Latest news with #KhalifaFund
Zawya
3 days ago
- Business
- Zawya
KFED and ADPIC sign strategic agreement to collaborate on infrastructure development in Abu Dhabi
Abu Dhabi: The Khalifa Fund for Enterprise Development (KFED) and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) signed a strategic agreement to advance bilateral cooperation and support the procurement activities of entrepreneurs and small and medium-sized enterprises (SMEs) through the Abu Dhabi SME Champions Programme. The agreement was signed by Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development and H.E. Maysarah Mahmoud Eid, Director General of ADPIC, during the Abu Dhabi Infrastructure Summit, held recently at the Abu Dhabi Energy Centre. The strategic decision reaffirms both entities' commitment to accelerating industrial development and offering innovative solutions to entrepreneurs operating in the infrastructure sector. Most notably, the agreement seeks to accomplish key objectives –providing targeted procurement support programs for SMEs, connecting these enterprises with government and private sector entities across Abu Dhabi to capitalise on available procurement opportunities, and facilitating cooperation and participation in SME-focused programs and activities in the emirate to promote the sustainable development of the sector. Commenting on the agreement, Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development, said: 'We are pleased to further strengthen our partnership with ADPIC through this strategic agreement, enabling us to empower entrepreneurs and enhance their role in Abu Dhabi's vital infrastructure sector. The collaboration fuels our shared commitment to supporting SMEs and fostering an environment that promotes innovation and growth, which aligns with the forward-thinking vision of our wise leadership and Abu Dhabi's goals of building a more sustainable and advanced future.' H.E. Maysarah Mahmoud Eid, Director General of ADPIC, added,"This strategic partnership with the Khalifa Fund is a pivotal step in strengthening Abu Dhabi's economic ecosystem. Our collaboration underscores ADPIC's commitment to a holistic approach to infrastructure development. By actively supporting our SMEs and integrating them into critical infrastructure projects, we are fostering innovation and local content while also diversifying our supply chain, driving sustainable growth, and building a more resilient and inclusive economy for the future of our Emirate.' The Abu Dhabi Infrastructure Summit serves as a comprehensive platform for policymakers, investors, developers, contractors, and industry experts from around the world to address emerging trends, showcase innovative solutions, and expand strategic partnerships that drive the development of resilient, integrated cities. By gathering industry leaders and innovators under one roof, the event seeks to promote excellence in the construction and urban planning sectors, ultimately raising living standards in accordance with Abu Dhabi's ambitious vision for sustainable development and economic prosperity. About Khalifa Fund for Enterprise Development: The Khalifa Fund is an independent, non-profit organisation affiliated with Abu Dhabi Government. Its mission is to nurture the culture of entrepreneurship, promote innovation, and offer support for small and medium-sized enterprises (SMEs) within the UAE through a balanced ecosystem. Founded in 2007 in accordance with Law No. 14 of 2005 and its amendments, the Fund was established to align with the vision of the late His Highness Sheikh Khalifa Bin Zayed Al Nahyan, former President of the United Arab Emirates. About Abu Dhabi Projects and Infrastructure Centre: Established in 2023, ADPIC's vision is to oversee and manage capital projects aimed at enhancing the quality of life for every resident in the Emirate of Abu Dhabi. This involves diverse projects such as housing, infrastructure, tourism, community facilities, and education. ADPIC's mandate includes managing contracts, reviewing, approving, planning, and designing capital projects. These are overseen by the Centre in close collaboration with relevant entities and stakeholders to ensure quality is maintained while also facilitating efficient project execution in alignment with Abu Dhabi's strategic goals. Throughout its operations, the Centre is committed to strengthening public-private partnerships and adopting global best practices in sustainability.
Zawya
12-06-2025
- Business
- Zawya
Khalifa Fund opens registration for 8th edition of ‘Venturist' Summer Camp focused on game development
Abu Dhabi – The Khalifa Fund for Enterprise Development (KFED) has opened registration for the 8th edition of its 'Venturist' Summer Camp, targeting Emirati students aged 13 to 18. The week-long summer camp will be held from July 7 to 11, 2025, at the Abu Dhabi 42 headquarters in Zayed Port, Abu Dhabi. This first of its kind camp is designed to empower the youth and enhance their skills in technology and game development fields. Its training programme is divided into two distinct pathways based on age. The first one, for those between the ages 13 to 15, aims to build a strong foundation in programming and game development. The second, tailored for those aged 16-18, offers the opportunity to explore advanced concepts in game development and design. The programme serves as a dynamic platform to explore game development in an educational environment, blending learning and recreation. It also encourages collective work and enhances team spirit, while cultivating entrepreneurial and creative thinking. Participants are encouraged to develop innovative ideas and practical solutions that align with current market trends and demands. Moreover, the camp is organised under the supervision of specialised trainers in game development, aiming to enhance students' skills in programming and project development aspects. Mouza Al Nasri, Acting CEO of the Khalifa Fund for Enterprise Development, said, 'The camp is much more than just an educational programme, rather it aims to foster a dynamic environment that contributes to enhancing creativity, developing technical skills, teamwork and entrepreneurial thinking, while enabling participants to gain game development experience. Such an approach empowers Emirati youth to hone their skills and develop innovative ideas. This further aligns with our vision to promote innovation in Abu Dhabi, recognising its vital role in strengthening the small and medium-sized enterprise ecosystem, especially within the realm of game development. The camp will also prepare students for freelance and future career opportunities in the gaming sector.' Since its launch in 2022, the summer camp has attracted the participation of 750 Emirati students across its intensive training programmes. Participants were even awarded a prestigious training certificate from Stanford University, reflecting the superior quality of the training. The Khalifa Fund invites ambitious young minds to leverage this valuable opportunity and become a part of an inspiring educational journey. Registrations are open for Emirati students aged 13 to 18, and residing in Abu Dhabi, until June 30, 2025. To register and learn more about the application criteria, please visit the website: About Khalifa Fund for Enterprise Development: The Khalifa Fund is an independent, non-profit organisation affiliated with Abu Dhabi Government. Its mission is to nurture the culture of entrepreneurship, promote innovation, and offer support for small and medium-sized enterprises (SMEs) within the UAE through a balanced ecosystem. Founded in 2007 in accordance with Law No. 14 of 2005 and its amendments, the Fund was established to align with the vision of the late His Highness Sheikh Khalifa Bin Zayed Al Nahyan, former President of the United Arab Emirates. To learn more about the Khalifa Fund for Enterprise Development, please visit: For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Arabian Business
11-06-2025
- Business
- Arabian Business
UAE franchise sector generates $27.2bn revenue a year
The UAE's franchise industry has become a significant contributor to the national economy, with annual revenues exceeding AED100bn ($27.2bn) and an annual growth rate of 15 per cent. Regionally, the MENA market is valued at more than AED120bn ($32.7bn), while globally the sector generates more than AED6tn ($1.63tn) and supports over 19m jobs through 2m franchisees. In celebration of World Franchise Day on June 11, the Emirates Franchise Association, affiliated with the Abu Dhabi Chamber of Commerce and Industry, hosted a high-profile forum under the theme 'Franchise Unites Us and Innovation Leads Us.' UAE franchises pass $27.2bn in revenue The event, held at the Chamber's headquarters, brought together a group of entrepreneurs, decision-makers, and public-private sector representatives with a shared interest in the rapidly growing franchise sector. Organised in collaboration with the Khalifa Fund for Enterprise Development and the Abu Dhabi Businesswomen Council, the forum focused on strategies to expand UAE-based franchise brands both locally and globally. This economic footprint underscores franchising's role in empowering entrepreneurs, creating jobs, and fostering sustainable business ecosystems. Noor Al Tamimi, Chairwoman of the Emirates Franchise Association, said that celebrating World Franchise Day reinforces the franchise sector's status within the UAE's economic ecosystem, especially considering national efforts to diversify sources of income and promote an entrepreneurial culture. She emphasised that franchising today is a practical tool for business growth, enabling entrepreneurs to operate within an integrated operational system, allowing them to benefit from knowledge, training, and institutional support. Al Tamimi said: 'The Emirates Franchise Association continues to implement its national strategy aimed at enabling Emirati brands to expand locally and globally. The relaunch of the Association's corporate identity has been a significant turning point in its journey, especially after it received official recognition from the World Franchise Council, which made it the accredited representative of the UAE at this international forum.' She confirmed that the Association hopes to be a strategic partner in building an integrated franchise ecosystem in the UAE, one that is based on supportive legislation, accessible financing, specialised training, and international representation. The forum featured a key dialogue session titled 'Meeting of Minds', where franchise owners, consultants, and experts discussed opportunities and challenges in growing local franchises. Topics included legal frameworks, operational readiness, and financial support mechanisms critical to achieving competitive and sustainable expansion. A presentation showcased successful Emirati brands that have scaled through franchising, and celebrated the Association's ongoing efforts to build a future-ready franchise landscape based on innovation and efficiency. Among the highlights of the event was the 'Franchise Walk,' a showcase of select local and international brands, providing attendees with direct insights into diverse business models. Meanwhile, advisory sessions were held in collaboration with professional consultancy firms, offering hands-on guidance regarding the legal, regulatory, and operational aspects of franchising.
Web Release
04-06-2025
- Business
- Web Release
Khalifa Fund for Enterprise Development signs agreement with Inovartic Investment to support startups in UAE gaming sector
Khalifa Fund for Enterprise Development (KFED) has entered into a strategic agreement with the Inovartic Investment to enhance bilateral cooperation and support startups in the gaming sector in the UAE. At the centre of this agreement is a comprehensive framework designed to support early-stage gaming enterprises by offering incubation services, specialised training programs, and financial support. These initiatives will help developers design, build, and successfully bring to market original gaming content. Additionally, the agreement will deliver capacity-building programs to enhance expertise in areas such as game design and storytelling, in line with international best practices. A significant emphasis will also be placed on developing culturally inspired intellectual property that highlights Emirati heritage through authentic narratives, further supplementing the gaming sector with local content. To further accelerate innovation, the collaboration will focus on streamlining the commercialisation of gaming prototypes, enhancing investor pitch strategies, and improving pathways for successful launch of products in the market. Additionally, the agreement will pave the way for joint events and exhibitions that will showcase local talent and groundbreaking projects, increasing their visibility and impact on a larger scale. Mouza Al Nasri, Acting CEO of Khalifa Fund for Enterprise Development, said: 'This partnership represents a significant milestone in our commitment to supporting and empowering Emirati entrepreneurs within the gaming industry. By cultivating an environment that advocates creativity and innovation, we seek to unlock the capabilities of local talent in this dynamic field. Our collaboration with Inovartic Investment reflects our steadfast dedication to strengthening the knowledge economy and promoting sustainable development across diverse sectors, in alignment with the UAE's long-term national vision.' Saif Al Darmaki, Chairman and Co-Founder of Inovartic Investment, stated: 'This agreement marks a transformative chapter in shaping the UAE's future creative economy. By uniting strategic incubators with the rich legacy of Emirati storytelling, we are empowering a new generation of game developers to craft globally resonant intellectual properties — rooted in Abu Dhabi's vision. Our collaboration with Khalifa Fund underscores a shared ambition: to drive innovation, celebrate local heritage, and position Abu Dhabi as the region's premier hub for gaming industry.' Anwar Hussain, Managing Partner and Co-Founder of Inovartic Investment, said: 'We are honoured to partner with Khalifa Fund in driving transformative growth within the gaming industry. This collaboration goes beyond nurturing startups — it is about building a dynamic ecosystem where creative talent, cultural heritage, and global vision converge. Together, we are empowering Emirati innovators to redefine the gaming landscape, ensuring their influence extends from the UAE to the world stage.' This partnership underscores the shared dedication of both organisations toward nurturing a vibrant entrepreneurial ecosystem in the gaming sector. It marks a strategic move toward driving innovation and sustainable growth in the sector, while cementing the UAE's role as a centre for digital creativity. By providing financial support, skill development, and startup acceleration, Khalifa Fund and Inovartic Investment jointly aim to build an integrated ecosystem that supports the UAE's broader economic aspirations. Together, they strive to elevate Abu Dhabi's position as a leading regional hub for gaming, aligned with global standards, offering transformative opportunities and innovative solutions to entrepreneurs and creatives alike.
Mid East Info
04-06-2025
- Business
- Mid East Info
Khalifa Fund for Enterprise Development signs agreement with Inovartic Investment to support startups in UAE gaming sector
Khalifa Fund for Enterprise Development (KFED) has entered into a strategic agreement with the Inovartic Investment to enhance bilateral cooperation and support startups in the gaming sector in the UAE. At the centre of this agreement is a comprehensive framework designed to support early-stage gaming enterprises by offering incubation services, specialised training programs, and financial support. These initiatives will help developers design, build, and successfully bring to market original gaming content. Additionally, the agreement will deliver capacity-building programs to enhance expertise in areas such as game design and storytelling, in line with international best practices. A significant emphasis will also be placed on developing culturally inspired intellectual property that highlights Emirati heritage through authentic narratives, further supplementing the gaming sector with local content. To further accelerate innovation, the collaboration will focus on streamlining the commercialisation of gaming prototypes, enhancing investor pitch strategies, and improving pathways for successful launch of products in the market. Additionally, the agreement will pave the way for joint events and exhibitions that will showcase local talent and groundbreaking projects, increasing their visibility and impact on a larger scale. Mouza Al Nasri, Acting CEO of Khalifa Fund for Enterprise Development, said: 'This partnership represents a significant milestone in our commitment to supporting and empowering Emirati entrepreneurs within the gaming industry. By cultivating an environment that advocates creativity and innovation, we seek to unlock the capabilities of local talent in this dynamic field. Our collaboration with Inovartic Investment reflects our steadfast dedication to strengthening the knowledge economy and promoting sustainable development across diverse sectors, in alignment with the UAE's long-term national vision.' Saif Al Darmaki, Chairman and Co-Founder of Inovartic Investment, stated: 'This agreement marks a transformative chapter in shaping the UAE's future creative economy. By uniting strategic incubators with the rich legacy of Emirati storytelling, we are empowering a new generation of game developers to craft globally resonant intellectual properties — rooted in Abu Dhabi's vision. Our collaboration with Khalifa Fund underscores a shared ambition: to drive innovation, celebrate local heritage, and position Abu Dhabi as the region's premier hub for gaming industry.' Anwar Hussain, Managing Partner and Co-Founder of Inovartic Investment, said: 'We are honoured to partner with Khalifa Fund in driving transformative growth within the gaming industry. This collaboration goes beyond nurturing startups — it is about building a dynamic ecosystem where creative talent, cultural heritage, and global vision converge. Together, we are empowering Emirati innovators to redefine the gaming landscape, ensuring their influence extends from the UAE to the world stage.' This partnership underscores the shared dedication of both organisations toward nurturing a vibrant entrepreneurial ecosystem in the gaming sector. It marks a strategic move toward driving innovation and sustainable growth in the sector, while cementing the UAE's role as a centre for digital creativity. By providing financial support, skill development, and startup acceleration, Khalifa Fund and Inovartic Investment jointly aim to build an integrated ecosystem that supports the UAE's broader economic aspirations. Together, they strive to elevate Abu Dhabi's position as a leading regional hub for gaming, aligned with global standards, offering transformative opportunities and innovative solutions to entrepreneurs and creatives alike.
