The Hamdan Innovation Incubator (HI2) in Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed a Memorandum of Understanding (MoU) with the International Consultant Law Office (ICLO) to provide competitive and specialized legal consultancy to SMEs and creative entrepreneurs.
Dubai SME stated that the MoU reflects its keenness to accomplish the vision and strategy of the government in developing SMEs in Dubai and assisting them in achieving the highest levels of sustainability and competitiveness across all levels.
The agreement was signed at the Hamdan Innovation Incubator in Business Village, Dubai, by Mr. Abdulaziz Al Mazmi, Director of Business Incubators at Dubai SME, and Mr. Saleh Al Obeidli, Partner at ICLO.
Mr. Al Mazmi remarked that “at Dubai SME, we seek to provide a package of advisory and development services at preferential prices for entrepreneurs to support their journey, and as part of continuously upgrading our services to the highest levels of quality and competitiveness.”
“Our partnership with the ICLO is an added value for our support teams and members as they will have access to expert legal services, especially in preparing agreements, drafting contracts, and reviewing the terms and conditions for projects initiated by members of the Hamdan Innovation Incubator and Dubai SME,” Mr. Al Mazmi further added.
HI2 supports innovative projects and provides vital services to creative and ambitious youngsters, most notably legal guidance in areas critical to enterprise growth in the early stage and across the life cycle.
Mr. Al Obeidli pointed out that “through this collaboration with Dubai SME, we are keen on providing quality support to entrepreneurs in the Emirate of Dubai through our specialized department at ICLO that is exclusively focused on Startups and SMEs, for providing them with innovative legal support and with a vision to promote entrepreneurship and the development of SMEs in UAE and in particular in the Emirate of Dubai.”