UAE’s renowned entrepreneurial development organization Khalifa Fund for Enterprise Development (Khalifa Fund) has launched the ‘Abu Dhabi SME Hub’, a new information platform dedicated to assisting SMEs and startups in the Emirate.
The Abu Dhabi SME Hub supports SMEs at all stages of growth, encouraging them to work in a welcoming entrepreneurial environment and enabling them to grow, thrive, and innovate using best business practices as well as new technologies and digital solutions.
“The Hub will provide information and data relevant to the SME sector, as well as relevant updates on initiatives and announcements from the sector, and best business practices through engaging a multi-format educational content, implementing market-tested strategies and technologies through partnerships with key market players and connecting with the wider business ecosystem, including government entities, regulators, investors, mentors, and peers. This platform will provide an engaging, multi-format content produced in English and Arabic and intended to educate and entertain entrepreneurs in a variety of topics including innovation, fundraising, finance, and cash management, product development, marketing, and organizational scaling.”
“Our overarching objective is to further support the UAEs SME ecosystem through innovative digital platforms that will empower entrepreneurs. Today more than 400,000 SMEs are representing over 60 percent of the UAE non-oil economy. They provide employment opportunities for 86 percent of the workforce in the private sector. It is expected that the SME’s share of the private sector in the non-oil economy will reach 70 percent,” Mr. Al Shorafa concluded.
The Khalifa Fund has launched several initiatives and developed many strategic alliances aimed at developing and digitally empowering entrepreneurs, such as e-Empower, which aims to help entrepreneurs grow and operate within the digital environment while also providing useful and non-traditional insight to SMEs looking to broaden their customer base.