In line with the Emirate’s vision to encourage young people to achieve and manage their innovative ideas as startups to enter the field of entrepreneurship, the UAE has launched a new initiative named Fazaa Center for Business Incubators and Accelerators.
Unveiled by the Deputy Prime Minister and Minister of the Interior, and Chairman of the Social Solidarity Fund at the Ministry of Interior, H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, the project provides logistical support, training, qualification, studies and consultancies for Emirati entrepreneurs.
The Center encourages to stimulate the leadership of ambitious Emirati youth in the field of business, enabling them to establish their projects and benefit from the distinguished services that allow them to overcome the challenges of managing, financing and marketing entrepreneurial business ventures.
The opening was attended by Suhail bin Nakhira Al-Afari, Member of the Federal National Council and Major General Salem Ali Mubarak Al-Shamsi, Assistant Undersecretary of the Ministry of Interior for Resources and Support Services and Lt. Col. Ahmed Bouharoun Al-Shamsi, Director General of the Social Solidarity Fund at the Ministry of Interior, and Managing Director of Fazaa.
Lt. Col. Ahmed Bouharoun Al-Shamsi assured that the Fund’s initiatives are continuous and this center comes at an important time within direct solutions to support the capabilities of Emirati entrepreneurs, especially the young group of them, to continue and grow their business and overcome the negative repercussions due to the Corona pandemic.
He added that the new center will also support the Emirati young traders by providing everything necessary to enhance the continuity and growth of their business.
Fazaa Stores
The announcement for Fazaa Center for Business Incubators and Accelerators came on the sidelines of Sheikh Saif’s inauguration of Fazaa Stores in Al Ain as part of a chain of stores opened across the country.
The new store comes within the framework of the Social Solidarity Fund at Ministry of Interior’s keenness to provide all forms of support for the employees and their families and the beneficiaries of Fazza membership by offering more than 6,000 goods and products of quality at reduced prices in addition to providing services by Fazaa, including automotive discounts as well as healthy food baskets, and more.
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