Ruwad to launch its enterprises at the ESCA sponsored "Technical Exchange Forum"

The event aims to explore young creative talents willing to run enterprises in ICT Sector and encourage them to establish small enterprises that meet the technologically advanced concepts and projects.

"Technical Exchange Forum" is the first of its kind initiative that intends to promote investment in ICT Sector by providing the necessary support infrastructure that ensures continued validity of IT, Communication, and E-commerce in the UAE.

The support will include education and training programs in the field.

The first phase of the forum will see a shortlist of best enterprises, provided that they were submitted by IT and Telecommunication College graduated.

The selected candidates will be provided with development process of their creative ideas in accordance with the highest international standards in the industry.

They will attend training programs to advance the level of theoretical understandings of ICT as well as their applications.

They will receive management expertise and infrastructure support.

Commenting on Securities and Commodities Authority's sponsorship of the event, Mr. Abdullah Al Turifi, CEO of ESCA, said:

"The role of ESCA is to permanently support investment in diverse sector. The authority seeks to support training and development of national skills, especially in ICT sector, as the Securities and Commodities activities are based on adopting the latest IT trends. Therefore, we have been keen to support Ruwad initiative as it will provide leading enterprises that add a further momentum to diverse economic sectors".

"In line with the UAE government's strategy, investment in national workforce has top priority on our agenda. We have already launched a national program named "SHARE", which aimed at providing the technical support to the national workforce and enabling them to work in financial markets. Our sponsorship to Ruwad Technical Forum is consistent with our approach to encourage and support the investment projects that meet the ambitious requirements of the UAE's growth program", Al Turifi added.

H.E Ahmed Mohammed Al Midfa, Ruwad's deputy chairman, said: "I avail myself of this occasion to extend my heartiest thanks and appreciation to His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah for his continuous support for Ruwad. The establishment is committed to carry his vision and to work under his wise directions to support creativity and innovation of the UAE nationals. I extend my heartfelt thanks and appreciation to H.H Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, for his follow up and productive directions to the establishments".

"I invite all the talents and creative UAE nationals in ICT industry to attend this forum, and to contact Ruwad to get the details of the project, so that they can utilize the opportunity offered by ESCA to provide nurturing business incubators for their effective ideas", he added.

Based in Sharjah, Al Ruwad Establishment promotes and supports individual organizations and small and medium companies established by UAE nationals.

It creates a positive climate for creative projects implemented by individuals and groups, through advising and guiding them in the right direction.

The organization functions to motivate UAE locals to venture into diverse economic investment fields and participate in development policies that impact their business objectives.

Al Ruwad Establishment also encourages research and development by establishing support packages for scientific research and technical development.

It provides all tools and consultation for the attainment of its vision towards a promising economic environment.