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The Mohammed Bin Rashid Institution for the Development of Small and Medium Enterprises, Dubai Economic Corporation, announced the results of the study prepared for the celebration of the Day of Micro, Small and Medium Enterprises in conjunction with the World Day of Small and Medium Enterprises . The study, which began in the first quarter of this year, shows that the contribution of small and medium-sized enterprises to Dubai's GDP increased from 40% in 2009 to 47% in 2016. This confirms the importance of role played by businesses in the Economic growth of the emirate sector Despite slowing global economic growth .
The study, which released its results yesterday, said that, moreover, SMEs in Dubai have continued to find more job opportunities, increasing their contribution to 52.4 % of strengths With regard to the age of businesses in Dubai, the study found that younger companies account for about 50% of businesses registered in the emirate, which confirms the fact that there is no business. Dubai's attractiveness as a global hub. To attract entrepreneurs, people with skills and experience to establish their businesses and to transfer knowledge and innovation As the emirate because of its quality of investment opportunities , supported by the possession of a developed infrastructure and a flexible framework provides a favorable legislative environment for investors
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