TECOM Group, a member of Dubai Holding, and Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, have renewed and expanded their strategic partnership to support a wider pool of entrepreneurs and SMEs across sectors and enable them to thrive in Dubai.
Through this dynamic partnership, the two ecosystem enablers will continue to support Emiratis looking to start or expand their business by providing tangible benefits for easier market entry, and will extend their support for the first time to reach a wider pool of entrepreneurs and SME business owners from neighbouring Gulf countries who are looking set up or expand their ventures in the Dubai.
Malek Al Malek, CEO of TECOM Group said: “Boosting Dubai’s attractiveness as a business destination for leading companies and new start-ups is at the core of what we do at TECOM Group. This strategic partnership will allow us to support more local entrepreneurs and help turn their innovative ideas into businesses that contribute to Dubai’s vibrant economy.”
“Supporting the Emirati entrepreneurship ecosystem is crucial, as it is a building block of a sustainable innovation-based economy,” Al Malek added.
H.E. Abdul Baset Al Janahi, CEO of Dubai SME, commented: “Through our continued partnership with TECOM Group we aim to deliver seamless business solutions and outstanding facilities for our members. Dubai SME strives to extend comprehensive support and opportunities for entrepreneurs throughout their business journey. We are confident of this partnership providing innovative initiatives and strategies to build the next generation of transformative start-ups and bring added value to our existing SMEs.”
Al Janahi added: “Dubai SME is keen to extend its scope of its services to support SMEs across the GCC and provide the required financial and advisory support to entrepreneurs. Along with our partners we place our members on the best path for success in the ever-evolving business landscape.”
Through this partnership, TECOM Group provides support in the form of tangible benefits, preferential rates, and business set up support to Dubai SME members across its ten business communities, which include Dubai Internet City, Dubai Media City, and Dubai Design District among others.
Since its founding as a vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates, and ruler of the Emirate of Dubai, TECOM Group has been recognised as a key economic contributor to the inspiring transformation story of Dubai. In the past 20 years, the Group has successfully attracted over 6,500 businesses and over 95,000 professionals across ten business communities. In 2013, the Group has launched start-up incubator “in5” to support home-grown innovation, and it is now home to over 200 start-ups incubated within three innovation centres operating across the media, design and tech verticals.
Dubai SME was developed as a resource for support, information and outreach for the growing small and medium enterprise sector in the UAE. With local and international strategic partners, Dubai SME has progressively expanded the scope of its services and facilities to the wider GCC and regional markets while paying special attention to promoting the spirit of innovation and talent in the industry as well as financial and advisory support to entrepreneurial ideas and projects.