Launch of a New Platform to Support Small and Medium Enterprises in the UAE

The UAE government has announced the launch of a new digital platform to support small and medium enterprises (SMEs) with the aim of boosting the growth of this vital sector and encouraging innovation and entrepreneurship in the country.

The platform aims to provide a range of services and resources for SME owners, including financing, training, mentorship, and opportunities to access local and global markets.

The UAE Minister of Economy stated that this step is part of the country’s efforts to support the entrepreneurship sector and diversify the economy away from oil dependency. He also noted that the platform will contribute to streamlining the registration process for businesses and obtaining necessary licenses quickly and efficiently.

He added that the platform will enhance cooperation between the government and the private sector to create a competitive business environment that enables small businesses to grow and expand, thus contributing to the objectives of the UAE Vision 2030.