Khalifa Fund for Enterprise Development (KFED) hosted recently a forum on 'Strategic Alignments - Connections 2018' which combined high-level officials from government and local entities within the legislation and banking industry, as well as advancement organizations that support and fund local, little and average enterprises (SMEs) and entrepreneurs in the UAE. The event developed part of KFED's initiatives to promote domestic SMEs and support their growth, and apply innovative strategies to assist foster an entrepreneurial spirit in the country.

H.E. Abdullah Saeed Al Darmaki, Chief Executive Officer of KFED, said that Khalifa Fund plays a pivotal role in demonstrating the UAE's wise management in supporting the SME industry. He included: The Strategic Alignment Forum is in line with the UAEs strategy aimed at strengthening the SME sector, to ensure its active participation in the countrys sustainable development.

H.E. Al Darmaki included: "KFED will constantly share its expertise in financing, consulting and promoting entrepreneurship, imagination, and innovation amongst the young people, to government entities and establishments who went to the forum. We are certain regarding more boosting the duty of the SME field to guarantee its positive impact on the nationwide economy."

The forum was attended. by delegates from the Division of Economic Advancement in Abu Dhabi; the Abu Dhabi Chamber of Business and Industry; Dubai SMEs; Sharjah Entrepreneurship Center (Sheraa); Ruwad Establishment; Sandooq Al Watan; and the Emirates Growth Bank.

At the session, participants discussed strategies and explored numerous jobs and useful steps designed to generate and support a generation of effective entrepreneurs with the ability of adding to the country's expanding economic situation. The participants likewise explored ways to develop joint programs and efforts, help with the exchange of experiences and lessen waste in economic and human resources. The forum also served as a platform to create recognition concerning KFED's jobs and various other comparable initiatives of different entities in a bid to support Emirati business owners and the local SME industry, along with promote a positive interaction and networking mechanism within the industry.

KFED outlined its strategic projects for 2018 and gone over methods of joint executing the plan to attain the collection purposes, that include fostering a society of entrepreneurship in the nation and encouraging innovation and lasting development within the SME community on behalf of the UAE's social and economic advancement. KFED is additionally functioning in the direction of creating an appropriate business environment and giving funding options and integrated programs for entrepreneurs.

KFED intends to urge government, semi-government, and private entities to approve opportunities for the SMEs that add to their advancement and success. Khalifa Fund has actually wrapped up a number of arrangements with lots of government and private entities for the benefit of local entrepreneurs and SMEs aimed at boosting the performance of their tasks and enhancing their combination.