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Al Bahar and Al Darmaki ... boost for entrepreneurs.

Abu Dhabi Co-op to boost services to Khalifa Fund

ABU DHABI, July 6, 2015

Abu Dhabi Co-Operative Society has signed an agreement with Khalifa Fund, which has a focus on enterprise development, aiming to enhance services to entrepreneurs and to assist them to market their products in a better way.

Ibrahim Abdulla Al Bahar, the CEO of Abu Dhabi Co-op and Abdullah Saeed Al Darmaki the CEO of Khalifa Fund signed the agreement on Sunday in the Co-op headquarters.

The agreement includes facilities such as 75 per cent discount on registering in suppliers’ book, priority in supply, 60 per cent discount on registering the products and renting the main shelves for three years.

The Co-op also grants the Fund’s members special features in monthly collection after passing the period of testing the goods moving that lasts for three to six months.  The agreement also grants the Fund’s members the supply priority after assuring they obliged to the Co-op regulations.

“The MOU will open up broad prospects for the projects funded by Khalifa Fund for Enterprise Development especially for those who are specialized in retail sectors; like food industry, sweets, perfume, accessories and Zaarie member,” said Al Darmaki.

“The agreement aim to enhance the innovation spirit in the country, encourage business start-up among the Emiratis youths, as well as encouraging developing a vital economy sector such as small and medium enterprises sector.

“Providing the small and medium enterprises supported by Khalifa Fund such facilities and privileges will increase their competiveness abilities and will enhance their performance in order to be able to grow. We encourage the government entities and national companies to give the support for those projects to ensure their growth,” he added.

Al Bahar said: “The agreement provides number of better encouraging privileges and conditions for the entrepreneurs funded by Khalifa Fund. The Co-op will provide technical support for the entrepreneurs in vocational training field.  Also, [the Co-op] will provide the suggestion to improve their services and products quality.”

Based on the agreement the Abu Dhabi Co-op will organized training sessions for the interested entrepreneurs in the field of retail and give them counselling services. The training session will include information about work mechanism and the production chain from receiving the products, storage, distribution as well as accounting systems. – TradeArabia News Service




Tags: Khalifa Fund |

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