UAE Ministry of Economy partners with FOODICS to boost F&B SMEs

The UAE Ministry of Economy has announced a strategic partnership with FOODICS, a cloud-based restaurant technology and payments platform in the MENA region, aimed at achieving a strong partnership between the public and private sectors to foster SME growth locally and globally.

The Ministry and Foodics will together promote mutual exchange and cooperation to support SMEs in the F&B sector with services and products geared to expedite their inception and growth by embracing innovation, adapting new technologies, optimising corporate strategies and boosting business operations.

Also read: UAE tops MENA in Global Food Security Index 2022

As part of the agreement, the two entities will collaborate on several initiatives to support SME growth. Some of these activities will include workshops that will enable selected UAE-based F&B enterprises to optimise strategies and business operations, improve supply chain management, boost sales and marketing strategies as well as financial performance. Foodics will also offer exclusive rates and benefits of its products and solutions through the Ministry’s Entrepreneurial Nation platform and will facilitate industry and market insights to catalyse and ease the growth of the sector and its stakeholders.

“Fostering the growth of the wider entrepreneurial ecosystem has always been part of our company’s DNA, and, today, we are thrilled to be able to extend our efforts to the UAE F&B sector through our collaboration with the UAE Ministry of Economy. I would like to personally thank HE Abdullah bin Touq Al Marri for his inspiring vision and his trust in Foodics, and I look forward to, together, strengthening the UAE’s status as a destination for global business and entrepreneurship in the F&B sector,” said FOODICS CEO Ahmad Al Zaini.