SMEs play ‘essential role’ in UAE’s economic growth and diversity

Small and medium-sized enterprises (SMEs) in the United Arab Emirates, which represent 94% of the total number of businesses and employ 86% of the private sector workforce, play a vital role in the economic growth and diversity of the United Arab Emirates. country.

Dubai’s SMEs alone account for 95% of all its businesses, producing 42% of job opportunities and contributing 40% of the emirate’s gross domestic product (GDP).

Wanting to highlight the important role that SMEs play in the country today, the 2022 edition of the Annual Investment Meeting (AIM), which will be held from March 29 to March 31, 2022, at the Dubai Exhibition Centre, EXPO 2020 Dubai, will address timely and important issues concerning the SME sector.

The contribution of SMEs will soar

Economic experts have pointed out that the percentage of SMEs’ contribution to the UAE’s economic gains will continue to rise to higher levels in the coming years, reflecting the country’s commitment to elevating the entrepreneurship sector while expanding various forms of support to enhance the growth of SMEs.

SMEs in the United Arab Emirates are key players in the continued movement to achieve economic prosperity and strengthen the country’s position as a leading global investment hub.

AIM 2022 was presented as a strategic platform offering important activities such as panels, workshops and other related events centered on six main pillars.

The excellent performance of the United Arab Emirates in recent years can be attributed to the equally strong performance of SMEs in the movement to strengthen the economic position. With this in mind, AIM 2022 will also seek to consolidate our leading position in global markets while presenting a diverse number of opportunities for global investors.

The six pillars of AIM 2022

The six pillars of AIM 2022 include Foreign Direct Investment (FDI); SMEs; foreign portfolio investment (IPE); startups; Future cities; and the 50 Projects Initiative – a series of development and economic initiatives designed to accelerate the development of the UAE and strengthen its position as a preferred destination for talent and investors.

AIM 2022, held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, will feature a series of workshops, conferences and networking events strongly focused on strengthening and improving sustainable investments.

Other activities include AIM Pre-Conference Workshop and Seminar, AIM 2022 Conference, AIM 2022 Expo, AIM 2022 Innovation Showcase, Startup Hackathon, Startup Live Pitch Sessions, site visits, B2B, G2B and G2G meetings, AIM Global 2022 Investment Awards, AIM 2022 Startup Pitch Competition and AIM 2022 Future City Awards.– TradeArabia Press Service

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