The Mohammed Bin Rashid Establishment for Young Business Leaders has announced the funding of three new projects with a total value of two million Emirati dirhams ($544,543). The projects will be carried out in the IT, retail and service sectors.
“Mohammed Bin Rashid Establishment has entered a new phase of expansion that allows more projects to be launched by young UAE national entrepreneurs. This will reinforce the Establishment's objective of encouraging young nationals to play an active role in the development of the country,” said Chairman of the Establishment Board, Sheikh Hamdan Bin Mohammed Bin Rashid Al-Maktoum.
The new projects include Extron, which is a company dealing in trading of computer parts, National Arts and Technologies Institution that specializes in designing of clothes and jewelry using computer technology and Jassim Ahli Trading, specializing in importing and distribution of electronic appliances.
The Mohammed Bin Rashid Establishment for Young Business Leaders is one of the principal bases for Dubai Development and Investment Authority (DDIA) strategy and targets to provide the small and medium sectors with ideas and initiatives and guide the efforts of young United Arab Emirates (UAE) nationals. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
