Ministry of Economy partners with UPS to support UAE SMEs

The ScaleUp Export program supports the export capacity of start-ups and SMEs in the UAE.

The Ministry of Economy, together with UPS, a global logistics and shipping company, launched the “ScaleUp Export” initiative under the Entrepreneurial Nation, which was launched by the ministry in November 2021.

Abdullah Bin Touq Al Marri, Minister of Economy, said that the UAE, based on the vision of its wise leadership and in line with the “principles of 50”, continues its efforts to advance the leadership sector and support SMEs, given its role as a key pillar in building a future economy based on knowledge, innovation, diversity and competitiveness. “The Department of Economy, in partnership with various relevant federal and local government entities and in cooperation with the local and international private sector, is working to provide every opportunity for entrepreneurship prosperity and rapid growth of SMEs that strengthen their contribution to the growth of the national economy,” he added.

Bin Touq explained, “The past phase has seen the launch of a distinct set of initiatives and programs under the ‘Entrepreneurial Nation’ umbrella, which aims to bring about a qualitative change in the business support environment. entrepreneurship, start-ups and SMEs. in the United Arab Emirates and enhance their attractiveness for entrepreneurial projects around the world, through a series of partnerships with global institutions and companies in various fields. The launch of ScaleUp Export, in collaboration with UPS, is part of the continuity and extension of the “Entrepreneurial Nation” initiatives with the aim of supporting its growth and providing the tools and information necessary to increase its export volume to foreign markets and develop its business sustainably. He also noted that the program is designed to support the strategic goal of entrepreneurial nation by providing a catalytic environment for the development and incubation of 20 unicorns in the country by 2031.

The ScaleUp Export program supports the export capacity of start-ups and SMEs in the UAE. It also aims to improve access for their products and services to global markets through a range of tools and support programs and through a range of targeted local and international partnerships with relevant sectors.

Registered companies can access a range of experts and advisers in various sectors through the programme. It facilitates technical and legal consultations, as well as special shipping rates. The program also provides training and mentoring opportunities, organizing technical workshops to increase their exports to global markets. It also offers mentoring and supervision programs, as well as seminars on target export markets.

The Ministry of Economy explained that SMEs duly licensed and registered in a certain emirate can avail the services of this program by registering through the Entrepreneurial Nation website using the following link https://theentrepreneurialnation. com//. SMEs must meet one or more of the following required standards, which will be verified and reviewed by both the ministry and UPS: The business must be active in the following industries: e-commerce, high-tech, or general electronics. The company must be a manufacturer of one of the following goods: clothing, fashion accessories, consumer electronics, mobile phones, spare parts, machinery parts.- The company must currently export and wishes to increase its exports by activating existing products or by expanding its markets and sales channels. The company must have a high export potential, as each case will be assessed individually. The company must export weekly or every two weeks or plans to do so.

The National Program for Small and Medium Enterprises of the Ministry of Economy recently organized several training workshops for Emirati entrepreneurs and SME owners to highlight the mechanisms for mobilizing markets and tenders presented by partner entities under this program through the public procurement system. The workshop, organized in collaboration with partners, also highlighted the opportunities offered by the programme.

Faisal Al Hammadi, Acting Deputy Under-Secretary for Entrepreneurship and SMEs, said the UAE, in line with the vision and direction of the leaders, is taking a strategic approach to advancing national entrepreneurship as a driver of the country’s future economy and pillar of the new national economic model based on resilience, diversification and sustainability. It also conforms to the ‘Projects of the 50s’. Al Hammadi noted that the Ministry of Economy continues its efforts and initiatives in partnership with relevant federal and local government entities, and in cooperation with the local and global private sector as well as academic and research institutes. “The public procurement system is an important source of support for Emirati entrepreneurs. Through the training workshops, we seek to increase the market share of Emirati entrepreneurs and enhance their contribution to the national economy by facilitating their access to government procurement transactions presented through the program platform.

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