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Fujairah Chamber, Khalifa Fund discuss strategic partnership to support small projects


FUJAIRAH; Khalifa Khamis Mattar Al Kaabi, Board Chairman of the Fujairah Chamber of Commerce and Industry, has stressed his organisation’s willingness to support and harness potential of small projects that make important contributions to the national economy, as well as to encouraging youth to engage in private business.
He made this statement during a meeting with Abdullah Al Darmaki, Chief Executive Officer of Khalifa Fund for Enterprise Development; Ibrahim Ahmed Al Mansouri, Chief Operations Officer at the Khalifa Fund; and in presence of chamber board members and Khaled Mohamed Al Jassem, General Manager of Fujairah Chamber, and Yousuf Al Marshoodi, Fujairah Branch Director of the Khalifa Fund.
During the meeting, they discussed ways to support the strategic partnership between the Fujairah Chamber and the Khalifa Fund, while highlighting the importance of constant communication between the relevant authorities to achieve the desired goals of developing small projects and overcoming obstacles and challenges.
According to Fujairah Chamber’s representative, it is currently implementing the start-up "Bedaya" programme to support small projects. It also sends a group of young people every year to attend the Canton Exhibition in China, considered as one of the world’s largest exhibitions. It also organises specialised workshops for youth and entrepreneurs, on making feasibility studies for small projects and ways to manage and market business ideas while maintaining quality and competitiveness.
According to Khaled Al Jassem, the chamber provides conditional funding for enrolled projects under a Memorandum of Understanding (MoU) with the Khalifa Fund. Under this MoU, enrolled projects can obtain benefits such as exemptions for issuance coverage, renewal fees and other charges for certification under Resolution Number 9 (2011) by the Fujairah Ruler, to assist the development of projects with the Khalifa Fund. In addition to insurance exemptions, guarantees that relate to tendering for projects are also implemented by the chamber.

WAM

Date : 2/3/2017 9:14:06 AM

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