Dubai Entrepreneurship Academy supports economic growth: Dubai Crown Prince

DUBAI, 29th March, 2017 (WAM) — The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, Dubai SME, a part of Dubai’s Department of Economic Development, plays a vital role in promoting entrepreneurship in Dubai, according to Dubai Crown Prince and Chairman of Dubai Executive Council H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

He also highlighted the vital contributions of “Dubai Entrepreneurship Academy” to help enhance economic growth and create more private sector opportunities for youth by teaching them the international best practices required to launch business ventures.

Sheikh Hamdan also pointed out that Dubai seeks to achieve the highest excellence, as per the directives of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to ensure the city remains at the forefront of innovation. Sheikh Hamdan further noted that the entrepreneurship academy is providing the local market with a new generation of entrepreneurs, in addition to supporting the SME sector’s growth to realise the objectives of Dubai Plan 2021.

The Dubai Crown Prince said, “We are delighted that the programmes offered by the academy have achieved a 90 percent customer satisfaction rate despite the fact that it serves a vast number of business sectors. We are also pleased with the contributions of the entrepreneurs to the local market and the growth in the number of entrepreneurs who have launched their own projects in 2016. As much as 43 percent of the trainees started fully-operational businesses last year. We wish them and all members of the academy every success.”

The “Dubai Entrepreneurship Academy” has supported 4,248 entrepreneurs, providing 174 training programmes and workshops between 2014 and 2016.

Abdul Baset Al Janahi, CEO of the Mohammed bin Rashid Establishment for SME Development, said that the academy was launched in 2014 under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum with the aim of promoting entrepreneurial talent, and small and medium businesses.

Al Janahi said that the academy has worked jointly and actively with partners from both private and public sectors to implement training programmes. Co-operation agreements were signed with organisations like Dubai Foundation for Women and Children, General Authority of Youth and Sports Welfare, American University in Dubai and University of Dubai, as well as several private-sector institutions.

He added that the academy has opened registration for its 2017 enrolment.

Source: Emirates News Agency

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