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27 August 12:00 AM

KFED organizes Entrepreneurs Forum in Ajman

The Khalifa Fund for Enterprise Development (KFED), in cooperation with the Ajman Municipality and Planning Department, recently hosted the special ‘Entrepreneurs Forum’ at Fairmont Ajman hotel for Emirati-owned small and medium enterprises (SMEs) and KFED members.

The event was held to help the attendees reinforce and enhance their communication with local government and semi-government entities, the private sector, local partners and stakeholders. The forum also served as a strategic opportunity for young Emirati entrepreneurs to explore investment opportunities in Ajman.

Mouza Al Nasri, Acting Chief Executive Officer, KFED, said, "This is the first time that we are holding an event of this kind in Ajman. The Entrepreneurs Forum has been designed and developed to provide a key link between Emirati entrepreneurs, SMEs and various government and semi-government entities, as well as representatives from the private sector, which in turn, can help enhance communication, coordination and a smooth exchange of experiences and knowledge."

Several government entities and strategic partners attended the event, including the National Programme for Small and Medium Enterprises and Projects, headed by Director Mohammed Al Yousefi.

During the forum, the Municipality and Planning Department of Ajman gave a presentation about the emirate's priority projects and investment opportunities, including their current efforts to encourage entrepreneurship in the UAE, and Ajman in particular. The department also discussed its Ajman Heritage District Project, an initiative that looks towards supporting investors in establishing their respective projects and providing an ideal environment that offers all the needed elements of success and continuity.

The AED 25 million Ajman Heritage District project is a new investment destination that matches the expectations of investors in the emirate and includes various models and options of investment opportunities at competitive prices. The Municipality and Planning Department designed the project on a total area of 42,000 square metres.

The project has a strategic location, embracing the Ajman Museum, one of the oldest palaces in the Arabian Gulf and the historic Saleh souq, making it a vibrant project and a haven for culture, economy and tourism.

 

Abdulrahman Mohammed Al Nuaimi, Director General of the Municipality and Planning Department in Ajman, said, "The project opens up a wide spectrum of investment opportunities at competitive prices. The Ajman Heritage District is an ecotourism project that houses the historical Ajman Museum. The project’s designers have paid close attention to the buildings to ensure that they blend well and fit into the environment without destroying the perennial trees. This careful consideration is in line with our goal to preserve our natural wealth."

 

For his part, Dr. Eng. Mohammed Ahmed bin Omair Al Muhairi, Executive Director, Infrastructure Development Sector of Ajman Municipality and Planning Department, said that the project was implemented amid the growing large-scale urban developments in Ajman to show that the emirate was fully supportive of modernisation, while working to preserve its unique identity and heritage. He was confident that the project would attract support from local communities and soon become a hub for various activities and events.

 

Meanwhile, KFED showcased its services to entrepreneurs participating at the forum. Mohamed bin Aylan, Senior Business Consultant, KFED, highlighted the advisory services provided to entrepreneurs to help enable them in preparing feasibility studies for their own projects. Aylan also threw the spotlight on the technical services that allow entrepreneurs to evaluate technical offers, select machines and provide advice on the design of their factories. He lauded the support provided by the Fund to Emirati entrepreneurs via agreements with a large group of strategic partners including ZonesCorp and other entities.

 

During the event's closing, Khalifa Al Kuwaiti, Senior Manager, Entrepreneurship Development Department, informed the participants about entrepreneurship and how to transform creative and innovative ideas into successful projects that contribute to the growing national economy. The workshop discussed ways on how to better develop entrepreneurs’ capacities and provide them with the necessary skills needed in establishing and manage their projects.

 

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