Media ININ Economy We Trust
Rasha Mohammed \ Abu Dhabi
The Khalifa Fund for Enterprise Development has attracted the youth of the country to provide them with a wide range of opportunities to invest and set up their own businesses, in accordance with a vision aimed at leading the process of promoting leadership and initiative among citizens and enhancing the competitiveness of SMEs.
Since its inception, the Khalifa Fund has been operating from two pillars. One of them is the strengthening of the SME sector in the country. In this area, it provided direct cash financing of about AED 1 billion and 420 million, benefiting 1,165 projects nationwide by the end of 2015.
The second pillar of the Fund’s work and activities was aimed at spreading the entrepreneurial culture among young people. The Fund was able to train 7,200 citizens and citizens on entrepreneurship.
Innovation Center
As part of its development plans, the fund has launched the Khalifa Innovation Center, which is expected to reach AED 200 million in five years. The project is expected to accommodate about 15 projects annually, ranging from 6 months to 3 years. To give the full opportunity for innovators to develop their ideas and models of their work and turn them into investment projects.
The Khalifa Fund for Enterprise Development is keen to continue its efforts to cooperate with various entities and explore opportunities for cooperation that lead to mutual benefits that benefit the entrepreneurs covered by the Fund. Partners and stakeholders, to grant members a package of facilities.
In the past years, the Fund has provided programs and initiatives in line with Abu Dhabi Plan 2030 aimed at building a sustainable and balanced knowledge economy away from dependence on oil as the sole source of income.
