Entities Supporting Projects of Emirati Entrepreneurs
Dozens of agencies, accelerators and programmes have been launched over the past two decades in the UAE aimed at stimulating entrepreneurship in the country and supporting and empowering the small and medium enterprises (SMEs) sector. These initiatives culminated in many achievements that contributed to supporting the sector and provided a wide range of services that helped entrepreneurs in establishing and developing their projects and services. They included advisory and financing solutions, capacity building, rehabilitation, and encouraging the culture of leadership, in addition to incentives, tax exemptions, and opportunities to obtain government contracts and build relationships. These entities create an incubating work environment to support and enhance the performance of small and medium-sized companies, and encourage the establishment of innovative projects and start-ups. The UAE government aims to enhance the role of the small and medium-sized enterprises sector in the development and diversification of the national economy and increase its contribution to the gross domestic product.