Friday , March 22 2019

Khalifa Fund to strengthen, promote SME sector in UAE


Khalifa Fund for Enterprise Development (KFED) hosted a forum on ‘Strategic Alignments – Connections 2018’ to promote domestic Small and Medium-sized Enterprises (SMEs) and support their growth, and implement innovative plans to help foster an entrepreneurial spirit in the country. The forum brought together top-level officials from federal and local entities within the legislation and banking sector, as well as development institutions that support and fund local SMEs.
Speaking on the forum, Abdullah Saeed Al Darmaki, CEO of KFED, said that Khalifa Fund plays a pivotal role in demonstrating the UAE’s wise leadership in supporting the SME industry.
“The ‘Strategic Alignment Forum’ is in line with the UAE’s strategy aimed at strengthening the SME sector, to ensure its active participation in the country’s
sustainable development.”
He added, “KFED will continuously share its expertise in financing, consulting and promoting entrepreneurship, creativity, and innovation among the youth, to government entities and institutions who attended the forum.”
“We are confident about further enhancing the role of the SME sector to ensure its positive impact on the national economy.”

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