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Wednesday, November 11 - 2009

Dubai Department of Economic Development announces intent to move to Entrepreneur Business Village

  • United Arab Emirates: Sunday, July 05 - 2009 at 15:38
  • PRESS RELEASE

The Department of Economic Development announced it will move its offices, and the offices of its four agencies, to the Entrepreneur Business Village, the emirate's first integrated hub dedicated to entrepreneurs and business innovation.

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  • HE Mr Sami Al Qamzi & Mr Abdul Baset Al Janahi.
    HE Mr Sami Al Qamzi & Mr Abdul Baset Al Janahi.
The upcoming move, seen as indicator of continuing confidence and economic growth in the emirate, is part of DED's commitment to enriching and improving access to its customer services.

The Entrepreneur Business Village, a brand new purpose-built one million sq. ft. facility located adjacent to the Clock Tower in Deira, will offer small, medium and large businesses easy access to DED's diverse services and personnel, with the added benefit of onsite parking and facilities including business consultancy, parking and leisure. The Village is an initiative of the Mohammed Bin Rashid Establishment for Young Business Leaders.

His Excellency Mr Sami Al Qamzi, Director General, DED, said: "The move to Entrepreneur Business Village will contribute to creating an integrated work environment where all facilities and requirements are available for customers."

"One of our key objectives is to work more closely with the private sector and ensure that they have the opportunity to provide input into economic policy development. Together with our agencies - the Foreign Investment Office, the Export Development Corporation, the Dubai Shopping Festival Office and the Mohammed Bin Rashid Establishment for Young Business Leaders, which supports SME growth in Dubai - we will contribute to the economic growth plans of Dubai,"


added Al Qamzi. Additional details about the timeframe of the move will be announced in coming months.

Abdul Baset Al Janahi, Mohammed Bin Rashid Establishment for Young Business Leaders CEO said: "Shifting DED's offices and agencies to the Village will be a critical support to the SME sector as all manner of services will be available under one roof to help small and medium-sized companies set up and nurture business activity and contribute to Dubai's economic growth."

Entrepreneur Business Village is a strategic starting point for emerging businesses in Dubai as it includes funding institutions, strategic partners and capital investment companies. The EBV offers services for establishing businesses, and will host other supporting services in the future.

The Village comprises a mixed-use business incubator, surrounded by commercial and business organizations directly engaged in supporting and providing services to foster entrepreneurship and SMEs. A number of public and federal bodies are moving to its premises, including the UAE Ministry of Foreign Trade and Aswaaq.

The Entrepreneur Business Village recently signed agreements with the German-Emirati Joint Council for Industry & Trade, the British Business Group, Dubai and the Northern Emirates and the Australian Business Council - Dubai.

The Village, which aims to become a business hub for Dubai and the region, is one of several initiatives from the Mohammed Bin Rashid Establishment to unlock and strengthen the immense business potential among entrepreneurs by providing a comprehensive array of services and facilities to drive business. The Village will be an integrated platform for different social and trade activities, and includes facilities from a business center to meeting rooms and conference venues.
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Notes and media contacts

About Mohammed Bin Rashid Establishment for Young Business Leaders
Mohammed Bin Rashid Establishment for Young Business Leaders was launched on June 12, 2002 and was formed with a vision to nurture the entrepreneurial spirit in Dubai, encourage and facilitate the development of business and entrepreneurial activity among UAE nationals and catalyze the development and growth of a key sector of the economy, the small and medium business sector.

The Establishment's key activities focus on creation of new businesses by offering a platform for ideas and financial support, inspiring entrepreneurial spirit among UAE nationals, raising awareness of business opportunities and spreading business knowledge and assisting and supporting enterprises run by UAE nationals through instilling best practice and providing them with market opportunities.

For more information, please contact:

Nizar Aridi /Wafa Yahya
ASDA'A Burson Marsteller
Tel: (+971 4) 334 4550
Fax: (+971 4) 334 4556

About Entrepreneur Business Village
Entrepreneur Business Village (EBV), is Dubai's Government's latest landmark development in the heart of Dubai. The million square feet commercial development is set to be the regions Largest Business Incubation Park and the focal point for all regional Entrepreneurial Development activities.

EBV aims to provide a complete enabling environment which will be conducive to the growth of start up businesses and small and medium enterprises (SME). It will cater to 100% UAE national as well as mix ownership companies. Unlike most commercial real estate developments EBV will be particularly sensitive to the challenges of setting up and doing business in Dubai and will display a portfolio of offerings suited to the needs of the SME sector including leading incubation services.
EBV is an initiative of the Mohammed Bin Rashid Establishment for Young Business Leaders (MBRE) which is the lead government entity spearheading the Dubai government's efforts to develop the Small & Medium size Enterprise (SME) sector of the emirate, as well as encouraging and enabling UAE national entrepreneurs to take an active role in the infused development. The establishment has a portfolio of members covering a wide number of industries, including service, trade, commercial, professional and industrial.

For more information please contact the Business Village team on:

Toll Free: 800 EBV - 800 328
Tel: +971 4 3613100
Fax: +971 4 3681000
P. O. Box: 66166 Dubai, UAE

About Department of Economic Development (DED):
The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth.

DED and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses

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