The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

UAE Pavilion providing vital SMEs with international opportunities at Hannover Messe

posted on 27/04/2017: 1859 views


HANNOVER: Small and medium-sized enterprises, or SMEs, are the "bloodline" of the UAE economy, delegates from the UAE Pavilion have emphasised across activities at Hannover Messe, where Emirati innovators are exhibiting to large international audiences.

As the world's largest industrial technology and manufacturing trade fair, the week-long event has been providing a unique platform to expand on opportunities for some of the UAE's growing SMEs in international markets.

Among the 26 private sector organisations and government entities taking part in this year's annual event, are a number of growing UAE-based SMEs that provide the country with sustained growth, economic diversification and job creation.

In addition, Hannover Messe has provided UAE government departments with a unique platform for showcasing the advantages of operating out of the UAE. Faisal Al Hmoudi, Director of the Department of Economic Development's Takamul programme, spoke to a crowd of international businesspeople at a special innovators forum, where he presented on the Takamul programme.

Launched in 2011 to encourage and facilitate the local application of innovative technologies, Takamul supports industry start-ups and SMEs "from ideas to application", bringing theoretical concepts to life, Al Hmoudi explained.

He also told the audience of the financial and legal support offered by Takamul in applying for international patents, with 187 being filed in the US through the programme so far. A large number have stemmed from vital sectors that support economic diversification agendas, such as ICT, which accounts for 38 per cent of intellectual property protection filings, and the medical field with 16 per cent of applications.

Another central objective of the programme is to strengthen relationships between industry players and academic institutions, in order to address needs for the latest technological applications, as well as contributing to broader national capacity development goals.

Muhammad Bagudu, Managing Director at EEKMASEC Global FZE, spoke of the warm relations established with government agencies and departments in the UAE as they set up, noting governmental guidance in growing their business in the local market.

He also welcomed the support from the Department of Economic Development - Abu Dhabi in attending Hannover Messe, and explained the opportunities afforded by participating in the trade fair.

"We are seeing a lot of German companies that are interested in establishing B2B relationships and partnerships with UAE-based firms, "said Bagudu. "It is in our interests to work with multinational firms in different parts of the world, most importantly in Europe, so that we can work together on delivering quality solutions."

Summarising the role of SMEs in the UAE, Bagudu concluded, "SMEs are vital for a sustainable economy. We are glad that the UAE is encouraging SMEs to establish their companies in the UAE, providing cost-effectiveness via various Free Zones throughout the Emirates." http://wam.ae/en/details/1395302610639

RELATED ARTICLES

19 June 2017 Abu Dhabi's ADNEC Group wins two prestigious AEO Awards
05 June 2017 ADNEC first company in Middle East and Asia Pacific regions to go live with Exhibitor Service Centre
01 June 2017 UAE in top 10 in IMD World Competitiveness Centre rankings 2017
30 May 2017 UAE joins Arab League's meeting on Greater Arab Free Trade Area
28 May 2017 Ministry of Economy discusses cooperation with Canada-UAE Business Council


Most Read