Supporting businesses in Dubai

Supporting businesses in Dubai - Makebiz

The Government of Dubai together with Emirates NBD has decided to implement a project aimed at assisting and supporting SMEs registered in Dubai. As a result, a fund — Dubai International Growth Fund for SMEs — has been established, with AED 500 million allocated. 

Key points of the initiative:

  • available to citizens of any nationality;
  • the opportunity to finance a company up to AED 15 million for a period of up to 7 years;
  • subsidized interest rate is available for participants.

The support is open to businesses based in Dubai that demonstrate a successful and sustainable business model. It covers the e-commerce, food and beverage, FMCG, manufacturing, services and retail sectors. A special committee will select the companies that have applied on the Emirates NBD website. 

It is worth remembering that an eligible company is one with a maximum of 250 employees and an annual turnover of less than or equal to AED 250 million.

The International Growth Initiative aims to expand the influence of SMEs in the international economy through financial assistance and innovative solutions.

Read other articles on this topic: