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Empowering SMEs in the UAE: Key Initiatives and Opportunities for Growth

The UAE’s SME sector is flourishing, representing 95% of all registered firms, providing 42% of employment, and contributing 45% to the GDP. This transformation is backed by federal initiatives, including a new SME law that fosters private sector growth through grants, funding access, and procurement opportunities. The Business Connections Bureau (BCB) plays a pivotal role by fast-tracking trade licenses and offering a 12-month incubation program for market entry. Discover how SMEs can benefit from these resources and partnerships to thrive in Dubai's competitive landscape.

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Empowering SMEs in the UAE: Key Initiatives and Opportunities for Growth

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Presentation Transcript

  1. The UAE’s SME economy July 2014

  2. Superlatives abound

  3. Certain sectors lead

  4. Transformationalevents

  5. SMEs in Dubai • 95% of all registered firms • 42% of employment • 45% of GDP

  6. Federal & other initiatives • New SME law • Catalyst for private sector employment & engagement • Grants, access to funding & dedicated procurement spends

  7. SMEs meet PLCs at the BCB

  8. How the BCB can help • Fast-track trade licence & registration in partnership with Dubai government • 12 months’ market-entry incubation • Shortlisted suppliers; existing BBG network; facilitation & hand-holding • UKTI for OMIS etc.

  9. Thank you • www.bcbuae.com • @BCBUAE / @HepworthJoe • Joe.Hepworth@bcbuae.com • http://ae.linkedin.com/in/joehepworth/

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