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UAE launches AED 1 billion fund to support SMEs in key sectors, aiming to boost industrial GDP.
The Emirates Development Bank has launched the Emirates Growth Fund with AED 1 billion to support small and medium-sized enterprises (SMEs) in the UAE.
The fund targets businesses in sectors like manufacturing, healthcare, and advanced technology, focusing on those with annual revenues of at least AED 10 million.
Investments range from AED 10 million to AED 50 million per company.
The fund aims to boost these companies' growth and contribute to the national strategy of increasing the industrial sector's GDP to AED 300 billion by 2031.
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Emiratos Árabes Unidos lanza un fondo de 1 mil millones de AED para apoyar a las PYMES en sectores clave, con el objetivo de impulsar el PIB industrial.