The Abu Dhabi SME Champions Program, led by Khalifa Fund for Enterprise Growth, has generated 652 procurement offers price AED 672 million ($183m) by 2024, marking a significant milestone within the UAE’s push to empower small and medium-sized enterprises (SMEs) and diversify its economic system.
The initiative, launched in 2023 by the Abu Dhabi Division of Financial Growth, connects SMEs with main private and non-private sector establishments.
Because of this, the variety of registered firms jumped from 835 in 2023 to 2,235 in 2024, whereas the variety of strategic companions rose to twenty.
Abu Dhabi SME Champions Program
- AED 672m ($183m) in complete procurement worth throughout sectors like IT, consultancy, promoting, and occasion administration
- 652 offers between SMEs and establishments accomplished since launch
- Micro-enterprises now make up greater than 50 per cent of registered corporations
- 20 per cent of those are eligible to work with main private and non-private organisations
- 13 SME coaching periods held in partnership with 9 entities
Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development, mentioned: “The Abu Dhabi SME Champions Program acts as a bridge connecting SMEs in Abu Dhabi with main establishments and authorities entities. This helps improve the productiveness and innovation inside this important enterprise class, which is a cornerstone of the nationwide economic system.
“SMEs additional play a pivotal position in catalysing Abu Dhabi’s sustainable development, aligning with the UAE’s broader imaginative and prescient for financial improvement.
“Led by Khalifa Fund’s ongoing efforts to advertise entrepreneurship, the programme has garnered vital consideration from Emirati entrepreneurs over the previous two years, by paving the best way for collaborations with main establishments.
“The programme has carried out 13 bi-monthly coaching periods up to now, in collaboration with at the least 9 companions, specializing in talent improvement for SMEs to satisfy market calls for.
“It is a outstanding milestone in constructing a sustainable and innovation-based economic system, in keeping with the UAE’s aspirations to develop into a number one knowledge-based and aggressive economic system.”
The programme’s key individuals embrace Etihad Airways, Aldar Properties, E&, Miral Group, Mubadala, AD Ports Group, ADGM, Masdar Metropolis, the Division of Tradition and Tourism – Abu Dhabi, Division of Finance, and Abu Dhabi Funding Workplace.