One step closer to UAE’s Vision 2021: Emirates Development Bank holds a workshop to empower Emirati entrepreneurs

By: Zawya


SOURCE: Zawya - Emirates Development Bank holds workshop to accelerate growth of the UAE's SME ecosystem

The workshop aims to highlight financial solutions available for UAE nationals and access to financing schemes.

Emirates Development Bank (EDB) hosted a workshop in collaboration with the National Program for Small-to-Medium-Sized-Enterprises (SME), the executive arm of the SME council that is operating under the umbrella of the Ministry of Economy, and was attended by members of the National Program, as well as representatives of the UAE’s leading banks.

EDB presented its complete range of solutions for SME financing, in addition to key features of the recently launched Credit Guarantee Scheme, designed for UAE National entrepreneurs. This collaboration underpins EDB’s vision and strategy for developing the UAE’s SME sector, and increasing SME contribution to economic growth for the country. 
Commenting at the launch of the workshop, Mr. Faisal Al Bastaki, Chief Executive Officer, Emirates Development Bank, said “EDB plays a unique role in developing the SME sector and empowering Emirati entrepreneurs with opportunities for growth. Our collaboration with the National Program for SMEs, is a key step forward to achieving the UAE’s Vision 2021 and ignite entrepreneurial efforts to play a key role in a creating a diversified economy.”

Dr. Adeeb Al-Afifi, Director of the National Program for SMEs and Projects, added, “this workshop will present great chances for the UAE SMEs in the matters of financing and projects loans.” He pointed that banking sector of the UAE, which is striving to drive forward comprehensive development in the UAE, offer services to Emiratis that allows them to complete their projects, as well as supporting the SME sector and entrepreneurship.

Al-Afifi also added, “UAE continues its efforts to consolidate its economic position that has made it an ideal global investment destination, and through initiatives such as this workshop, UAE strengthens its partnerships and linkages with entrepreneurs and innovators within its SME (small and medium enterprises) sector, which plays an important role in the national economy of the UAE.