The small and medium enterprises (SMEs) sector in Abu Dhabi constitute over 90 per cent of total businesses, employing nearly half of the workforce and contributing 42.8 per cent to the emirate’s non-oil GDP, a senior official said.
The sector also plays a pivotal role in driving economic growth, innovation, and diversification in the emirate, Moza Obaid Al Nasri, Acting CEO of the Khalifa Fund for Enterprise Development and Executive Director of the SME Sector at the Abu Dhabi Department of Economic Development, said.
She also said Abu Dhabi has created a competitive and inclusive business environment, which is among the fastest-growing startup ecosystems in the MENA region, with a 28 per cent increase in value.
Al Nasri underscored the importance of the ‘Falcon Economy’ strategy, which focuses on high-growth sectors, and highlighted ongoing efforts to provide a supportive regulatory and financial environment for SMEs.
“These initiatives are designed to stimulate innovation and sustainable growth, supported by strategic investments,” she said.
Ahead of the Abu Dhabi Business Week, she reiterated the emirate’s commitment to empowering SMEs, offering resources and networking opportunities to address business challenges.
The event is set to bring together leaders from the public and private sectors to foster dialogue, policy development, and partnership opportunities.
The Abu Dhabi Business Week will also feature the Khalifa Fund Entrepreneurship Competition, providing startups with the chance to present their ideas to investors for potential funding and support.
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