Dubai to host SMEs support initiative

LEADERS GATHER: Industrialists from across the world gather in Dubai for conference on SME's. (Getty Images)

More than 200 prominent industrial leaders from across the globe will gather in Dubai on Tuesday for the region's first International Small and Medium Sized Enterprises (SMEs) Forum, an Economic Zones World (EZW) endeavour.

Aimed at boosting the industrial sector in the Middle East, Dubai Institute of Technology (DIT) is organising a three-day event at Jumeirah Emirates Tower, according to news agency WAM.

DIT, in collaboration with the International Network of Small and Medium Sized Enterprises (INSME), has designed the Forum as a platform for industry experts, academia, research and development centres, as well as international organisations, to focus on strengthening the SME sector in order to make maximum use of its economic potential.

Salma Hareb, Chief Executive Officer of Economic Zones World, said: ''By supporting SMEs, we aim to build a basis for sustainable knowledge based development in the region. We are confident that the Forum will bring the best out of experts in terms of new ideas and strategies.''

The DIT SMEs Forum, adopting the theme "Building a Knowledge-based Eco-system for SMEs: Finance, Innovation, Technology and Networking," reflects this vision.

It will discuss ways to make the sector 'shock-proof' with technological, management and financial concepts that can help it deliver long-term results.

The focus will be on SME Financing, Cross Border Networking, Transnational Technology Transfer, Entrepreneurship & SME Innovation and Intellectual Capital Structure.

The DIT SMEs Forum is supported by various local and international entities including Khalifa Fund, the Dubai Economic Department, Mohammed Bin Rashid Establishment for Young Business Leaders, Mohammed Bin Rashid Foundation and the Arab Science & Technology Foundation (ASTF).

Also, the United Nations Industrial Developments Organisation (UNIDO) - Bahrain, Organisation for Economic Co-operation and Development (OECD), Italian Institute for Industrial Promotion, Italian Ministry of Economic Development, Italian Ministry of Foreign Affairs, Italian Embassy of UAE, and the Italian Industry & Commerce Office Dubai.

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