The 2024 results contributed significantly to advance in Emirati entrepreneurship and accelerate the expansion of the SME sector.
These achievements are aligned with the objectives of the D33 economic agenda of Dubai, whose objective is to double the size of the city’s economy in 2033 and further consolidate its position as a leading global destination for business and leisure.
Dubai Sme commercial support
Last year he saw Dubai Sme reinforce his role as a catalyst for economic transformation and a promoter of Emirati entrepreneurship through a wide range of services and opportunities.
In 2024, Dubai Sme facilitated the launch of 3,461 new Emirati businesses, 524 more than in the previous year, which took the total number of SMEs compatible to 19,904 since 2002, the year was founded in which Dubai Sme.
The advice services were also offered to 3,075 entrepreneurs who benefited from the guidance and tutoring of experts, more than double the number backed in 2023, which has the total number of beneficiaries to 53,206 since 2002.
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In line with its mission of building operational excellence among new companies, the establishment delivered training programs and awareness sessions to 5,498 entrepreneurs in 2024, compared to 1,627 in 2023, which further reinforces the need for long -term success to be tea.
Dubai Sme also extended the commercial promotion and digital marketing support to 531 new companies in 2024, compared to 363 new companies in 2023, increasing the presence online or 3,989 entrepreneurs to date.
The Mohammed Bin Rashid Fund for SME (MBRF), Dubai Sme’s financing arm, remained essential to empower entrepreneurs through financial support, guidance and consulting.
In 2024, MBRF financed 44 projects, ascending to AED35.17m ($ 9.6m), increasing the total number of projects supported to 168 and the general value of founding AED137m ($ 37.3m) since its inception in 2015.
In addition, the Innovation Incubator Hamdan (HI2), an initiative of Dubai SME, supported 66 entrepreneurs in 2024, a significant increase of 29 companies in 2023, which reached 826 new companies with the support of the Thregage Guide.
Ahmad Al Room Almheiri, interim CEO of the establishment of Mohammed Bin Rashid for the development of small and medium enterprises (Dubai Sme), said: “Inspired by the visionary leadership of his highness Sheikh Mohammed al Maktoum sat the foundations for sustainable growth through innovative policies and robust support systems.
“As we continuously move towards the achievement of objectives D33, Dubai SME remains committed to support the growth of the next generation of entrepreneurs in several sectors. By providing financial and technical guidance, we allow companies to build the construction of the presence of the presence of presence of EMIRATI COMPANIES.
“Our achievements in 2024 reflect the tangible impact of our comprehensive strategy around support SMEs. By actively integrating entrepreneurs and Emirati talent in the SME ecosystem, we are empowering them to climb and boost their operations and boost their.
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Through 2024, Dubai SME launched transformative initiatives that amplified its scope. In February 2024, Dubai SME participated in the opening festival of Hatta Farming, where he exhibited entrepreneurs and SMEs of the agricultural sector of Hatta. Duration The Festival, Dubai Sme conducted a workshop to present their support services, inspiring and encouraging SMEs to convert ideas into viable companies.
Through MBRF, Dubai Sme launched an initiative to support SMEs based in the EAU affected by the rain that took place in April 2024.
The relief included the exception of financial assistance AED2.5M ($ 681,000), grace periods of up to six months and deferred loan reimbursements for eligible owners of SME Emirati.
Dubai Sme also continued supporting companies by giving them access and prominence in important events, which include:
- Global people: Dubai Sme continued his long association with Global Village, the main family destination of the region for culture, purchases and entertainment. Duration The 28th edition of Global Village, which extended until April 2024, Dubai SME assigned 30 kiosks to Emirati businessmen. Since 2005, this collaboration has supported more than 730 projects.
- Expand North Star 2024: Dubai Sme Participated in Expand North Star 2024, The Ultimate Super Connector Event for Global Startups and Investors, Showcasing Five of ITS MEMBERS ACROS SIVERAL SECTORS INCLUDING ARTIFICIAL INTELLIGNCE (AI) IN TOURISM, ENERGY INTERNET, AND AND AND AND AND’S) And’SS, and and and And’SS), and and and And and’s, and and and’s), and and and is, Yy of things), Yyyyyyyy), and -turiec, and. In addition, Hi2 sponsored the Emiatipreneur Expo 2024 that focused on Emirati promotion businessmen and innovative companies. Provided a platform for 50 EMIRATI companies with advanced business ideas to show their innovations, connect with investors and obtain market exposure
- Gulfood 2024: Dubai Sme supported 10 Emirati companies in Gulfood 2024, continuing a tradition of a decade of supporting new companies in the food and beverage industry. To date, Dubai SME has supported more than 120 of its members duration of this annual food exhibition
- Idea Lab 2024: In association with Intelak Hub, Dubai SME launched the Ideas Lab program in 2024, an intensive three -week initiative that equips the Emirati talent with business skills adapted for the aviation, travel and tourism sectors. Participants participated in workshops led by industry experts that cover design thinking, market analysis and business model development
- Emirarati Tech Founders Program (E-TFP): In collaboration with Bedayat Business Incubator, Dubai SMME introduced E-TFP in 2024 to empower Emirarati technological entrepreneurs. The program supported 20 new Emirarati technology companies in the development of sustainable solutions that address social, environmental and economic challenges, contributing to the net vision of the EAU and the objectives of economic diversification of Dubai.
Dubai SME plans for 2025 include the expansion of training programs, improve digital tools, offer electronic commerce platforms and forge new associations to raise emirati businesses.
By strengthening collaborations with interested parties and the cutting -edge technologies, Dubai SME is prepared to boost an even greater impact in 2025 and beyond.
