- Khalifa Fund for Enterprise Development Launches a New Financing Package to Support Entrepreneurs and Startups
- The Fund Offers Medium- and Long-Term Loans to Drive Business Growth and Innovation
- Funding Applications Remain Open, Covering Up to 80% with Flexible Terms
The Khalifa Fund for Enterprise Development has announced the continuation of its new financing package under its existing programs to support Emirati entrepreneurs with startups and existing businesses in priority sectors across Abu Dhabi.
The fund continues to accept applications from those seeking medium- and long-term loans to support their ambitious projects and enhance their ability to grow and innovate.
Financing Programs for Startups and Business Expansion
The fund offers a range of financial programs, including:
Startup Financing Program, which provides loans covering 80% of the total establishment costs with flexible terms, a repayment period of up to 84 months, and a grace period of up to 24 months.
Business Expansion Financing Program, aimed at successful small and medium enterprises (SMEs).
The program offers loans covering up to 80% of expansion costs to help entrepreneurs develop and sustain their businesses in the market.
Commitment to Innovation and Entrepreneurship
Mouza Obaid Al Nasri, Acting CEO of Khalifa Fund, emphasized the fund’s commitment to empowering entrepreneurs and fostering a diverse and sustainable economy.
She highlighted that these financial programs align with the fund’s strategy to support SMEs, considering them a crucial element in attracting investments and boosting competitiveness.
Al Nasri stated: “We encourage entrepreneurs to take advantage of the financial and non-financial support we provide and seize the benefits offered by our new financial packages.
We reaffirm our commitment to fostering a culture of innovation and entrepreneurship in line with the Falcon Economy initiatives, which contribute to the transformation towards a smart and circular economy.
These efforts aim to increase the contribution of SMEs to the gross domestic product (GDP), strengthening Abu Dhabi’s position as a leading hub for entrepreneurship and innovation.”
Comprehensive Support to Ensure Business Success
In addition to financing programs, Khalifa Fund provides a variety of support services, including:
- Training and advisory programs to help entrepreneurs develop their skills and manage their businesses efficiently.
- Entrepreneurship training courses, benefiting over 5,658 trainees in 2024.
- Group advisory sessions, attended by 613 participants, aimed at supporting business owners in transforming their ideas into successful ventures.
Driving Economic Growth and Job Creation
These programs serve as a powerful tool to support entrepreneurs, contributing to economic diversification, fostering innovation, and creating new job opportunities, thereby ensuring business sustainability and advancing Abu Dhabi’s economic vision.
