FINANCIAL NEWS

UAE SMEs to boost GDP share to 70 percent

10 Mar 2016

(MENAFN) The UAE is supporting small and medium enterprises with an aim to increase the share of the segment in national economy to 70 percent from 60 percent by 2021.

Accordingly, SMEs which account for 86 percent of the whole workforce in the nation are the main enablers of economic diversification.

In addition, SMEs account for more than 94 percent of the firms operating in the UAE and their whole number is 350,000.

The manufacturing sector also has an 11 percent share for SMEs, and these SMEs contribute to 86 percent of the whole workforce in the UAE and for 60 pct.

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