Sheikh Hamdan dedicates 500 million AED to the Dubai Global Growth Fund
The Honorable The Crown Prince of Dubai and Chairman of the Executive Council of the Emirate of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has presented the 500 million dirham "Dubai Global Growth Fund," a ground-breaking project.
This fund, which is expected to start operating next month, is the product of cooperation between Emirates NBD and the Government of Dubai.
Speaking on the "X" platform, His Highness emphasized the remarkable international success stories that have originated from Dubai in recent years. Entrepreneurs and companies that originated in Dubai have not only flourished but have also made a significant impact globally through their innovative initiatives, ideas, and projects.
In a bid to bolster the small and medium enterprises (SMEs) sector, His Highness Sheikh Hamdan underscored the launch of the "Dubai Global Growth Fund." With a substantial fund size of 500 million dirhams and in collaboration with Emirates NBD, this initiative is geared towards providing comprehensive support to entrepreneurs. The fund is scheduled to commence its services in the upcoming month.
His Highness conveyed a powerful message to entrepreneurs worldwide who have chosen Dubai as their launchpad. He assured them of Dubai's unwavering support, both locally and internationally, recognizing them as integral partners in Dubai's achievements. Furthermore, he highlighted their essential role in contributing to the realization of all the objectives outlined in the Dubai Economic Agenda D33.
This strategic move not only demonstrates Dubai's commitment to fostering a conducive environment for business growth but also signifies the emirate's dedication to propelling global entrepreneurship. The "Dubai Global Growth Fund" is poised to play a pivotal role in nurturing and catalyzing the success of emerging businesses, solidifying Dubai's status as a dynamic hub for innovation and economic prosperity.
