Dubai launches AED 500 million SME growth fund

@HamdanMohammed

Dubai has launched the 'Dubai International Growth Initiative for SMEs' to support small and medium-sized enterprises and accelerate their progress and global expansion, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, has announced.

Developed through a partnership between the Dubai Government and Emirates NBD, the AED 500 million fund has been inspired by Dubai's vibrant business environment which has fostered the creation of numerous global success stories and inspired entrepreneurs to make a remarkable impact with their ideas and initiatives, Sheikh Hamdan said.

Posting on social media, His Highness highlighted entrepreneurs worldwide who have chosen Dubai as their launchpad, writing that they extend their steadfast support locally and internationally.

He added that entrepreneurs "are key contributors to Dubai's success, and your partnership is vital to achieving the goals of the Dubai Economic Agenda D33".

More from Business News

On Virgin Radio today

  • Virgin Radio Weekend

    11:00am - 7:00pm

    Playing 10 hits in a row every hour, all weekend!

  • American Top 40

    7:00pm - 10:00pm

    The biggest hits of the week direct from the USA

Trending on Virgin Radio