Khalifa Fund and BP sign SME deal

Partnership agreement signed to help support and develop the UAE’s SME sector.
Khalifa Fund and BP sign SME deal
By Neil King
Mon 30 Sep 2013 03:16 PM

Small and medium sized enterprises in the UAE will receive more support and development after the Khalifa Fund for Enterprise Development signed a deal with BP Exploration Operating Company Limited.

The aim of the agreement will be to encourage entrepreneurship through co-ordinated and integrated collaborations, and to exchange experiences in order to improve the working environment for SMEs in the country.

The deal was signed by CEO of the Khalifa Fund, Abdullah Saeed Al Darmaki, and general manager and chief representative for BP UAE, Abdul Karim Al Mazmi. BP will provide the fund with financial and technical support for three years, supporting the fund’s SME activities, as well as social initiatives and programmes.

Al Darmaki said: “The agreement will give the fund the chance to get the benefit of the experience and expertise of BP in the field of developing the SME sector, especially in the field of technical preparation and organising specialised workshops.”

Al Mazmi added: “BP is delighted to partner with the Khalifa Fund for Enterprise Development to support its work to create a new generation of Emirati entrepreneurs and to share knowledge around SME development for the benefit of the UAE.

“BP believes that small and medium sized enterprises are vital components in building a diverse and stable economy, aligned with the Abu Dhabi 2030 vision.”

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