Small and medium-sized enterprises (SMEs) in Abu Dhabi make up over 90% of businesses, employ nearly half of the workforce, and contribute 42.8% to the emirate’s non-oil GDP.
Moza Obaid Al Nasri, Acting CEO of the Khalifa Fund for Enterprise Development, has emphasised the crucial role of SMEs in fostering economic growth, innovation, and diversification within the region, as reported by WAM.
Abu Dhabi has developed a competitive and inclusive business environment, noted for its rapid growth as one of the leading startup ecosystems in the MENA region, boasting a 28% increase in value.
The ‘Falcon Economy’ strategy, aimed at high-growth sectors, is central to ongoing efforts to create a supportive regulatory and financial environment for SMEs. These initiatives encourage innovation and sustainable growth, backed by strategic investments.
As Abu Dhabi Business Week approaches, Al Nasri reaffirmed the emirate’s dedication to empowering SMEs by providing resources and networking opportunities to tackle business challenges.
