A newly expanded Dubai Government programme will open the door for budding expatriate entrepreneurs to apply for start-up assistance from the first quarter of next year.
The Mohammed Bin Rashid Establishment For SME Development (MBRESD) scheme, currently only available to Emiratis, assists start-ups in developing innovative business plans through mentoring, government aid, networking and financing assistance.
Small and medium-sized enterprises (SMEs) account for roughly 85 per cent of all employment in the UAE and contribute to 46 per cent of its GDP, recent estimates have shown.
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