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Abu Dhabi Chamber of Commerce & Industry ADCCI Encouraging And Supporting The SME’s SME’S Role • Jobs creation and sustaining employment growth. • To Broaden the base of the economy. 85% of Enterprises in UAE are SME’s. • Helping in diversification policy. 7/18/2015 1 Definition of small enterprise • People differ in defining the small enterprise. • The world Bank definition recognizes any enterprise with less than 25 workers as a small enterprise . • No agreed upon definition in UAE. 7/18/2015 2 Various Definitions from different countries: Country Number of employees Capital US $ USA Less 50 2 Millions and less JAPAN Les 300 Less 280 K BRITAIN Less 200 Less 700 K INDIA Less 300 Less 310 K KENYA Less 39 Less 310 K 7/18/2015 3 Our Approach Towards SME’S Enhancing the role of the private sector Existing SME’s Sparking new initiatives Building Skills 7/18/2015 Comprehensive approach •Better Business Environment •partnership regionally & globally •Synergy with local partners •Quality and excellence Provision of services Intilaaqah initiative Major Services Other Training opportunities 4 Building Skills • INTILAQAH project supported by ABU DHABI Chamber of Commerce, Shell, HCT and others. Intilaagah Setup and objectives: • It started in June 2003. Two courses were accomplished. a) Men course 16. b) Women course 14. Objectives are: • To raise the awareness of self-employment. • To provide an opportunity for young people to learn and think about new ideas. 7/18/2015 6 • To assist young people to develop their business ideas. • To provide relevant information about how to start a business. • To provide training in preparation for starting a business. • Preparing business plans, financial forecasts, marketing plans, and advice on running a business. 7/18/2015 7 • Intilaaqah program is designed to offer training in all aspects of setting up and running a small business. • Intilaaqah’s responsibilities is to ensure that young people are well prepared to undertake the challenge of a new business. 7/18/2015 8 Services and facilities provided by ADCCI to SME’s • Providing economic information and data. • Providing legal advice on trade & investment rules & regulations and on how to establish a business in Abu Dhabi. • Access to the Chamber site and use of its various facilities. 7/18/2015 9 • Publications such as (Abu Dhabi Economy and International Commercial news). • A book on SME’s development & future issued 2002. • Invitation of SME’s to attend foreign trade delegations meetings. • Conferences and seminars about the SME’s. 7/18/2015 10 Export Promotion Section Services (EPS) ADCCI has an export promotion section under the cap of the Trade Relations Division. It provides the following services to the SME’s. Participation in Exhibitions inside & outside the country. 7/18/2015 11 Services rendered by the EPS Dissemination of information about exhibitions, deals, events, seminars. Issuing and updating the Export Guide for ABU DHABI Operating the trade map for UAE with the help of the ITC 7/18/2015 12 Thank You