Khalifa Fund targets five sectors that support economic diversification

The Khalifa Fund for Business Development was targeted by five key strategic sectors in 2018: Leisure and Recreation, Services, Professional, Scientific and Technical Activities, ICT and Support Services, all of which are strong pillars of diversification. economic. This is part of IFAD's vision of improving the competitiveness of SMEs and contributing to social development for the benefit and development of the community.
The Khalifa Fund aims to rehabilitate a new generation of entrepreneurs and to deepen the entrepreneurial culture of young people. For citizens, in addition to supporting innovative projects and moving from economic entrepreneurship to innovative entrepreneurship in the UAE, on the basis of quality initiatives aimed at optimizing investments in national capacities innovative.
This year, the fund aims to support national entrepreneurs in small and medium-sized enterprises, who want to work in the most dynamic and active sectors, which promises a prosperous and promising future.
Al-Darmaki pointed out that there are about 209 projects in Abu Dhabi and in the northern regions of the country in these target areas, where the Fund pays great attention to the development of small and medium enterprises in the country. The need to develop and strengthen the role of nurseries, which aims to transform the creative ideas of citizens into flagship projects applicable and favorable to the trajectory of social and economic development of the country, with a view to increasing the number of SMEs in these sectors
The Khalifa Fund is based on key sectors that constitute a fundamental pillar of economic growth and that foster the spirit of enterprise, creativity and innovation among young people. Namely the sectors of agriculture, fishing, industry, food and retail.
Agricultural projects and fisheries projects reflect 223 projects funded by the Khalifa Fund in the emirate of Abu Dhabi and the northern regions of the country, all based on state-of-the-art technology and technology. On the other hand, the number of industrial projects is about 190 projects in Abu Dhabi and in the northern regions of the country, which the Fund supports and supports in accordance with the Government's plan to increase the contribution of the industrial sector to 25%. GDP. With respect to the food sector, the Fund supports 133 successful and promising projects while 146 projects are funded in the retail sector in Abu Dhabi and the northern regions of the country
The Khalifa Fund provides not only financial support but also non-financial services. Counseling and training programs to stimulate the spirit of enterprise and contribute to social development to contribute to the development of the local community of the United Arab Emirates, in addition to the promotion and development of small and medium medium-sized enterprises in the emirate of Abu Dhabi and the UAE In addition, it is committed to enabling the participation of SMEs in the development of the growing national economy through a set of services including building the capacity of entrepreneurs and providing them with the skills to successfully manage their projects. Possible facilities and others. (WAM)