Mohammed bin Rashid Establishment for Small and Medium Enterprises and the Al Habtoor Group have signed a Memorandum of Understanding.

The MoU constitutes an understanding of collaboration between Al Habtoor Group and Mohammed bin Rashid Establishment for SME Development where the Al Habtoor Group will give priority business to members of Dubai SME proving they can supply a competitive service.

The MoU was signed by Abdul Baset Al Janahi, CEO of the Mohammed Bin Rashid Establishment for SME Development, and Mohammed Al Habtoor, Vice-Chairman and CEO of Al Habtoor Group.

Commenting on the MoU, Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group, said, "SMEs play an important role in the UAE economy. We are happy to support members of the Dubai SME, to help enable their companies to grow. Dubai is the land of opportunity. It offers many advantages to support entrepreneurs in the journey to success."

The Mohammed Bin Rashid Establishment for SME Development is a governmental organisation aimed at fostering the entrepreneurial spirit in Dubai by creating a business-enabling environment to facilitate the development of new businesses and stimulate entrepreneurial activities among SMEs.