As part of efforts to enhance the national economy and support entrepreneurship, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, praised the results of the Emirati Supplier Program. This program, which aims to empower small and medium-sized Emirati companies, represents a strategic step in promoting innovation and diversifying income sources. In this article, we will review the key achievements of the Emirati Supplier Program and its role in shaping the future of entrepreneurship in the country.
Results of the Emirati Supplier Program
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced the results of the Emirati Supplier Program, reflecting the leadership’s commitment to supporting the local economy. In 2025, the program achieved contracts worth 1.78 billion dirhams for small and medium enterprises, marking a 38% growth compared to 2024. This underscores the leadership’s ambition to make Dubai and the UAE among the most empowering destinations for entrepreneurs globally.
Diversity in Support Strategies
The Emirati Supplier Program is considered one of the national initiatives that deserves effective support and development. This program is integrated with other initiatives, such as the Local Value Added (ICV) program, contributing to achieving the goals of Dubai’s Economic Agenda (D33) and the UAE Centennial 2071 Vision. It aims to build a new generation of Emirati economists who can adapt to global changes.
Expanding Financing and Support
The government committee concerned with sustainable financing aims to study global incentives and implement best practices. This includes the possibility of granting tax incentives to companies that support entrepreneurship, as well as lowering interest rates for emerging national companies. Through this support, we expect Emirati companies to emerge with the potential to reach unicorn status, enhancing the country’s reputation as a global innovation hub.
Enhancing Social Responsibility
The framework for Environmental and Social Governance (ESG) is expected to evolve, contributing to the enhancement of social responsibility standards. The program also aims to support vulnerable groups in society through the ongoing efforts of the sustainable financing team. These governance measures will play a vital role in promoting entrepreneurship and advancing the national economy.
The future of the Emirati Supplier Program holds tremendous potential, and with collaboration between the government and the private sector, ambitious goals can be achieved that lay the foundation for a new era of business in the UAE.