The Khalifa Fund for Enterprise Development and Masdar City have signed a Memorandum of Understanding (MoU) to enhance the growth opportunities available to Emirati SMEs in the entrepreneurial ecosystem.
It was shared that the collaboration will concentrate on enhancing the growth opportunities available to Emirati entrepreneurs and facilitating the exchange of ideas and experiences in the field of SMEs.
Emirati-owned companies established in Masdar City will gain access to Khalifa Fund’s tailored programs aimed at refining skills and expanding operational capabilities.
This includes the provision of specialised tools and the organisation of workshops designed to enhance their competitiveness.
According to the two parties, the registration of these companies into Khalifa Fund’s membership through the TAMM platform ensures that they receive continuous support.
Masdar City will exempt Khalifa Fund’s SMEs from the registration fee as well as waive their first-year license fee when registering their companies in the Masdar City Free Zone.
They will also gain access to Masdar’s reception services and meeting rooms along with access to various government services, office spaces, the ability to issue work and residence visas, mailboxes, medical insurance, and no-objection certificates through the Free Zone’s one-stop-shop portal.