The Entrepreneur Business Village, the Mohammed Bin Rashid Establishment for Young Business Leaders initiative to create an entrepreneurial hub in Dubai, today signed a Memorandum of Understanding with the Australian Business Council – Dubai to expand and develop the emirate’s small and medium business sector.
Abdul Baset Al Janahi, CEO of the Mohammed Bin Rashid Establishment for Young Business Leaders, and Adam Malouf, Chairman of the Australian Business Council - Dubai, signed the MoU earlier today.
“Small and medium businesses play a critical role in supporting economic development in the UAE and worldwide, and we believe this agreement will be mutually beneficial for both the UAE and Australian communities,” Al Janahi said. “The partnership with the Australian Business Council - Dubai is part of MBRE’s mission to foster an environment conducive to business growth. It will also create added value as well as competitive advantages that will help entrepreneurs to develop their projects.”
The cooperation between the Entrepreneur Business Village and the Australian Business Council - Dubai will include the exchange of information and experience, the creation of a calendar for upcoming events and networking opportunities to connect the memberships of the two groups to new business opportunities.
Adam Malouf said: “Our affiliation with the Mohammed Bin Rashid Establishment for Young Business Leaders and the Entrepreneur Business Village complements the strong economic relationship between Australia and the UAE. This partnership aims to improve the performance standards of small and medium business in the country, through providing the required support to effectively help drive the economic development in the UAE.”
The Entrepreneur Business Village will provide business incubation support and mentoring help via the Mohammed Bin Rashid Establishment for Young Business Leaders, while the Australian Business Council – Dubai will encourage its members to join the village and become a part of its community.
The Entrepreneur Business Village, a brand new purpose-built one million sq. ft. facility, is located adjacent to the Clock Tower roundabout in Deira. The Village is one of several initiatives from the MBRE to unlock and cultivate the immense business potential among entrepreneurial Emirati, Arab and resident populations, and provides a comprehensive array of services and facilities to drive business.
About Entrepreneur Business Village
Entrepreneur Business Village (EBV), is Dubai’s Government’s latest landmark development in the heart of Dubai. The million square feet commercial development is set to be the regions Largest Business Incubation Park and the focal point for all regional Entrepreneurial Development activities.
EBV aims to provide a complete enabling environment which will be conducive to the growth of start up businesses and small and medium enterprises (SME). It will cater to 100% UAE national as well as mix ownership companies. Unlike most commercial real estate developments EBV will be particularly sensitive to the challenges of setting up and doing business in Dubai and will display a portfolio of offerings suited to the needs of the SME sector including leading incubation services.
EBV is an initiative of the Mohammed Bin Rashid Establishment for Young Business Leaders (MBRE) which is the lead government entity spearheading the Dubai government’s efforts to develop the Small & Medium size Enterprise (SME) sector of the emirate, as well as encouraging and enabling UAE national entrepreneurs to take an active role in the infused development. The establishment has a portfolio of members covering a wide number of industries, including service, trade, commercial, professional and industrial.
About Mohammed Bin Rashid Establishment for Young Business Leaders
Mohammed Bin Rashid Establishment for Young Business Leaders was launched on June 12, 2002 and was formed with a vision to nurture the entrepreneurial spirit in Dubai, encourage and facilitate the development of business and entrepreneurial activity among UAE nationals and catalyze the development and growth of a key sector of the economy, the small and medium business sector.
The Establishment’s key activities focus on creation of new businesses by offering a platform for ideas and financial support, inspiring entrepreneurial spirit among UAE nationals, raising awareness of business opportunities and spreading business knowledge and assisting and supporting enterprises run by UAE nationals through instilling best practice and providing them with market opportunities.
About Australian Business Council - Dubai
The Australian Business Council - Dubai (ABC) is one of the leading business groups in the GCC and the wider Middle East. The key objective of the ABC is to foster and promote trade and business relationships between Australia and the Gulf states, with a particular focus on Dubai and the Northern Emirates of the United Arab Emirates (UAE). Australia and the UAE have a long and rich history of business and trade relations, and the ABC has played, and continues to play a vital and integral role in nurturing this relationship. The ABC currently has over 800 corporate and individual members across all industry sectors.
From a strategic perspective, the ABC seeks to achieve this objective by providing a networking forum for members to help further develop business and trade ties between the two countries. ABC members have access to regular business lunches, special interest breakfasts and seminars to gain access to information and build their networks. These events always feature keynote speakers, who have a breadth and depth of experience in the region that they can impart to members.
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