The UAE is launching a large-scale program to support family businesses
The government of the United Arab Emirates has announced the launch of an ambitious initiative aimed at transforming 1,000 families into successful entrepreneurs over the next five years.
The new program focuses on stimulating economic activity among households and creating sustainable sources of income through the development of small businesses.
Project participants will receive a full range of tools to successfully launch their own businesses. The program covers all stages: from professional training in the basics of management to direct support during the launch of business projects.
The UAE continues to systematically help citizens generate a stable income, recognizing the critical importance of small businesses to the modern national economy.
The main idea behind the initiative is to move away from a model of passive social security.
The state aims to provide people with opportunities for self-realization so that every family can contribute to the country’s financial well-being and ensure its own long-term stability.
Representatives of the relevant ministry emphasize that the state is ready to be a partner for every family that expresses a desire to grow.
It is important not just to provide funds, but to teach people how to work effectively in market conditions, minimizing risks during the early stages of a company’s development.
Noor Abu Al-Houl, Assistant to the Deputy Minister of Social Security and Empowerment, clearly outlined the ministry’s position: “We do not want low-income families to simply depend on financial assistance. We want them to be economically independent. We will walk hand in hand with them until they enter the market.”
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