ME-ALLIANCE NEWS
UAE Ministry of Economy and Khalifa Fund Collaborate to Align OECD Entrepreneurship Policy Recommendations
The UAE Ministry of Economy, in collaboration with the Khalifa Fund for Enterprise Development, recently held a meeting to align their entrepreneurial strategies with OECD policy recommendations. The session, facilitated by Middle East Alliance Legal Consultancy, brought together key stakeholders, including Roland Berger (a UAE entrepreneur strategy consultant) , UAE development Bank, and others. Dr. Haitham Salman from Middle East Alliance Legal Consultancy provided an analysis of the Abu Dhabi SMEs Strategy that was prepared by OECD in collaboration with Abu Dhabi Department of Economic Developing. He addressed the economic role of SMEs in the economy of the emirates, and the methodology of drafting 51 Policy Actions out of 85 recommended in the strategy.
The participants emphasized the need for alignment with OECD recommendations at the federal level with AD SME strategy policy action in key areas (pillars) such as enhance access to finance, internationalization, and innovation. The discussions aimed to adapt these global best practices to the UAE’s unique economic landscape, ultimately fostering sustainable growth for small and medium-sized enterprises (SMEs) and startups in the country. This initiative marks a significant step toward creating a more robust entrepreneurial ecosystem in line with international standards.
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