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Fostering local talent
Dubai Event Management Corporation (DEMC), organisers of conferences, exhibitions, sporting and cultural events in Dubai, recently signed a Memorandum of Understanding with the Mohammad Bin Rashid Establishment for Young Business Leaders (SME) to organise ‘Dikakeen Al Bastakiya', an interactive business competition for UAE nationals.
- Staff Report
- Published: 23:33 October 25, 2008
- From left: Richard Attias, CEO of DEMC, and Abdul Baset Al Janahi, CEO of the Mohammad Bin Rashid Establishment for Young Business Leaders.
- Image Credit: Supplied photo
Dubai Event Management Corporation (DEMC), organisers of conferences, exhibitions, sporting and cultural events in Dubai, recently signed a Memorandum of Understanding with the Mohammad Bin Rashid Establishment for Young Business Leaders (SME) to organise ‘Dikakeen Al Bastakiya', an interactive business competition for UAE nationals.
Al Bastakiya is the heritage district that is currently being revived by DEMC as a modern cultural platform for creativity and arts. It will include museums, galleries and traditional markets, reflecting the emirate's contemporary outlook while defining it as a dynamic cultural destination.
According to the MoU, Al Bastakiya will serve as the venue for the competition.
It will also provide the required logistics for the competition and allocate two dedicated villas with 11 rooms, to house local businesses and brands created by young nationals, in addition to many other exciting prizes and opportunities. Members from DEMC will be assigned to evaluate the winners.
SME will take the responsibility for identifying start-up businesses and UAE national entrepreneurs and inviting them to participate in the competition. The Establishment will also appoint members to be judges in the first phase of short-listing businesses and for the second phase of selecting the final winners. In addition, it will offer proactive support for raising public awareness about the contest.
Abdul Baset Al Janahi, CEO of SME, said: "With its historic significance, Al Bastakiya represents an ideal platform to create opportunities for emerging local talent. The competition will contribute significantly to promoting youngsters while creating the right environment for nurturing culture and arts in the region. The competition will inspire young nationals to focus on creating products that will reflect the UAE's tradition and their business acumen."
The competition will accept registrations from interested UAE nationals until November 8. Further details on the competition can be accessed through the SME website on www.sme.ae
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