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Dubai Creative Clusters Authority, Dubai SME ink agreement

The Dubai Creative Clusters Authority (DCCA) has signed a partnership agreement with Dubai SME to support entrepreneurs and enhance the capabilities of the vital SME sector in the emirate.
Signed by Ahmad bin Bayat, director general of DCCA, and Abdul Baset Al Janahi, CEO of Dubai SME, the agreement aims to identify a shared mechanism of cooperation, provide entrepreneurs with facilities to grow their business, and encourage more youngsters to set up innovative home-grown projects. The agreement, which articulates Dubai Government's efforts to support the SME sector, will exempt members of Dubai SME as well as entrepreneurs that have set up shop in freezones within DCCA's jurisdiction from licensing fees for five years. In addition, discounts on visa-issuing fees by charging the basic fees only will also be extended to them.
Abdul Baset Al Janahi said: "Signing the agreement with DCCA complements our aspirations to boost entrepreneurship development in Dubai. We commend the authority's efforts in supporting this vital sector. We consider DCCA a key partner that provides enabling facilities and services to the youth for inspiring them to establish innovative start-up projects. Dubai realises its future is in creating a knowledge-based economy that sustains itself on innovation, and there is no better way to that future than investing in our SMEs, and enhancing the knowledge of people driving these enterprises."
- business@khaleejtimes.com