Dubai SME, the agency of the Dubai Department of Economy and Tourism (DET) mandated to develop the small and medium enterprise sector, and Danube Group, a leading Middle East conglomerate, have signed a Cooperation Agreement to diversify the buyer base and expand market opportunities for Emirati-owned SMEs. The alliance supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the goals of the Dubai Economic Agenda, D33, to consolidate Dubai's position as a leading global city for business and leisure.

The signing took place at Danube Properties' headquarters in Dubai, attended by Rizwan Sajan, Founder and Chairman of Danube Group, and H.E. Abdelbaset Mohammed Al Janahi, CEO of Dubai SME.

What They Said

H.E. Abdelbaset Mohammed Al Janahi said: "This agreement with Danube Group is a testament to the unique model of public-private partnerships that define the success of the D33 Agenda, underpinned by the visionary leadership's commitment to make Dubai the best city to visit, live and work in. It is a significant step towards expanding market opportunities for our SME members, paving the way for notable revenue growth and job creation. By connecting them with private sector buyers and streamlining the tendering process, we are also creating an environment that fosters competition and innovation. We deeply appreciate the continued support from prominent private sector groups like Danube, as we look to further strengthen our ongoing collaboration with stakeholders and partners."

Rizwan Sajan said: "We are proud to partner with Dubai SME to support the growth and development of small and medium Emirati enterprises in Dubai. Dubai is a hub of opportunities and this agreement is a testament to our ongoing commitment to support and nurture the business community and contribute to the economic growth of Dubai. I would like to take this opportunity to congratulate and thank H.E. Abdelbaset Mohammed Al Janahi and their team."

What the Agreement Delivers

  • Expanded market opportunities: attracting private-sector buyers from various industries gives Dubai SME members and suppliers a wider range of tenders, opening new avenues for growth and extending the reach of Emirati SMEs.
  • Greater competition: more participating buyers encourage healthy competition among suppliers, driving innovation, quality and efficiency.
  • A simpler tendering process: the programme makes it easier for private buyers to post tenders and evaluate proposals, and helps SMEs understand and meet private-sector requirements and standards.
  • Long-term partnerships: networking opportunities encourage lasting business relationships between SMEs and private buyers, leading to innovative solutions and sustainable practices.

By supporting Emirati SMEs through initiatives like this, Danube Group is helping to build a thriving business environment that encourages growth, innovation and sustainability.

Source: Business News E