KFED and ADPIC sign strategic agreement to collaborate on infrastructure development in Abu Dhabi
The agreement was signed by Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development and H.E. Maysarah Mahmoud Eid, Director General of ADPIC, during the Abu Dhabi Infrastructure Summit, held recently at the Abu Dhabi Energy Centre. The strategic decision reaffirms both entities' commitment to accelerating industrial development and offering innovative solutions to entrepreneurs operating in the infrastructure sector.
Most notably, the agreement seeks to accomplish key objectives –providing targeted procurement support programs for SMEs, connecting these enterprises with government and private sector entities across Abu Dhabi to capitalise on available procurement opportunities, and facilitating cooperation and participation in SME-focused programs and activities in the emirate to promote the sustainable development of the sector.
Commenting on the agreement, Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development, said: 'We are pleased to further strengthen our partnership with ADPIC through this strategic agreement, enabling us to empower entrepreneurs and enhance their role in Abu Dhabi's vital infrastructure sector. The collaboration fuels our shared commitment to supporting SMEs and fostering an environment that promotes innovation and growth, which aligns with the forward-thinking vision of our wise leadership and Abu Dhabi's goals of building a more sustainable and advanced future.'
H.E. Maysarah Mahmoud Eid, Director General of ADPIC, added,'This strategic partnership with the Khalifa Fund is a pivotal step in strengthening Abu Dhabi's economic ecosystem. Our collaboration underscores ADPIC's commitment to a holistic approach to infrastructure development. By actively supporting our SMEs and integrating them into critical infrastructure projects, we are fostering innovation and local content while also diversifying our supply chain, driving sustainable growth, and building a more resilient and inclusive economy for the future of our Emirate.'
The Abu Dhabi Infrastructure Summit serves as a comprehensive platform for policymakers, investors, developers, contractors, and industry experts from around the world to address emerging trends, showcase innovative solutions, and expand strategic partnerships that drive the development of resilient, integrated cities. By gathering industry leaders and innovators under one roof, the event seeks to promote excellence in the construction and urban planning sectors, ultimately raising living standards in accordance with Abu Dhabi's ambitious vision for sustainable development and economic prosperity.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
a day ago
- Arabian Business
Abu Dhabi SME Champions Program delivers $183m in deals, boosts procurement opportunities
The Abu Dhabi SME Champions Program, led by Khalifa Fund for Enterprise Development, has generated 652 procurement deals worth AED 672 million ($183m) by 2024, marking a major milestone in the UAE's push to empower small and medium-sized enterprises (SMEs) and diversify its economy. The initiative, launched in 2023 by the Abu Dhabi Department of Economic Development, connects SMEs with leading public and private sector institutions. As a result, the number of registered companies jumped from 835 in 2023 to 2,235 in 2024, while the number of strategic partners rose to 20. Abu Dhabi SME Champions Program AED 672m ($183m) in total procurement value across sectors like IT, consultancy, advertising, and event management 652 deals between SMEs and institutions completed since launch Micro-enterprises now make up more than 50 per cent of registered firms 20 per cent of these are eligible to work with major public and private organisations 13 SME training sessions held in partnership with nine entities Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development, said: 'The Abu Dhabi SME Champions Program acts as a bridge connecting SMEs in Abu Dhabi with leading institutions and government entities. This helps enhance the productivity and innovation within this vital business category, which is a cornerstone of the national economy. 'SMEs further play a pivotal role in catalysing Abu Dhabi's sustainable growth, aligning with the UAE's broader vision for economic development. 'Led by Khalifa Fund's ongoing efforts to promote entrepreneurship, the programme has garnered significant attention from Emirati entrepreneurs over the past two years, by paving the way for collaborations with leading institutions. 'The programme has conducted 13 bi-monthly training sessions to date, in collaboration with at least nine partners, focusing on skill development for SMEs to meet market demands. 'This is a remarkable milestone in building a sustainable and innovation-based economy, in line with the UAE's aspirations to become a leading knowledge-based and competitive economy.' The programme's key participants include Etihad Airways, Aldar Properties, E&, Miral Group, Mubadala, AD Ports Group, ADGM, Masdar City, the Department of Culture and Tourism – Abu Dhabi, Department of Finance, and Abu Dhabi Investment Office.
Web Release
a day ago
- Web Release
Khalifa Fund for Enterprise Development's Abu Dhabi SME Champions Program facilitates 650+ deals worth AED672m in 2024
As part of the Abu Dhabi SME Champions Program, Khalifa Fund for Enterprise Development has witnessed a significant growth in the number of deals forged between SMEs and leading public and private institutions, achieving a total of 652 deals by 2024, with a total value of AED 672 million, across various key sectors such as IT, consultancy, advertising and event management. The initiative was launched in 2023 by the Abu Dhabi Department of Economic Development to increase the share of procurement opportunities allocated to SMEs by major private companies as well as government entities and institutions. As a result, the number of registered companies grew from 835 in 2023 to 2,235 in 2024, with the strategic partner count increasing to 20. Since its inception, the programme has been focused on supporting and encouraging SMEs to participate in supply chain opportunities, by providing them with a robust platform for business development. The initiative has created new pathways for these companies to play an active role in private sector projects, thus enhancing their contribution to GDP growth, diversifying economic resources and fostering innovation within Abu Dhabi, in line with the UAE's vision for a more sustainable and diverse economy. The programme features awareness initiatives to educate SMEs on the benefits of forging strategic alliances with both government and private sector entities. It also supports efforts to classify companies, develop their skills and strengthen collaboration and partnership pathways through relevant projects. Micro-enterprises now represent over half of the registered companies, with approximately 20 per cent of them being eligible for deals with leading institutions across both public and private sectors. H.E. Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development, said: 'The Abu Dhabi SME Champions Program acts as a bridge connecting SMEs in Abu Dhabi with leading institutions and government entities. This helps enhance the productivity and innovation within this vital business category, which is a cornerstone of the national economy. SMEs further play a pivotal role in catalysing Abu Dhabi's sustainable growth, aligning with the UAE's broader vision for economic development. 'Led by Khalifa Fund's ongoing efforts to promote entrepreneurship, the programme has garnered significant attention from Emirati entrepreneurs over the past two years, by paving the way for collaborations with leading institutions. The programme has conducted 13 bi-monthly training sessions to date, in collaboration with at least nine partners, focusing on skill development for SMEs to meet market demands. This is a remarkable milestone in building a sustainable and innovation-based economy, in line with the UAE's aspirations to become a leading knowledge-based and competitive economy.' The programme's key participants include the Abu Dhabi Department of Culture and Tourism, Department of Government Enablement – Abu Dhabi, Department of Finance, Abu Dhabi Investment Office, Family Development Foundation, Early Childhood Authority, AD Ports Group, Miral Group, E&, Aldar Properties, Etihad Airways, EMSTEEL Group, Emirates Development Bank, Agthia Group, ADGM, Mubadala, Masdar City, Industrial Capital Group (ICG), and United Copper Rods LLC (UCR), among others. For any inquiries or further information, please contact: [email protected]
Zawya
a day ago
- Zawya
KFED's Abu Dhabi SME Champions Program facilitates 650+ deals worth AED672mln in 2024
Abu Dhabi: As part of the Abu Dhabi SME Champions Program, Khalifa Fund for Enterprise Development has witnessed a significant growth in the number of deals forged between SMEs and leading public and private institutions, achieving a total of 652 deals by 2024, with a total value of AED 672 million, across various key sectors such as IT, consultancy, advertising and event management. The initiative was launched in 2023 by the Abu Dhabi Department of Economic Development to increase the share of procurement opportunities allocated to SMEs by major private companies as well as government entities and institutions. As a result, the number of registered companies grew from 835 in 2023 to 2,235 in 2024, with the strategic partner count increasing to 20. Since its inception, the programme has been focused on supporting and encouraging SMEs to participate in supply chain opportunities, by providing them with a robust platform for business development. The initiative has created new pathways for these companies to play an active role in private sector projects, thus enhancing their contribution to GDP growth, diversifying economic resources and fostering innovation within Abu Dhabi, in line with the UAE's vision for a more sustainable and diverse economy. The programme features awareness initiatives to educate SMEs on the benefits of forging strategic alliances with both government and private sector entities. It also supports efforts to classify companies, develop their skills and strengthen collaboration and partnership pathways through relevant projects. Micro-enterprises now represent over half of the registered companies, with approximately 20 per cent of them being eligible for deals with leading institutions across both public and private sectors. H.E. Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development, said: 'The Abu Dhabi SME Champions Program acts as a bridge connecting SMEs in Abu Dhabi with leading institutions and government entities. This helps enhance the productivity and innovation within this vital business category, which is a cornerstone of the national economy. SMEs further play a pivotal role in catalysing Abu Dhabi's sustainable growth, aligning with the UAE's broader vision for economic development. 'Led by Khalifa Fund's ongoing efforts to promote entrepreneurship, the programme has garnered significant attention from Emirati entrepreneurs over the past two years, by paving the way for collaborations with leading institutions. The programme has conducted 13 bi-monthly training sessions to date, in collaboration with at least nine partners, focusing on skill development for SMEs to meet market demands. This is a remarkable milestone in building a sustainable and innovation-based economy, in line with the UAE's aspirations to become a leading knowledge-based and competitive economy." The programme's key participants include the Abu Dhabi Department of Culture and Tourism, Department of Government Enablement – Abu Dhabi, Department of Finance, Abu Dhabi Investment Office, Family Development Foundation, Early Childhood Authority, AD Ports Group, Miral Group, E&, Aldar Properties, Etihad Airways, EMSTEEL Group, Emirates Development Bank, Agthia Group, ADGM, Mubadala, Masdar City, Industrial Capital Group (ICG), and United Copper Rods LLC (UCR), among others. For any inquiries or further information, please contact: -Ends- About Khalifa Fund for Enterprise Development: The Khalifa Fund is an independent, non-profit organisation affiliated with the Abu Dhabi Government. Its mission is to nurture a culture of entrepreneurship, promote innovation, and offer support for small and medium-sized enterprises (SMEs) within the UAE through a balanced ecosystem. Founded in 2007 in accordance with Law No. 14 of 2005 and its amendments, the Fund was established to align with the vision of the late Sheikh Khalifa Bin Zayed Al Nahyan, former President of the United Arab Emirates. To learn more about the Khalifa Fund for Enterprise Development, please visit:
