The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has formed a working group aimed at supporting the success of startups and small and medium-sized enterprises (SMEs) in the emirate.
The Startups and SMEs Working Group will collaborate with government and private sectors to address challenges, promote innovation, and drive economic diversification for sustained growth, ADCCI has said in a press release.
Currently, over 46% of the emirate’s workforce is employed by startups and SMEs, which contribute 42.8% to Abu Dhabi’s non-oil GDP.
“The Startups and SMEs Working Group will be responsible for developing plans and proposing policies, which will seamlessly attract representatives from these enterprises to enter into promising sectors, particularly modern technology sectors experiencing significant local and global advancements,” said Fouad Darwish, Board Member of ADCCI and Chairman of the Startups and SMEs Working Group.
The group is also expected to spearhead numerous programmes, initiatives, and activities tailored to furnish startups and SMEs with the necessary guidance and skills to achieve success.
“The establishment of the Startups and SMEs Working Group marks a significant stride in fortifying the growth trajectory of this crucial sector,” added Ahmed Khalifa Al Qubaisi, CEO of ADCCI. “Over the past years, it has experienced a qualitative leap that is attributed to the collaborative efforts of ADCCI and government entities in the Emirate, fostering an enabling environment conducive to the growth of these enterprises.”
The sectoral working groups aim to build bridges of communication between government entities and the private sector, playing a crucial role in attracting investors and fostering sustainable economic development in Abu Dhabi.
