UAE Ministry of Economy said it has signed a MOU with Tanmia, the National Human Resource Development and Employment Authority, to strengthen national creativity and innovation in SME sector.

UAE Minister of Economy Sultan Saeed Al Mansouri and chairman of Tanmia’s Board of Trustees, Ahmad Humaid Al Tayer signed the agreement.

Al Mansouri said developing small and medium businesses was a top priority for the ministry and in line with the federal strategy of the UAE that aim to drive the growth of SMEs as a key contributor to economic growth.

The step comes in line with the new economic direction of the UAE to develop the SME sector as a major supporter of the national economy, he added.

He said the MoU was part of a national strategy to support UAE nationals to play an active role in small and medium businesses by co-ordinating with concerned government departments.

“The MoU is committed to support creative and innovative UAE nationals and translate their ideas into effective projects in the SME sector. This comes in line with Ministry’s direction to enhance the culture of innovation. We already signed an agreement with Arizona University to support this,” Al Mansouri said.

“We are keen to offer UAE nationals an ideal environment for SME businesses and we will support them to achieve their targets through training and guidance in association with Tanmia. We also aim to increase the participation of UAE nationals in the economic sectors that lack the presence of nationals,” he added.

Al Tayer said the MOU will be an ideal opportunity for cooperation with the Ministry of economy  by supporting UAE national job seekers and offering them training programmes and creating awareness on the importance of the small and medium businesses.-TradeArabia News Service