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Khalifa Fund plays key role in developing UAE businesses

Staff Report
Filed on October 8, 2013

Abu Dhabi has launched the fifth annual ceremony and SME exhibition hosted by the Khalifa Fund for Enterprise Development at Abu Dhabi Exhibition Centre.

Khalifa Fund plays key role in developing UAE businesses (/assets/oldimages/med_10072013.jpg)

Shaikh Hamed bin Zayed Al Nahyan with supporters of the Khalifa Fund for Enterprise Development projects and the winners of the best projects of Abu Dhabi Entrepreneurship Forum 2013 at an event held in Abu Dhabi on Monday. — KT photos by Nezar Balout

The ceremony held under the patronage of General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, was launched by Shaikh Hamed bin Zayed Al Nahyan, President of the Court of the Crown Prince of Abu Dhabi. He was accompanied by a number of Shaikhs, ministers, senior officials and various prominent figures in the state.

Shaikh Hamed said: “His Highness Shaikh Khalifa bin Zayed Al Nahyan, President of the UAE, has made UAE citizens the top priority for development at all levels, and they form the axis of the ongoing evolution of our economy. They are the main pillar of sustainable prosperity, and contribute to the wealth of the UAE by using entrepreneurship as a tool for positive change.”

“The Khalifa Fund has played a vital role in developing the business community and strengthening all the pillars of the national economy. It is providing the necessary support for entrepreneurs and giving them exposure to the latest best practices in entrepreneurship through training courses, while also opening the gateway for funding opportunities to strengthen the backbone of entrepreneurship in the state,” he added.Shaikh Hamed presented prizes to the entities that have been most supportive of SME’s that are supported by the Khalifa Fund.

Khalifa Fund plays key role in developing UAE businesses (/assets/oldimages/yun_10072013.jpg)

Shaikh Hamed bin Zayed Al Nahyan, Hussein Jassim Al Nowais and other guests at the event in Abu Dhabi on Monday.

The General Command of the Armed Forces won the award in the ‘Governmental Agencies’ category, and was represented by Deputy Commander of the Presidential Guard, Major General Salim Ali Ghafli. The entity was honoured for its unwavering dedication to uplifting SMEs, as evidenced by the fact that it awarded contracts worth a massive Dh70 million to SME’s under the umbrella of the Khalifa Fund.

Etihad Airways won the award in the ‘Semi-governmental Agencies’ category, and was represented by Adel Al Mulla, vice-president of Procurement and Logistics. In the ‘Private Sector’ category, the Assembly of the Union was honoured, represented by Yaqoub Al Balushi, director of Food Purchases Management. He went on to praise the outstanding efforts made by the General Command of the Armed Forces to support SMEs that are under the umbrella of the Khalifa Fund by awarding contracts to them, which greatly helps their continuity and development.

He also commended the support of Etihad Airways and Union Cooperative Society, calling on governmental and private institutions to emulate this shining example by supporting products and services from projects financed by the Khalifa Fund, so that these projects can continuously improve their performance and quality.

Shaikh Hamed also presented the Khalifa Fund for Entrepreneurship awards: in the ‘Khutwa’ (Micro-Finance) category, the winner was “Naseem Al Bahar for Women’s Tailoring” project owned by Rouwya Salem Al Darie. In the ‘Bedaya’ (Start-up loans) category, the award went to “Khilan for Digital Solutions”, owned by Ali Abdullah Al Jabri. In the ‘Zeyada’ (Expansion loans) category, the winner was “KNR Fibre Glass Solutions”, owned by Khaled Al Alawi.

In the ‘Membership programme’ category, the winner was “Upgrading Kingdom for Consulting & Training” project, owned by Huda Al Ali.

Meanwhile, Bakhita Saif Al Mansouri, Moza Al Marri and Reham Al Hashil received a prize for their project “Heritage Creativity” within the ‘Sougha’ initiative of the Fund. The prize in the Micro-Finance category was awarded to Khayreya Mohammed, Hassan Ahmed Saber and Kulthem Obaid Al Mazroui; while the winner of the “Best Emirati Projects” outside the Khalifa Fund system was “Ahdaf Sports Club”, owned by Anas Bukhash, Yousef Al Hashimi, Mustafa Al Hashemi and Fahad Kazim.

Shaikh Hamed officially opened the exhibition, which showcases over 50 new projects funded and supported by the Khalifa Fund, and listened to the owners of those projects as they narrated their journey to success with the guidance of the fund.

In his speech, Hussein Jassim Al Nowais, Chairman of the Khalifa Fund, said: “Since our fund’s inception six years ago, we have tirelessly pursued the noble goals of promoting socio-economic development by creating a supportive environment where entrepreneurs can thrive with full access to both monetary and human capital, investment opportunities and in-depth expertise.”

— business@khaleejtimes.com





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