Dubai has awarded more than AED1.29 billion in contracts to Emirati-owned small and medium enterprises (SMEs) in 2024 through the Emirati Supplier Programme, marking a major milestone in its ongoing support for homegrown entrepreneurship.
The initiative, overseen by the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), reflects the government’s commitment to strengthening the SME ecosystem in line with the Dubai Economic Agenda D33, which aims to double the size of the emirate’s economy by 2033.
Government entities led the contribution with AED652.8 million in contracts, followed by AED347.7 million from semi-government organisations and AED94.6 million from the federal sector. The private sector accounted for AED198.9 million, with major players like Union Coop, Carrefour, and Emaar Properties backing the initiative.
Crown Prince of Dubai H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum affirmed that supporting SMEs remains a strategic priority, citing their role in fostering innovation, economic resilience, and job creation. Under the broader leadership of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Dubai continues to expand access to capital, simplify regulations, and position its entrepreneurs for global success.
Since its launch in 2002, the programme has facilitated over AED12 billion in contracts. In 2024 alone, 73 public and private sector entities participated, supporting over 970 registered Emirati businesses across key sectors like professional services, technology, food and beverage, and manufacturing.
Officials say the programme is not only boosting non-oil GDP but also reinforcing Dubai’s reputation as a globally competitive, innovation-driven economy powered by local talent and enterprise.
News Source: Emirates News Agency
