Start-ups and small, micro and medium enterprises (SMMEs) are projected to be the largest recipients of Dubai’s accomplishment of its tourism plan, in addition to the hosting of Expo 2020, Dubai’s tourism chief stated.
Entrepreneurship, whether big or small, is one of the most worldwide reliable and pertinent phenomena, redefining the economic landscape in the enhanced and enhancing world. By itself, the aimed doubling of tourism figures, together with human capital progress, are major contributors to sustainable progress.
It was noted that Dubai’s target to receive 20 million guests by 2020 will head to robust business avenues for entrepreneurs and SMMEs as the diversification of service offerings grow to assist the anticipated arrival.
Small and medium enterprises (SMEs) signify more than 90% of all Dubai-registered firms, accounting for 42% of the labour force and giving 40% of the emirate’s gross domestic product (GDP).
I was also stated that DTCM will work with policymakers and the business and investment community to allow the start-ups and SMMEs division to succeed.
Dubai has always been delegate of an economy built on the intensity of Public-Private Partnerships (PPPs) and as they go to the UAE’s Golden Jubilee in 2021, they anticipate strapping up the complete prospective of the young and high-growth businesses around the world.
They proffer a very resilient and extremely democratised proposal for Start-ups and SMMEs. As a tactical main concern for the emirate, they will continue to work very intimately with policymakers and the global industry and investment society to allow this division to prosper moving onward.