Training 35 thousand citizens on entrepreneurship

The Khalifa Project Development Fund revealed that more than 35 thousand citizens have benefited, so far, from the training services for entrepreneurship and consulting provided by the fund, with the aim of expanding the scope of beneficiaries of its services during the coming years, and supporting the strategies approved to enhance the entrepreneurial environment in the country.

The Acting Executive Director of the Operations Sector at the Fund, Khalifa Al -Kuwaiti, told «Emirates Today» that the fund provides training and consulting services to citizens in all emirates of the country, with the aim of supporting entrepreneurship at a national level, and enhancing the chances of success of entrepreneurship in various sectors, indicating that the fund is witnessing a great demand for its training programs, which reflects the awareness of the Emirati youth of the importance of acquiring entrepreneurship skills, and their keenness to develop their capabilities To succeed in their future projects.

The Kuwaiti added that the skills learned by the Emirati youth contribute to enabling young people to enter the world of entrepreneurship with confidence, and also helped many participants in converting their ideas into successful projects, pointing out that the fund has many success stories for Emirati entrepreneurs who started their journey through its training programs, and they were able to build successful and sustainable projects.

He stated that the fund provides training and consulting services for Emirati youth in various sectors and pioneering stages, with the aim of providing them with the skills and knowledge necessary to launch their projects and manage them effectively, stressing the fund’s keenness to meet the development needs of the largest possible segment of entrepreneurs through specialized programs designed to enhance the culture of innovation and entrepreneurship in society, and achieve the goals of the “falcon economy” that focuses on integrating a group of basic ingredients that It includes: capital flows, the availability of competencies and talents, modern technologies and innovations in various fields.

The Kuwaiti explained that the training operations target various age groups, including school and university students, with the aim of instilling a culture of entrepreneurship they have from an early age, which contributes to building a new generation of innovative entrepreneurs who are able to develop quality ideas and projects, indicating that the Khalifa Project Development Fund allows project financing for Emirati entrepreneurs starting from 21 years of age and under 60 years.

He indicated that the fund focuses on teaching a variety of skills, mainly focusing on entrepreneurship skills, such as innovative thinking, developing commercial models, feasibility studies, financial planning and marketing, with the aim of enabling Emirati youth to establish sustainable projects that contribute to supporting the national economy, and enhancing their initiative’s spirit.

He added that the fund provides a full section to provide the necessary training support, and that the training comes within the framework of the financing and non -financing services it provides to Emirati entrepreneurs as one of the most important elements of the national economy, and within the framework of keenness to succeed their projects.

And on how to reach the Emirati youth to teach them these skills, and are they followed up after the end of training programs? The Kuwaiti said that the fund is working to facilitate access to its services through the fund’s platforms, in addition to government platforms, such as the “Tam” platform, and cooperation with the strategic partners of the fund to provide training and consulting services, explaining that training programs are provided through virtual and attendance electronic platforms, allowing them to benefit from the largest possible number of Emirati youth, while the fund follows the participants after the end of the programs to ensure continuity to ensure continuity Learning and supporting them on their pioneering journey.

He pointed out that the training operations were launched since the establishment of the fund in 2007 with the aim of raising the efficiency and skills of Emirati entrepreneurs, which enables them to manage their projects successfully, indicating that the training courses provided by the fund are part of the continuous operational initiatives offered by the fund, and are being developed periodically to meet the needs of the market and entrepreneurs.

---

Funds

The total financing ceiling for the activated loans, which was presented by the Khalifa Fund for Project Development since its foundation in 2007, reached about 1.327 billion dirhams, which funded more than 1,100 Emirati projects from the category of small and micro projects.