Dubai launches AED 500 million SME growth fund

Dubai has launched the 'Dubai International Growth Initiative for SMEs' to support small and medium-sized enterprises and accelerate their progress and global expansion, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, has announced.

Developed through a partnership between the Dubai Government and Emirates NBD, the AED 500 million fund has been inspired by Dubai's vibrant business environment which has fostered the creation of numerous global success stories and inspired entrepreneurs to make a remarkable impact with their ideas and initiatives, Sheikh Hamdan said.

Posting on social media, His Highness highlighted entrepreneurs worldwide who have chosen Dubai as their launchpad, writing that they extend their steadfast support locally and internationally.

He added that entrepreneurs "are key contributors to Dubai's success, and your partnership is vital to achieving the goals of the Dubai Economic Agenda D33".

Dubai's vibrant business environment has fostered the creation of numerous global success stories and inspired entrepreneurs to make a remarkable impact with their ideas and initiatives. Today, we are delighted to announce the launch of the 'Dubai International Growth Fund for… pic.twitter.com/JHy8J5V5AE

— Hamdan bin Mohammed (@HamdanMohammed) January 28, 2024