The UAE Ministry of Economy (MoE), in collaboration with US-based UPS, a global logistics and shipping company, has launched the ‘ScaleUp Export’ initiative under the Entrepreneurial Nation.
The ScaleUp Export program supports the export capacity of UAE startups and SMEs. It also aims at enhancing the access of their products and services to global markets via a range of supportive tools and programs and through a range of targeted local and international partnerships with relevant sectors.
Registered companies can gain access to a range of experts and advisers in various sectors through the program. It facilitates technical and legal consultations, as well as special shipping prices. The program also provides training and mentoring opportunities, conducting technical workshops to increase their exports to global markets. It also provides mentoring and supervisory programs, and seminars on export target markets.
Mr. Abdullah bin Touq Al Marri, Minister of Economy, said that the UAE, based on the vision of its wise leadership and in line with the ‘Principles of the 50’, continues its efforts to advance the leadership sector and support SMEs, given its role as a key pillar for building a future knowledge- based economy, innovation, diversity, and competitiveness.
“The Ministry of Economy, in partnership with various relevant federal and local government entities and in cooperation with the local and international private sector, is working to provide all possibilities for the prosperity of entrepreneurship and rapid growth of SMEs that enhance their contribution to the growth of the national economy. The launch of the ScaleUp Export, in collaboration with UPS, is a continuation and extension of the ‘Entrepreneurial Nation’ initiatives with the aim of supporting its growth and providing the tools and information needed to increase its export volume to foreign markets and develop its business sustainably.”
Mr. Al Marri also noted that the program is designed to support the strategic target of the Entrepreneurial Nation by providing the catalytic environment for the development and incubation of 20 unicorns in the country by 2031.