"Khalifa Fund" It offers a new financial package as parties to finance and support entrepreneurs

2025/03/04 4:56:31 PM

2 minutes read

Abu Dhabi, March 4 / WAM / The Khalifa Fund for Project Development announced that it will continue to provide a new financial package within its existing financing programs to support Emirati entrepreneurs from emerging and existing projects in the priority sectors in Abu Dhabi; Where the fund continues to receive requests for those wishing to obtain medium and long -term loans to meet the aspirations of their innovative projects.

The financing programs offered by the Khalifa Fund include the emerging projects financing program and the existing project financing program with the aim of enhancing the culture of innovation, upgrading its competitiveness, enabling its sustainable success in transparency, and enhancing the growth of the small and medium enterprise system in the priority sectors that include health care, education, agricultural technology, information technology, communications, tourism, industry and innovative projects.

The emerging project financing program provides a loan equivalent to 80 percent of the total costs of the project, on facilitated conditions, a period of payment of up to 84 months, and a period of grace of up to 24 months.

The financing program also allows the expansion of existing projects a loan to support the owners of successful and stable small and medium enterprises in the market, which it wants to develop and expand; Where the financing support by the loan amounts to 80 percent of the total expansion costs.

“We are committed to move forward to enable entrepreneurship in society and contribute to establishing the pillars of a more diverse and sustainable economic model, and through this step we seek to create financing solutions aimed at expanding our support for projects, especially small and medium projects as a basic pillar to establish the pillars of a model model Sustainable economist, the main motivation for attracting investments and enhancing the competitiveness of the national economy.

Al -Nasiri added: “We call on entrepreneurs to take advantage of the support opportunities provided, with its financing and non -financing aspects, and seizing the available advantages under the umbrella of the new financial packages from our programs. We confirm our commitment to support and consolidate the culture of innovation and entrepreneurship, in line with the Falcon Economics initiatives, which lead the emirate’s journey to the next stage of economic diversification and enhance the shift into a smart and circular economy, especially on Upper Egypt Support Small and Medium Enterprises, in an effort to raise its contribution to GDP growth, enhance the competitiveness of the Emirate of Abu Dhabi and consolidate its leading position as an optimal environment for innovative projects, entrepreneurship and an incubator for innovation. Financial programs are an effective tool to support emerging projects and enable entrepreneurship, and contribute to enhancing the growth, sustainability of the national economy and diversity of its tributaries, as well as providing more job opportunities.

These programs include a wide range of facilities and support tools, including long -term supplies, to enable borrowers to manage their financial obligations smoothly. In addition to the financing programs, the Khalifa Fund provides an integrated set of training and consulting services to support entrepreneurs, develop their experiences and enhance their success opportunities; During the year 2024, the Fund presented training courses in the field of entrepreneurship to 5,658 applicants, and group counseling courses for 613 applicants, with the aim of providing integrated support and experiences to project owners and converting their ambitious ideas into success stories.