UAE support for startups enhances its expansion globally

The UAE continues to strengthen its environmental support for startups and entrepreneurship, through flexible government policies, advanced legislation, and global level infrastructure, which made it one of the most attractive destinations for investors and entrepreneurs worldwide, at a time when entrepreneurs who received the “Sheikh Khalifa Prize for Excellence” confirmed that the support provided by the state for emerging companies enhances projects to expand regionally and globally.

The UAE is currently a global center for emerging business, thanks to the legislation that encourage foreign investment, such as allowing fully ownership of projects in many sectors, providing tax incentives and specialized free zones, in addition to government initiatives, such as the “300 billion project” to enhance national industries, as well as a number of incubators of startups such as “Hub71”.

In this context, the Sheikh Khalifa Prize for Excellence is highlighted, as one of the main initiatives that enhance the standards of quality and competitiveness in the business sector, as this award is awarded to companies that achieve high levels of performance and innovation.

A number of entrepreneurs who won the Sheikh Khalifa Prize for Concession, recently, stressed that the business environment in the country is characterized by high competitiveness that speeds up the growth of companies, noting that the support provided by the state for emerging companies and entrepreneurs contributes to achieving sustainable growth, and enhances the project’s ability to expand regionally and globally.

“The award confirms the company’s role in supporting the spread of electric cars, by strengthening the infrastructure of vehicle decorations, in line with the UAE’s vision in transforming sustainable transport solutions.”

He added that the business environment in the Emirate of Abu Dhabi – with the support it provides for entrepreneurs and startups – is a major factor in the success of Emirati projects.

For his part, the Director General of the “Al -Ittihad Factory for Copper Bars”, Mohamed Salman, stressed that the manufacturing sector in the UAE is witnessing increasing growth with the support of export and stimulating industrial legislation, explaining that the factory always seeks to achieve more excellence and expansion, in line with the UAE vision of the future of industry and economic sustainability.

Salman pointed out that the factory produces copper with a capacity of 200 thousand tons annually, and 90% of its production is issued to foreign markets, which makes it a major shareholder in supporting the national economy and enhancing Abu Dhabi’s position as an advanced industrial center.

In turn, the co -founder of the commercial CEO of “Archireef”, Dennis Tegrick, said that winning the Sheikh Khalifa Prize Prize represents an important station in the company’s march that devotes its efforts to restore environmental systems in the maritime and marine field.

He explained that the environmental protection sector needs more specialized companies, and to enhance cooperation in this vital field with different parties, pointing out that the company is working closely with parties such as the Environment Authority – Abu Dhabi.