Dubai Industrial City, a member of TECOM Investments, today announced it has signed a Memorandum of Cooperation with the UAE-based Entrepreneurs Forum in support of a joint effort by the two organizations to create a platform for encouraging and supporting UAE nationals to actively participate in the growth of the national economy and establish the concept of self-employment among young citizens.
The initiative also aims to develop the small and medium enterprise sector in the region, through the exchange of experience and management practices.
The Memorandum of Cooperation was signed between Abdullah Belhoul, Managing Director - Manufacturing and Logistics Cluster, and Abdul Sahib Al Sajwani, Secretary of the Entrepreneurs Forum.
Belhoul said: "We are committed to fostering the growth of the small and medium enterprise sector in the UAE and increasing the participation of nationals in the industrial sector. The agreement will enable members of the Entrepreneurs Forum to have access to various industrial facilities that the city provides at preferential rates as well as support in terms of shared experience and best practices."
Dubai Industrial City will provide facilities for members of the Entrepreneurs Forum in the leasing of warehouses, labour accommodation and commercial offices, establishing industrial projects and marketing their products through internal and external marketing channels.
Al Serkal said: "The aim of Entrepreneurs Forum has been to encourage and support young nationals to adopt awareness about the growing importance of small businesses through inculcating them with leadership and cognitive skills. We believe the key to the region's economic growth is measured by driving employment, ensuring the successful diversification of the economy and helping these new markets to become more competitive on the international stage. Our agreement with Dubai Industrial City reflects the commitment of both organisations towards fostering this principle."
Located on Emirates Road near the new Al Maktoum International Airport, Dubai Industrial City offers a strategic advantage due to its proximity to major highways and the Jebel Ali Port. The 560 million sq ft dedicated manufacturing destination comprises six industrial clusters for food and beverage, base metal, mineral products, chemicals, transport equipment & parts and machinery & mechanical equipment.
Designed to incorporate additional facilities for logistics, warehousing and labour accommodation, Dubai Industrial City serves as an integrated one-stop destination, providing tenants with a critical competitive advantage in terms of cost and business efficiencies, as well as strategic location and ability to export goods tariff free to countries governed by bilateral free trade agreements.
Established in Dubai in 2004, the Entrepreneurs´ Forum focuses on supporting and developing small and medium businesses in both Dubai and the UAE. Towards this objective, it continues to build strategic agreements with organizations that pursue a shared vision and has to date created a membership base of over 1,000 small and medium businesses.
