SME Toolkit UAE
Khalifa Fund
Home  > About Us
 Share  Print Version  Email

Other Translations

About Us


About Khalifa Fund For Enterprise Development

Khalifa Fund was launched on 3 June 2007 to help develop local enterprises in Abu Dhabi, with a total capital investment of AED 2 billion. The Fund aims to create a new generation of Emirati entrepreneurs by instilling and enriching the culture of investment amongst young people, as well as supporting and developing small to medium-sized investments in the Emirate.


Khalifa Fund provides integrated and comprehensive programmes to meet the needs and requirements of investors seeking to establish or expand investments.
In order to create a favourable investment environment and strengthen the capacity of entrepreneurs, the Fund has developed a system of support services for entrepreneurs. These include training, development, data and consulting services, in addition to a number of marketing-focused initiatives.
 

Financing solutions are offered for viable projects, which help to feed the national economy. These financing programs are Khutwa, Bedaya and Zeyada, which cover all project segments.
 

In addition, there are a number of other initiatives such as Sougha for heritage handicrafts, Al Radda for correctional centre inmates and Ishraq, for those who have recovered from an addiction at the National Rehabilitation Centre. Amal is a Khalifa Fund initiative that aims to target special-needs Emiratis.

 
SME Toolkit in the UAE

 
In 2012, Khalifa Fund for Enterprise Development  signed an agreement with the International Finance Corporate (IFC) to develop the SME Toolkit web platform for the UAE. The toolkit, an innovation of the IFC, offers entrepreneurs free, online and around-the-clock access to expert information, interactive tools and educational resources in order to help them implement sound business management practices, access finance, and enter new markets. 

 
IFC’s SME Toolkit was launched in 2002 and is available in over 32 countries and 18 languages. Its various websites worldwide receive a combined 5 million unique visitors annually. In many places it is the largest online business support resource in the local language. 

 
Khalifa Fund believes the local content to be developed for the UAE toolkit in addition to the global content will improve the management skills of entrepreneurs, and expand the learning opportunities for the Fund’s members. 

 
The agreement was signed by H. E. Abdullah Saeed Al Darmaki the Chief Executive Officer of Khalifa Fund for Enterprise Development, and Mr. Luke Haggarty the Head of MENA Advisory Services in the International Finance Corporation (IFC). 

 
“This MOU reflects the true dedication of Khalifa Fund to provide the appropriate environment for the sustainable and success of the small and medium enterprises within UAE as well as the enterprises funded by Khalifa Fund in accordance to Abu Dhabi Vision 2030”, said H. E. Abdullah Saeed Al Darmaki the CEO of Khalifa Fund. 
“This SME Toolkit will give the chance for Khalifa Fund’s members to develop their skills and their marketing and managerial talents and others tools in order to develop their Entrepreneurship abilities. This Toolkit will include international experiences in the field of SME which will enable Khalifa Fund’s members to publish their success stories and to communicate effectively with their peers in other countries worldwide”, added Al Darmaki. 

 
Mouayed Makhouf, IFC Director Middle East and North Africa, said “Smaller companies often don’t have access to the information and training resources they need to expand. The SME toolkit will provide them with those resources.” 

 

About SME Toolkit

The SME Toolkit is a program of the International Finance Corporation (IFC), a member of the World Bank Group, and is available in multiple languages through local partners around the world.

In 2006, IFC partnered with IBM to strengthen and expand the SME Toolkit’s capabilities. To date, IBM has invested more than $3 million to co-develop the product on an open-source platform, offering innovative and collaborative features. 

The mission of IFC (http://www.ifc.org/) is to promote sustainable private sector investment in developing countries as a way to reduce poverty and improve people's lives. IFC finances private sector investments in the developing world, mobilizes capital in the international financial markets, and provides technical assistance and advice to governments and businesses.

To learn more about partnership opportunities with SME Toolkit or to share feedback, please Contact Us.


Regional Partners

 Share  Print Version  Email