Abu Dhabi: SME Finance Facilitator Programme Launched

United Arab Emirates News developments

Abu Dhabi: SME Finance Facilitator Programme Launched

Arab News, 27 November 2023: Abu Dhabi’s Economic Development Department has announced it has launched an SME Finance Facilitator Programme.

It has been launched to provide SMEs with improved access to financial services. Facilitators will be assigned to help SMEs understand financial health checks and improve trust between SMEs and financial institutions.

It has been launched together with the Emirates Classification Society or TASNEEF and is aimed at facilitating the opening of bank accounts and accessing credit facilities to support working capital needs and long-term growth.

It is being supported by the Abu Dhabi Chamber of Commerce and Industry and leading banks.

It has been launched as part of the Department’s efforts to improve the business environment for SMEs in the Emirate.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Tanya Jain