Dubai SME, an agency of Department of Economic Development, and the Dubai International Financial Centre (DIFC) have signed a MoU to jointly promote small and medium enterprises (SMEs) in the UAE.

Commenting on the agreement, Abdul Basit Al Janahi, chief of Dubai SME, said it will provide a comprehensive incentive package for SMEs and facilitate their access to the world-class operating environment and knowledge resources in DIFC as well as establish exceptional partnerships for growth.

“The MoU also shows how institutions in Dubai can create the perfect synergy to promote the SME sector, projected to lead growth worldwide, and achieve the larger development goals of the emirate,” added Al Janahi.

“DIFC is proud to motivate SMEs through providing a business platform for them to exchange expertise and best practices with the elite global companies in DIFC,” stated Abdulla Mohammed Al Awar, chief of the DIFC Authority.

The MoU states that DIFC will offer a number of incentives to Dubai SME members to start their business in the free zone and preferential treatment in DIFC’s procurement, as laid down by the Government Purchasing Programme (GPP).

Dubai SME will provide necessary assistance and information to the DIFC Authority to identify qualified SMEs and will also brief SMEs on procurement opportunities and procedures at DIFC.-TradeArabia News Service