The Ministry of Economy of the United Arab Emirates and the Emirates Development Bank signed a memorandum of understanding. The goal of this memorandum is to enhance the partnership between the founders and achieve sustainable development through supporting small and medium enterprises and nurturing businesses. As Muhammad Abdullah Al Jarman, the Director General of the Emirates Development Bank stated: "We are committed to supporting emerging, medium, and small enterprises to achieve economic growth in the state."
With this memorandum, entrepreneurs and small, medium, and emerging companies in the state will be able to benefit from the necessary funding and support to develop their ideas and implement their initiatives. Moreover, the founders will provide the necessary consultations and guidance to emerging companies to assist in achieving their goals.
"This partnership reflects our commitment to support entrepreneurs and contribute to strengthening sustainable economic development in the state," confirmed Muhammad Al Abbar, Minister of Economy of the Emirates.
