Public-Private Pact Boosts Emirati Businesses in Dubai

Dubai, United Arab Emirates - In a move designed to bolster the growth of Emirati-owned small and medium enterprises (SMEs), Dubai SME, a subsidiary of the Dubai Department of Economy and Tourism (DET), has joined forces with the prominent conglomerate Danube Group. This strategic collaboration aims to expand market opportunities and diversify the buyer base for Emirati businesses.

The official signing ceremony, held at Danube Properties Headquarters in Dubai, solidified the partnership between H. E. Abdelbaset Mohammed Al Janahi, CEO of Dubai SME, and Rizwan Sajan, Founder and Chairman of Danube Group. The agreement signifies a significant step forward in achieving the ambitious goals outlined in the Dubai Economic Agenda, D33. This economic blueprint prioritizes solidifying Dubai's position as a leading global center for business and leisure activities.

Highlighting the significance of the public-private partnership, H. E. Abdelbaset Mohammed Al Janahi emphasized its alignment with the visionary leadership's commitment to establishing Dubai as the preeminent city to live, work, and visit. He described the agreement as a testament to the success model Dubai has established through public-private collaborations, which are instrumental in realizing the D33 Agenda. Al Janahi further elaborated on the partnership's potential to generate substantial revenue growth and job creation for Emirati SME members. By connecting these businesses with private sector buyers and streamlining the tendering process, the initiative fosters an environment that encourages competition and innovation. He expressed his gratitude for the continued support extended by prominent private sector entities like Danube Group, underlining the importance of ongoing collaboration with stakeholders to strengthen Dubai's economic landscape.

Rizwan Sajan, echoing Al Janahi's sentiments, expressed his pride in partnering with Dubai SME to empower the growth and development of Emirati SMEs. He acknowledged Dubai's position as a hub brimming with opportunities and emphasized that the agreement reflects Danube Group's unwavering dedication to supporting and empowering Emirati businesses.

This strategic alliance is expected to yield significant benefits for Emirati SMEs. By facilitating access to a wider range of buyers within the private sector, the collaboration opens doors for increased sales and market share growth. Streamlining the tendering process is anticipated to make it easier for Emirati businesses to secure contracts, leading to a more level playing field and fostering a spirit of healthy competition.

The partnership between Dubai SME and Danube Group represents a significant stride towards bolstering the Emirati SME sector, which plays a crucial role in Dubai's economic diversification and overall growth. By fostering an environment that encourages innovation and empowers local businesses, this initiative paves the way for a more vibrant and sustainable economic future for Dubai.

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