Abu Dhabi: Khalifa Fund for Enterprise Development and Al Mushrif Cooperative Society have partnered to support aspiring entrepreneurs and business owners in the region.
Entrepreneurs stand to gain substantial advantages through this strategic partnership. Businesses can acquire a 25 percent to 50 percent discount on registration fees, listings, and retail space, making it more affordable for entrepreneurs to establish and showcase their products, as well as enhanced financial stability with the convenience of receiving payments 30 days earlier, ensuring better cash flow management for businesses.
Entrepreneurs can also benefit from significant savings, with discounts ranging from 20 percent to 40 percent on kiosks and from 15 percent to 20 percent on shop rentals, depending on the activities chosen and the places available for rent. This will help reduce overhead costs and enable sustainable business growth.
Ms. Alia Abdulla Al Mazrouei, CEO of Khalifa Fund, stated that, “This collaboration between Khalifa Fund and Al Mushrif Coop is a testament to our commitment to fostering entrepreneurial success in the region. By offering substantial discounts on registrations, listings, and retail spaces, as well as sharing invaluable insights from Al Mushrif Coop’s experience, we aim to empower businesses, cut overhead costs, and create growth opportunities for Emirati entrepreneurs.”
“This partnership aligns with our vision of building a thriving entrepreneurial ecosystem and supporting the development of sustainable businesses,” Ms. Al Mazrouei added.
Mr. Khalaf Khalifa Al Mazrouei, Chairman of the Board of Directors of the Mushrif Cooperative Society, stressed the importance of the national and social role of cooperatives and their ability to respond to the economic and social needs of the Emirati community, as it is an essential pillar in maintaining market stability and one of the main engines for supporting the national economy.
Mr. Al Mazrouei expressed his optimism about this agreement, which seeks to strengthen Joint work with the Khalifa Fund for Enterprise Development through the association providing a package of benefits allocated to the members of the fund in addition to transferring the association’s expertise to them, which is a unique opportunity for entrepreneurs to gain knowledge from the expertise provided by the Mushrif Cooperative Society and thus apply best practices in the field of business.