DUBAI SME hosts delegation from Ajyal Club in Ras Al Khaimah
Dubai SME, the agency of the Department of Economic Development (DED), Government of Dubai, entrusted with the development of the small and medium enterprise (SME) sector, recently hosted a delegation from the Ajyal Club representing different schools in Ras Al Khaimah to introduce them to the importance of entrepreneurship and its role in economic growth.
The initiative was part of Dubai SME’s efforts to promote creative talent among students and enhance their role in the society.
Sahar Abdulla, Manager, Development Advisory Services in Dubai SME, who received the students, spoke on the concept of entrepreneurship and gave a presentation on Dubai SME and its services for entrepreneurs as well as the requirements for starting a business.
Sahar also spoke about the Young Entrepreneur Competition (YEC) launched by Dubai SME in 2004 to inculcate entrepreneurial skills and aptitude among students in high schools, colleges and universities across the UAE. The competition focuses on providing insights into the comprehensive business environment in Dubai in order to encourage students to start their own businesses and drive innovations within a competitive environment.
Representatives from Dubai SME accompanied the visiting delegation to Dubai Creek Park to introduce them to one of the successful SME initiatives that was launched by Dubai SME. Tarif Al Zaabai, General Manager of Go Glocal for Educational Consultancy, presented an educational workshop using Lego blocks, a technique aimed at using the mind and hands simultaneously on a project. The students used the Lego blocks and built models of different projects including commercial buildings, advanced police stations, schools and universities, and reading areas.
Ahmed Mohamed Al Hammadi, Director of Ajyal Club, praised the role of Dubai SME in supporting entrepreneurs and providing necessary counsel on turning projects into reality. He singled out YEC as an important initiative that gives students the opportunity to learn how to manage businesses, encourages new enterprise, and helps entrepreneurial talents to overcome the challenges they may face in the future.
Al Hammadi added that introducing the visiting students to a model project was a useful way to enhance creativity among them and inspire them to turn their ideas into actual projects.
Mohammed Bin Rashid Establishment for Small and Medium Size Enterprises
In September 2009, His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai issued Law No.23 of 2009 concerning the Mohammed Bin Rashid Establishment for Small and Medium Size Enterprises, recently renamed the Mohammed Bin Rashid Establishment for Young Business Leaders.
The law defines the goals of the establishment for strengthening Dubai’s position as a centre for entrepreneurship and allows for the setting up of projects which encourage entrepreneurship and the innovative ideas of youth. This move seeks to motivate youth to work, as well as to pursue economic activity, such as the development and organisation of programs and initiatives.
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