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DUBAI / WAM
The Young Entrepreneur Competition 2016, held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of the Executive Council of Dubai, began on Wednesday at the Dubai Festival City Mall. The competition, organised by Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, features more than 500 diverse business projects presented by more than 1,000 students from schools and universities across the UAE.
Mall visitors can see the participating business projects and buy the products displayed in specially designed kiosks till the April 2. UAE nationals account for 45% of the projects on display while 10% are from other GCC countries and the remaining are from other nationalities. Girl students are a majority among the contestants – 574, against 427 boys.
Ibtihal Al Naji, General Coordinator of YEC, said the overwhelming participation in YEC 2016 confirms the event’s success in reaching out to the students in various age categories to nurture the entrepreneurial culture.