Small and Medium Enterprises in Dubai, Abu Dhabi & UAE

The UAE government is laying special focus on small and medium enterprises (SMEs) as they are considered vital for the economic growth and diversification. The SMEs also help in building national human resources. Various government programs are supporting SMEs including the UAE’s industrial strategy, national SME program, the UAE SME council, Khalifa fund, operation 300bn and Dubai SME. Besides, the national SME program also extends support to fight obstacles and grow the business, to achieve better  returns. Ultimately, this helps in registering strong footprints in local and foreign markets. If you’re also planning any small or medium enterprise in UAE, contact MBK Auditing. We all know that the UAE government has embarked on a mission – to become a global powerhouse for industries and trade with fresh innovations. In the last few decades, Dubai has become one of the biggest trading hubs on the globe. In support of this step, the country has come-up with a new initiative for small and medium sized businesses. Various agencies are trying to develop a diverse economy and in the process, supporting SMEs. These initiatives include business programs, business workspaces and funding suggestions. The UAE government has a great vision and they’ve laid out strategic plan for the next 30 years. Now, supporting SMEs is one of the key priorities.

Various initiatives have been taken specifically to support SMEs on a fast growth trajectory. The government is also working untiringly to encourage a wider range of funding models. For example, the Khalifa fund supports enterprise development. The UAE government believes that entrepreneurship plays a key role in unlocking the true potential of the country. SMEs are slowly becoming the driving force of the country’s economy. The government is also striving to instill an entrepreneurial culture in the universities to foster the generations endowed with creativity, leadership, responsibility and ambition.