Dubai SME extends financial support to Global village

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
Global Village
Representational Image

Dubai Economy’s dedicated agency for the support of the Small and Medium enterprise (SME) sector, Dubai SME has extended $20 million (AED75.6 million) in financial facilities to the Global Village under an agreement to support Emirati business initiatives.

The agreement, signed for the 26th season of Global Village, intends to provide emerging national projects with an exclusive space in one of the best business platforms in Dubai. Under the terms of the deal, Emiratis would be given 25 kiosks at Global Village to start and grow their businesses.

Being a part of Global Village will provide ambitious Emirati entrepreneurs with a fascinating experience and the chance to showcase their spirit of innovation and excellence, as well as their business growth skills.

Further, the unique exposure will also help Emirati businesses improve their business’s competitiveness and long-term viability while also contributing to Dubai’s and the UAE’s economic development.

Abdul Baset Al Janahi Image
Abdul Baset Al Janahi
Dubai SME

“Dubai SME and the Global Village have remained partners for more than 15 seasons. During this period, we have supported 689 varied projects, with food and beverage being a strong component in the past five years. The total value of the support we have extended under this partnership has now reached $20 million (AED 75.6 million). We thank the Global Village team for extending their platform to aspiring entrepreneurs.”

Mr. Bader Anwahi, CEO of Global Village said, “We believe in the importance of entrepreneurship and its role in promoting innovation, driving economic growth, and creating opportunities for the young people of our Nation. Global Village is an exceptional platform for SMEs to gain the necessary expertise to optimally manage projects, develop their business and ultimately achieve their goals.”

“It’s an ideal platform for any business or project, providing endless opportunities to introduce and incubate, concepts to the region. Supporting ambitious Emirati youth as they explore new business opportunities in various sectors and build partnerships is important to the economic prosperity of the UAE. We are proud to play a role in strengthening the SME ecosystem in Dubai, enabling SMEs to make remarkable returns on their investment, and supporting the UAE government’s strategy to develop a stronger entrepreneurial ecosystem,” Mr. Anwahi added.

Related: Dubai plans to launch $544mn worth fund to boost market liquidity