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Mohammed Bin Rashid Establishment for SME Development Launches New Corporate Identity
DUBAI - The Mohammed bin Rashid Establishment for SME Development, on Monday launched its new corporate identity, in line with the instructions of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, who issued a new law restructuring the establishment.
According to the new law, the responsibilities and the tasks of the Establishment are expanded to include the development of the SME sector. Small and medium enterprises are now envisaged to play a more effective role in supporting the economic growth of Dubai.
The new law encompasses the restructure of the Mohammed bin Rashid Establishment for Young Business Leaders, which was launched as per Law No. 15 of 2002, and changes the Establishment’s name to Mohammed bin Rashid Establishment for SME Development. It also identifies a set of goals that focus on small and medium businesses to drive economic growth and contribute to strengthening the Dubai’s position as a hub for entrepreneurship, enterprise development and promoting of innovative ideas.
Commenting on the launch of the new Corporate Identity, Abdul Baset Al Janahi, CEO, Mohammed bin Rashid Establishment for SME Development, said: “The new corporate identity reflects the steps taken by the Establishment following the new law that covers different operational areas to boost the development of the SME sector. SMEs are a main pillar of growth for the Dubai economy.”
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