Khalifa Fund signs pact to spur entrepreneurship

DUBAI / Emirates Business

The Department of Economic Development – Ajman (DED-Ajman) signed a strategic cooperation agreement with Khalifa Fund for Enterprise Development (KFED) to help bolster and promote a culture of entrepreneurship in the UAE.
The agreement looks towards identifying objectives and areas of cooperation between the two parties to serve public interest and provide much needed support to entrepreneurs and owners of SMEs in the UAE — helping facilitate their work and contribute to promoting the culture of self-employment and developing vital sectors within the UAE.
HE Ali Issa Al Nuaimi, Director General of DED-Ajman said, “The agreement repres-ents an advanced step towa-rds promoting entrepreneur- ship — fully encouraging young Emirati people to engage in entrepreneurship and establish SMEs, which have become the backbone of advanced economies around the world. Our cooperation agreement with Khalifa Fund will further enhance our efforts towards strengthening Ajman’s position as a destination for SMEs in line with Ajman Vision 2021, which aims to create a competitive environm- ent to attract local, regional and global investments.”