigned to them the leadership of many fields and designated programs to economic qualifications and administrative leaders capable of keeping pace with change and providing the local market and its international companies with more leaders Young Emirati.
Al-Ettar explained that the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, may God protect him, has gone beyond the traditional framework of the region’s economy, as it aims to make the UAE a center and beacon for to make the knowledge economy and the economies. of artificial intelligence, to attract talented minds and support universities and scientific research centers to achieve more economic diversity. Al-Attar said: His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, may God protect him, is the symbol of strong youth and high ambitions, the safety valve of our union and the icon of activity with which everyone has cooperated. he said he works with love and sincerity for the people, and there is more to offer.For the youth of the union and its economy.

Continuous support
Hamed Al-Hamid, chairman of the Gracia Group, noted His Highness Sheikh Mohammed bin Zayed Al Nahyan’s permanent support for young people and his support for their investments, and his constant questioning about their conditions and needs despite the many responsibilities that fall on him.
He added: I was inspired by the idea of ​​my project, which is to build the first integrated and active farm in the sector of organic crops, from the vision and thought of His Highness Sheikh Mohammed bin Zayed Al Nahyan, may God bless him protected, as he always commands His Highness to invest in agriculture and provide food security, and I have also received support and encouragement from His Highness to continue.

  • Hamed Al-Hamid
    Hamed Al-Hamid

He said: “Thanks to His Highness’s vision, our country will remain an effective and influential economic and financial power, and a global development model to be followed, which strengthens its approach as man is the real and most important wealth of the state. and to provide its development gains with more social welfare for the people of the Emirates. ”
Al-Hamid stressed that under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, may God protect him, the small and medium enterprises and entrepreneurship sector are on the verge of a new phase of growth and development, which a play important and active role. in maintaining economic growth and diversity.

Artificial intelligence
Abdullah Al Mazrouei, founder of Danat Company in Abu Dhabi, said that His Highness Sheikh Mohamed bin Zayed Al Nahyan, may God protect him, always support, empower and build the new generation of entrepreneurs in the UAE through an integrated and world-class system for emerging companies.
Al Mazrouei emphasized his highness’ zeal in supporting entrepreneurs and stimulating their energy and capabilities to achieve their aspirations to make a difference in the world of business and investment, and to contribute to the building of the national economy. and promoting development.
He pointed out that the UAE is the best in the world for setting up and starting businesses and the environment that supports entrepreneurship the most, globally first in the International Entrepreneurship Index 2022, and first in the Global Entrepreneurship Monitor report.

  • Abdullah Al Mazrouei
    Abdullah Al Mazrouei

Al Mazrouei took note of the founding of the Mohamed bin Zayed University of Artificial Intelligence and its leading role in achieving excellence in knowledge creation, transfer and use of artificial intelligence to drive economic growth, adding that artificial intelligence solutions help entrepreneurs to find new solutions and ideas in the field of finance and economics and to overcome the problems they face, instead of the traditional methods.

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