Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, opened on Tuesday the third Annual Global Entrepreneurship Summit-Entrepreneurial Ventures of Arabia (GES-EV) at the World Trade Centre in Dubai. Shaikh Mohammad also witnessed the signing of a number of scientific agreements.
Shaikh Mohammad addressed an audience of more than 2,000 experts and decision-makers in the field of entrepreneurship in addition to small and medium enterprises around the world.
“We are partners with all countries of the world in order to assume our responsibilities to create an attractive environment for creativity, an environment that will attract the young innovators across the Arab nation and the world at large”Share on facebookTweet this
US President Barack Obama participated in the event through a televised statement on the importance of encouraging initiative and entrepreneurship in the region.
The inaugural session was attended by Crown Prince of Dubai Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, UAE Foreign Minister Shaikh Abdullah Bin Zayed Al Nahyan, Minister of Higher Education and Scientific Research Shaikh Nahyan Bin Mubarak Al Nahyan, Deputy Minister of Presidential Affairs Ahmad Juma Al Za’abi, and a number of ministers, senior officials and business leaders.
Shaikh Mohammad welcomed the participants to the summit hosted in the city of Dubai in the UAE, noting that the UAE is one of the pioneering countries in the world in supporting and encouraging young entrepreneurs.
He also asserted that UAE is a centre for creativity and innovation on the regional and global levels and provides the ideal environment. The Arab youth can benefit from this, develop their talent and exploit their energy and use it to serve the goals and objectives of their respective countries, he added.
He said that entrepreneurship is not an alien phenomenon for the Arabs. “We invented the alphabet and many branches of science such as Algebra and mathematics. We the Arabs founded the first university in history, from where people of learning graduated in medicine, astronomy and mathematics. The Arab Islamic civilisation is the first one that excelled in the globalization of culture, science and knowledge,” Shaikh Mohammad said.
Confidence in ourselves
“In the UAE, we overcame poverty and illiteracy because we have confidence in ourselves and in our citizens who have turned the desert into a modern state in the world,” he added.
“We are partners with all countries of the world in order to assume our responsibilities to create an attractive environment for creativity, an environment that will attract the young innovators across the Arab nation and the world at large,” Shaikh Mohammad said.
Shedding light on the gradual development of the UAE in the economic and educational fields, Shaikh Mohammad attributed this to the strong resolve adopted by the country’s leadership.
“If we look at the recent past, it will remind us of the founders of this modern state, the late Shaikh Zayed Bin Sultan Al Nahyan and the late Shaikh Rashid Bin Saeed Al Maktoum, who built the country on strong foundations.”
Government signs key agreements
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the third Annual Global Entrepreneurial Summit. Then, Shaikh Mohammad along with other Shaikhs, global entrepreneur thought-leaders and VIP guests attended the signing of a number of agreements, including a partnership between the Government of the UAE and the Higher Colleges of Technology (HCT).
Inked by Shaikh Nahyan Bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, and Mohammad Abdullah Al Gergawi, Minister for Cabinet Affairs, the Memorandum of Understanding calls for
launching an integrated entrepreneurship initiative in consistence with the UAE Vision 2021, launched by Shaikh Mohammad which says: “Emiratis will be confident citizens, steadfast in carving out their future in a spirit of entrepreneurship and responsibility, engaged in the course of their nation and embracing moral values for richer fulfilment.”
The vision also calls for inclusion of the entrepreneurship programmes in academic curricula. Another MoU was signed by the HCT, Khalifa Fund for Enterprise Development, and Dubai SME, the agency of the Department
of Economic Development (DED) mandated to develop small and medium enterprises (SME), seeks to encourage and support young Emirati entrepreneurs, conduct training programmes for building their business capacities
and consolidate channels of communication between them so as to share knowledge and experience and develop their skills.
A group of Dubai government entities, including the DED, Department of Customs, other government and semi-government agencies and private sector companies were also partnered to set up a joint taskforce to promote ecommerce and support SMEs.
Later, Shaikh Mohammad opened a parallel exhibition, a business platform for SMEs, suppliers to SMEs, SME funds, government agencies, public and private entities to showcase their products, services, initiatives and
achievements in regional SME development, to a cross section audience, including investors, channel partners and corporate procurement executives.
He stopped at a number of stands, expressing his admiration at the satisfactory results of SMEs inspired by young businessmen.