These amounts make the program unique because it will fund 90 percent with 10 percent due from the SME entrepreneur and coming up with Dh100,000 is more realistic to many in the SME sector. Hussain Al Nowais is ready to cut down the red tape put up by the banks and make lending an option to those who need it. The origins of the program stem from the challenges put on the SME sector from legislation that upped the contribution of non-oil GDP to 70 percent compared to the current 60 percent. The increase poses additional strains on the SME sector but the fund is aimed at overcoming these challenges in the UAE that will help escalate the likelihood of success for various SME industries.
  • 0
  • 0
Interest Score
1
HIT Score
0.75
Domain
hussainalnowaisbiography.org

Actual
hussainalnowaisbiography.org

IP
152.160.233.213

Status
OK

Category
Company
0 comments Add a comment