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New investment opportunities will be promoted for women

DUBAI - A memorandum of understanding (MoU) designed to promote value-added investment opportunities for women entrepreneurs in the country was signed yesterday between FORSA and the Mohammed bin Rashid Establishment for Young Business Leaders (SME).

FORSA, the Dubai World company offers premium investment opportunities for women, and the Mohammed bin Rashid Establishment for Young Business Leaders (SME) supports small and medium enterprises run by UAE nationals.

Under the terms of the MoU, SME will promote FORSA as the preferred strategic partner among its members and facilitate alliance opportunities for investment between FORSA and the young entrepreneurs.

FORSA, with its specialised understanding of the region’s investment potential, comprehensive knowledge of the business landscape and skilled management team, will offer ‘smart capital’ to fund startup companies and play a key role in adding further value and realising the true growth potential of portfolio companies.

The MoU was signed by Manal Shaheen, Vice-Chairman of FORSA Board of Directors, and Akil Kazim, Director of Operations Department at Mohammed bin Rashid Establishment for Young Business Leaders, at a Press conference held at the SME head office.

Also in attendance were Adel Al Shirawi, Vice Chairman, Istithmar World, and Chairman of the FORSA Board of Directors, and Abdul Baset Al Janahi, Chief Executive Officer of SME.

Al Shirawi said, "This agreement is well-poised to bring huge benefits to women entrepreneurs and investors as the MoU is geared to participate in new business ventures at the launch stage, with a special focus on women-led enterprises, thereby enabling them to be part of high-growth opportunities aligned with the sectors most significantly contributing to the region's GDP.”

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