SME Congress & Expo Abu Dhabi inaugurates today

SME Congress & Expo Abu Dhabi inaugurates today

16.12.2013: Three-day conference and exhibition makes Mid East debut; top 10 regional SMEs

Three-day conference and exhibition makes Mid East debut; top 10 regional SMEs battle for supremacy at Pitch for Investment competition




photo caption:  Ibrahim Al Mansoori, Chief Operating Officer of the Khalifa Fund for Enterprise Development, today inaugurated the SME Congress & Expo in Abu Dhabi.




The region’s top business leaders, successful entrepreneurs, and government officials will discuss the key challenges and opportunities facing Mid East small businesses at the SME Congress & Expo, which was today inaugurated by Ibrahim Al Mansoori, Chief Operating Officer of the Khalifa Fund for Enterprise Development.


The three-day event takes place until 18 December at Abu Dhabi National Exhibition Centre, featuring a strategic congress aimed at helping SME owners navigate the complex landscape of owning and running their own business, while a dedicated exhibition enables entrepreneurs to meet new partners and suppliers that will help their businesses expand.


More than 50 experts will share their knowledge and expertise on harnessing the potential of Middle East SMEs, which in most developed economies, represent between 60-70 per cent of employment and more than 50 per cent of Gross Domestic Product (GDP), according to a 2012 Shell Foundation and Citi Foundation report.


Today’s central theme covers SME policy framework, funding and finance, and the supporting services needed to create an SME market that contributes to the growth of the regional economy.


According to the Ministry of Economy, nearly 300,000 SMEs account for 92 per cent of UAE companies, and employ 86 per cent of the private sector workforce, while the global international development organisation, Spark, estimates that 19 per cent of the world’s entrepreneurs come from the Middle East.


Despite this, attracting important investment capital remains the largest barrier for regional SMEs and entrepreneurs to flourish.  Experts at the SME Congress & Expo will look at the reasons why small firms struggle to gain extra capital, while imparting solutions to improve accessibility to investors, including searching for alternative sources of funding.


Chris Thomas, CEO and Co-Founder of ‘crowdinvesting’ firm, Eureeca, and a speaker at the SME Congress & Expo, believes one of the solutions for SMEs is to look at crowdinvestors.


“The reality is the vast majority of small businesses, good or bad, have very little chance of raising money through traditional routes such as banks, venture capitals or angel investors,” said Thomas, whose company provides an online platform for small businesses and entrepreneurs to raise capital from a ‘crowd’ of registered investors in exchange for equity.


“No matter how good a business is, if it doesn’t tick the boxes, it’s not going to get funded via the ‘old world’ avenues. SMEs make up the bulk of an economy and with the lack of funding options available many of these businesses will fail.
 

“Crowdinvesting turns this on its head; it offers the chance for the business to syndicate a discussion with many investors that they couldn’t otherwise reach.  Now, instead of having the same conversation individually 500 times, SMEs can have one conversation with 10,000 people all at once.”


The inaugural SME Congress & Expo features more than 15 free-to-attend training workshops across all three days, where some of the region’s largest companies will provide invaluable advice to SMEs and entrepreneurs on how to successfully manage and grow their businesses.


Leading figures from companies such Etisalat, Etihad Airways, Aseel Islamic Finance, Microsoft, National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, and Google Business Group will showcase innovative case studies demonstrating operational best practice from legal issues, accounting, intellectual property rights and sales, to capitalising on the internet, marketing, partnership agreements, and raising capital.


Meanwhile, ten of the region’s top SMEs and entrepreneurs will battle to become the first winner of the Pitch for Investment competition.  Selected from more than 200 entries from across the region, the ten finalists will be split into two groups of five, delivering live presentations to a panel of judges today and tomorrow, with the ultimate winner to be announced on the final day of the event (18 December).


Organised by Informa Exhibitions, the SME Congress & Expo is held in strategic partnership with the Abu Dhabi Department for Economic Development, the Abu Dhabi Chamber of Commerce and Industry, Khalifa Fund for Enterprise Development, and Dubai Internet City.




photo caption:    More than 50 experts will share their knowledge and expertise on harnessing the potential of Middle East small and medium businesses at the three-day SME Congress & Expo.



The powerful new platform takes place with the support of Strategic ICT Partner Etisalat, an organisation at the forefront of developing and delivering relevant innovative services and solutions to the small and medium segment in UAE for many years, enabling businesses to begin operations and grow their existing setup in the UAE as well as connecting them internationally.


Official Carrier for the event is Etihad Airways, while Event Partners include Nexus and the Federation of UAE Chambers of Commerce and Industry.  Sky News Arabia is Official News Broadcaster and Bayt.com Strategic Career Partner. 


The exhibition, training workshops and Pitch for Investment competition are free to attend and open from 11am – 7pm until 18 December. More information is available at www.smemiddleeast.com or www.facebook.com/smemiddleeast.



- Gareth Wright, Total Communications Dubai - also photos

Permanent-URL: http://www.automobilsport.com/sme-congress-expo-abu-dhabi-inaugurates-mid-east-investment-competition---118065.html

16.12.2013 / MaP

More News

SME Congress and Expo opens tomorrow in UAE
15.12.2013
Dubai World Expo 2020 set to boost SME sector as €28.8 billion expected to be pumped into the economyphoto caption:  The Dubai World Expo 2020 will provide a big boost for SMEs, experts agree, as the SME Congress & Expo ope more >>
TAWDHEEF, UAE leading recruitment event returns to Abu Dhabi
15.12.2013
8th edition of UAE’s leading recruitment event supporting Emiratisation presents new powerful platform to snap up brightest Emirati talentphoto caption:  The eighth edition of Tawdheef returns in February 2014, exclusi more >>
Interface signs contract with Eneco...
15.12.2013
... to purchase sustainable gas produced from fish and food wasteLeading carpet tile manufacturer will switch to 100% sustainable gas at manufacturing plant in Scherpenzeel, the Netherlands from 2014photo caption:  Interface more >>
New E-Mobility transport solution launched at Gulf Traffic Dubai
12.12.2013
MIBISI Bike Sharing system introduced by MoveUs UAE at region’s foremost transport infrastructure eventphoto caption: The MIBISI Bike Sharing system has been launched by MoveUs UAE at the Gulf Traffic Exhibition and Con more >>
Emirati students from Ruwais HCT win inaugural TRL Road Safety Award
10.12.2013
Gulf Traffic Awards spotlight industry best in regional road transport and infrastructurephoto caption: Emirati students from Ruwais HCT won the inaugural TRL Road Safety Student Award last night at the Gulf Traffic Awards. more >>
World’s first online crisis assistance travel service goes live
09.12.2013
Frontier Travel Insurance launches online facility for immediate quotation and purchase – post conflict countries in Middle East and East Africa among target markets     more >>
His Excellency Mattar Al Tayer, RTA Chairman opens Gulf Traffic in Dubai
09.12.2013
photo caption:  His Excellency Mattar Al Tayer, Chairman of the Board and Executive Director of the Roads and Transport Authority (RTA), has officially opened Gulf Traffic today.More than 200 exhibitors target US$ more >>
Successful EXPO 2020 bid to stimulate UAE meetings industry
09.12.2013
MICE sector professionals and GIBTM exhibitors predict exponential growth in business events as global attention focuses on UAE’s world-class MICE infrastructureDubai’s successful World Expo 2020 bid will accelerate econom more >>
Asteco signs API Trio Office Tower exclusive
08.12.2013
Sheikh Zayed Road development offers commercial tenants unrivalled access to New Dubai business communities; first mover advantage for prospective tenants as office market undergoes revivalLeading regional more >>
Gulf Traffic Exhibition and Conference opens today in Dubai
08.12.2013
More than 100 exhibitors from 20 countries; two-day conference spotlights road safety, intelligent transport systems photo caption:   Gulf Traffic, the region’s foremost transport infrastructure event ope more >>
Buyers flock to Dubai International Jewellery Week
07.12.2013
...as regional consumer confidence returns Middle East’s most influential and prestigious jewellery event closes todayphoto caption: Thousands of traders and buyers from around the world have flocked to the Dubai I more >>
World-class designers scoop prestigious 2013 Dubai Jewellery Awards
06.12.2013
Emirati student’s first-ever creation wins Jewellery Week Design Award photo caption:   Emirati student Alia Mohammed bin Omair Alfalasi, collects her Emirati Jewellery Designer of the Year Awa more >>
Interface wins most sustainable large corporation at BGreen Awards
05.12.2013
Recognised for transforming business strategy to reduce environmental impact Caption: Interface wins the Most Sustainable Large Corporation at the BGreen Awards ceremony in Dubai.  Photo credit: BGreen Magazine.Interfac more >>
Majid Bin Mohammed visits Porsche Kids Driving School Dubai
05.12.2013
Programme touring Dubai schools educates future driversphoto caption:  H.H. Sheikh Majid Bin Mohammad Bin Rashid Al Maktoum, paying a visit to the Porsche Kids Driving School at Al Baraa Kindergarten.Young pupils l more >>
TOC CSC Middle East Dubai : Indian Subcontinent needs significant infrastructure investment
04.12.2013
...to match economic growth forecastsSpeakers at 3rd TOC CSC Middle East conference in Dubai assess port investment and development in India, Pakistan and Sri Lankaphoto caption:  TOC Middle East runs more >>
Millennium Airport Hotel Dubai eatery named city’s best affordable Italian dining experience
04.12.2013
Da Vinci’s gets an award it can’t refusephoto caption  (L-R) Da Vinci’s head che more >>
HH Sheikh Majid Bin Mohammed Bin Rashid Al Maktoum opens Dubai International Jewellery Week 2013
04.12.2013
Region’s most influential jewellery exhibition shines in the spotlight Dubai, United Arab Emirates, 4 December 2013photo caption: H.H. Sheikh Majid Bin Mohammed Bin Rashid more >>
Snow forecast for Dubai this weekend
04.12.2013
Dubai Christmas Festival promises Snow, Santa and Seasonal Celebrations photo caption : Snow is falling in Dubai this weekend at the Dubai Christmas Festival, Dubai Media City AmphitheatreDubai’s most hotly anticip more >>
Dubai International Jewellery week opens tomorrow
03.12.2013
Expanded exhibitor line-up to showcase latest dazzling designs at four-day consumer and trade jewellery extravaganza photo caption: The Dubai International Jewellery Week opens tomorrow at Dubai World Trade Centre, taking place until 7 December more >>
HE Sheikha Lubna Al-Qasimi opens China Homelife Dubai
03.12.2013
- 50.000 Chinese products on displayTextile industry shines as Chinese exporters target partners from the regionphoto caption:  HE Sheikha Lubna Al Qasimi, Minister of Development and Inte more >>
JA Resorts & Hotels honoured at World Travel Awards
03.12.2013
photo caption:   (L-R) Yasser Mansour, Resident Manager of JA Jebel Ali Golf Resort receiving the award for ‘World’s Leading Family Resort’ from Graham E. Cooke, President & Founder, World Travel Awar more >>
Lawrence joins Arabian Travel Market
03.12.2013
Photo caption: (L-R) Jonathan Lawrence and Abbi Modaberi join the Arabian Travel Market’s growing marketing team. ATM adds new faces to marketing team as 2014 campaign goes into full swing - Jona more >>
Expo 2020 Dubai- congratulatory quote from Informa Exhibitions Middle East COO
28.11.2013
Ms Nicky Mason, COO of Informa Exhibitions Middle East about Dubai’s successful Expo 2020 bid.Nicky Mason, Chief Operating Officer, Informa Exhibitions Middle East, exhibition organisers of events including Cityscape Global, Arab Health and Middle East Electricity“Dubai is firmly established as an international events venue, offering wo more >>
Mr K Rajaram, CEO of Al Nabooda Automobiles about Dubai’s successful Expo 2020 bid.
28.11.2013
Mr. K. Rajaram, CEO, Al Nabooda Automobiles, sole distributor of the Porsche, Audi and Volkswagen brands in Dubai and the Northern Emirates“Everyone who lives and works in Dubai can celebrate the announcement that Expo 2020 will be staged here, because we all stand to benefit from the many advantages this will bring. The choice of Dubai more >>
The Leadership and Talent Forum presented by Al Khafji Joint Operations inaugurates in Dubai
28.11.2013
Forum hosts notable speaker line up including one of the top 20 business thinkers in the world and Former Director of Football Operations at Chelsea photo caption: The Leadership and Talent forum which inaugurates more >>
DP World Group CEO to deliver keynote speech at TOC CSC Middle-East
28.11.2013
3rd TOC CSC Middle East event to assess impact of regional port development, trade with neighbour regionsphoto caption:Mr Mohammed Sharaf, Group CEO of DP World will deliver the keynote speech more >>
Abu Dhabi Alive, Health and Lifestyle event
27.11.2013
Four day fun fitness extravaganza, Abu Dhabi Alive kicks offphoto caption:  Abu Dhabi Alive kicks off with a bang as visitors flock to the UAE’s first-ever fitness and lifestyle exhibition.  The UAE&rsqu more >>
Dubai International Jewellery Week at the Dubai World Trade Centre
27.11.2013
Regional contribuction to global consumer demand for gold jewellery sees double digit year-on-year growth - World Gold Council reportDubai International Jewellery Week, 4-7 December 2013photo caption:  More t more >>
Jenaan Investment signs partnership agreement with South African company
27.11.2013
....to boost hay production in SudanNew partnership with Suidwes signed at SIAL Middle East to provide technical advice in US$160 million worth of agriculture projects in Sudan more >>
American Delight wins prestigious SIAL Innovation Award
25.11.2013
... with canned fishless tunaSeventy innovative food products from around the world share SIAL Middle East spotlight in Abu Dhabiphoto caption:  The SIAL Innovation Observatory at SIAL Middle East, putting a spotlight on 70 of the world&rsq more >>
Die nächste Generation des Luftverkehrszentrums im Dubai World Central (DWC)
25.11.2013
Auf der Dubai Airshow 2013 wurde die nächste Generation des Luftverkehrszentrums "Aviation District" im Dubai World Central (DWC) vorgestellt. Mit einer Fläche von 6,7 qkm in direkter Nachbarschaft zum Al-Maktoum-Flughafen ist der DWC Aviation District ein integrativer und strategisch ausgelegter Branchenverbund, der den Anforderungen des modernen Fl more >>
Infrastructure boom moves Qatar up mice table
25.11.2013
Billion-dollar investment in transport, venues, hotels and high-profile events underlines the Qatar’s tourism strategy to diversify economy  Qatar has set its sights on becoming a global meetings destination of note, investing more than more >>
China Homelife- more than 1000 Chinese manufacturers showcase home interiors in Dubai
25.11.2013
- China Homelife exhibition in Dubai sees 150 per cent increase year on year; -  China-UAE trade increases 35% every year for past decadephoto caption: China Homelife is the region’s largest showcase for Chinese ho more >>
A romantic escape at Rosewood Corniche Jeddah
25.11.2013
Opulent Jeddah hotel offers ‘Red Sea Romance Package’ for couples looking to spend blissful quality timeWhether you are newly married or celebrating many years of togetherness, Rosewood Corniche, Jeddah’s most luxurious hotel more >>
His Highness Sheikh Mansour Bin Zayed Al-Nahyan opens SIAL Middle East 2013
25.11.2013
Region’s fastest growing food & drink trade exhibition welcomes more than 1,000 exhibitors from 40 countries, 21 international pavilionsphoto caption: H.H. Sheikh Mansour Bin Zayed Al Nahyan opened SIAL Middle East 2013, taking place at more >>
Dubai Christmas Festival in December
25.11.2013
Tickets for the Lindt presents the Peter Pan and Tinker Bell pantomime show almost sold outPack the pixie dust and head to Never, Neverland at this year’s Dubai Christmas Festival (5-7 Decemb more >>
Bahrain Tourism banking on MICE
21.11.2013
Kingdom’s strong economic recovery supported by a mammoth 116% hike in the number of exhibitions and conferences staged at BIECCPhoto caption:  Bahrain International Circuit (BIC), home to the Formula 1 Gulf more >>
CSR Qatar Summit
21.11.2013
More CSR monitoring, governance needed for Qatari business, says Vodafone ahead of CSR Qatar summit photo caption: The inaugural CSR Qatar Summit takes place from 24-25 November at Renaissance Doha City Center Hotel. more >>
The Gulf Traffic Conference will spotlight the latest road safety trends
21.11.2013
Gulf roads becoming safer but sustained fatality reduction may still take decades, says expert- Bahrain, UAE roads among region’s safest; - Gulf Traffic Conference spotlights road safety best practice more >>
2001-2022 copyright automobilsport.com