Khalifa Fund
About Khalifa Fund
for Enterprise Development
About
Khalifa Fund for Enterprise Development
Khalifa Fund for Enterprise Development was established in 2007, by the virtue of the Law 14 of 2005 and its amendments, in the implementation of the vision of His Highness Sheikh Khalifa Bin Zayed Al Nahyan. The Khalifa Fund works as an independent, not-for-profit economic development agency of the Government of Abu Dhabi for the development and support of small-to-medium enterprises (SMEs).
The Fund helps to develop local enterprises in Abu Dhabi through instilling and enriching an investment culture amongst UAE nationals. The Fund also seeks to support and develop SMEs in the Emirate.
Khalifa Fund was founded in 2007 with a total capital of AED 300 million, which gradually increased in 2008 to AED 1 billion, in order to meet the growing demand for the Fund’s services. In 2011, the Fund’s total capital was increase to AED 2 billion, and the Fund covered all of the UAE through a network of branches
Khalifa Fund Services
Khalifa Fund for Enterprise Development provides a diverse range of support services for funded and non-funded entrepreneurs, during the many various phases of a project’s lifecycle.
Entrepreneurs can expect to receive franchise development services across the setup, operational, and growth phases, as well as ongoing support and capacity-building training
Setup Phase
- Facilitation of securing location through agreements with selected strategic partners (shopping malls, Business Centres, and Industrial cities)
- Government fees waivers through agreements signed with major local, and federal government entities, as well as private entities.
- Facilitating contacts with different stakeholders to obtain the required approvals.
Operational Phase
- Business counselling and a dedicated relationship manager to monitor the performance of the business for all funded applicants
- Provide mentoring and support to all members
- Facilitating priority in tendering opportunities, in both semi-government and private entities through signed agreements
- Facilitate access to a new market, through agreements signed with key market players in the public, semi-public and private sectors
- The participation of Khalifa Fund members to selected tradeshows and exhibitions, both locally and internationally, in order for them to gain exposure to worldwide best practices, technology development and potential clients.
Growth Phase
- All the Entrepreneurship training programs provided by the training section are tailor-made and designed to meet the development needs of the targeted audience, the potential entrepreneurs and SMEs
- Khalifa Fund also offers customized training programs on emerging topics such as information technology, e-commerce, digital marketing, etc., based on market needs and institutional partnership collaborations
Growth Phase
- Introducing new investment opportunities to expand.