KIZAD launches incubation centre
Businesses can be set up in as little as 24 hours with Dh13,000 as initial capital
Abu Dhabi: Khalifa Industrial Zone Abu Dhabi (KIZAD) has launched an Entrepreneurship and Incubation Centre offering cost-effective work spaces, offices and licensing options to enhance the entrepreneurship and SME ecosystem in the UAE.
KIZAD, which is one of the largest industrial zones in the Middle East and a subsidiary of Abu Dhabi Ports, is situated within easy reach of both Abu Dhabi and Dubai. Businesses can be set up at the Entrepreneurship and Incubation Centre starting at Dh13,000, in as little as 24 hours.
The centre is open to start-ups, entrepreneurs, traders, SMEs and consultants from across a range of sectors and has been set up as part of KIZAD’s support for Abu Dhabi’s economic vision.
According to the Ministry of Economy, SMEs represent more than 94 per cent of the companies operating in the UAE and employ more than 86 per cent of the private sector’s workforce.