Dubai Chamber launches programme to support SMEs


June 24, 2020 | By RetailME Bureau

The Dubai Chamber of Commerce and Industry has announced the launch of its Business Mentoring and Support (BMS) Programme, a CSR initiative designed to help small and medium enterprises (SMEs) in Dubai. The programme seeks to support SMEs to navigate new challenges posed by the COVID-19 pandemic, by pairing them with large corporations that can offer support and mentorship where needed.

The programme, established by Dubai Chamber’s Centre for Responsible Business, will see SMEs in Dubai paired with large companies offering professional advice and resources tailored to unique needs, helping participants strengthen business skills and competencies. At the same time, it provides an opportunity for large corporates to enhance their CSR impact and contribute to the development of Dubai’s economy.

The Coca-Cola Company will launch the first initiative supported by the Dubai Chamber BMS Programme. As part of Coca Cola’s ‘Open Like Never Before’ initiative, the company will donate 250,000 face masks and $240,000 worth of products to 3,000 restaurants and small stores across the UAE. As part of the initiative, The Coca-Cola Company will advise the retailers with in-store safety communications and social awareness campaigns designed to encourage customers to support local stores.

“Given the unprecedented challenges faced by SMEs in the current business landscape, it was a natural move for Dubai Chamber to create a programme providing these enterprises with valuable support and resources in the key challenge areas, in a way that not only addresses immediate needs but also helps them develop and grow into thriving businesses,” said Dr. Belaid Rettab, senior director, economic research and sustainable business development sector, Dubai Chamber.

Beyond the short-term business benefits, the programme also aims to create a business support ecosystem and platform that builds stronger links between large companies and SMEs in Dubai, while it also offers many far-reaching benefits for participants – such as recognition, training, CSR support, mentorship and business partnerships.

 

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