Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding with the World Entrepreneurship Forum to host the UAE chapter of the forum to promote entrepreneurial idea exchange and networking in the region. Dubai will be the first city in the Middle East to host a local chapter of the World Entrepreneurship Forum in December this year and Dubai SME will be responsible for co-ordinating the local chapter through co-shaping policy ideas with regional key stakeholders to influence change and advance entrepreneurship as a core strategy for socio-economic development.
The programmes and activities of the World Entrepreneurship Forum focus on four key pillars – creating innovative and high-growth companies for job creation; developing entrepreneurship at the bottom of the pyramid to alleviate poverty and create new markets; shaping entrepreneurial cities; and implementing entrepreneurial education. Building on Dubai’s position as a hub of innovation and entrepreneurship, Dubai SME and the World Entrepreneurship Forum will work towards putting together a well-rounded local chapter that will advance the forum’s mission and help entrepreneurship in the Middle East and North Africa move to the next level.
“Dubai has seen major strides in growing into a modern entrepreneurial hub recently in the spheres of policy and strategy. Integrating fast-evolving economic and financial knowledge into our rich entrepreneurial traditions is essential to the success of our efforts. The World Entrepreneurship Forum will be a perfect fit with Dubai SME’s efforts in this direction,” believes Abdul Baset Al Janahi, CEO of Dubai SME.
“Our local chapters have the very important mission to source successful entrepreneurs, academics, experts and policy makers, and identify best practices to be showcased at an international level. Dubai happens to be an excellent place to gather all key stakeholders of the region,” remarks Tugrul Atamer, executive chairman of the World Entrepreneurship Forum.