UAE: The Hamriyah Free Zone (HFZ) has created a dedicated SME Zone to cater to small and medium-sized enterprises (SMEs).
SMEs in Asian countries and Middle Eastern often face obstacles such as unfair competition, complex business regulations, and difficult investment approach systems. However, SMEs form a major part of the industrial base. “The structure of large enterprises will see SMEs as the middle link in strengthening their business,” said HFZ Director General, Dr Rashid Al Leem. “SMEs can be the key to finding joint venture partners that can broaden our technological base, strengthen our research and help us build new markets.” HFZ has formulated explicit policies and have designed special programs to strengthen the SME sector. Officially called Hamriyah SME Zone, its policy includes establishing a monitoring and performance system; encouraging SMEs to develop further; provide accurate information to the small investors; provide access to support services; and encourage linkage to SMEs across the borders. The decision to expand the zone is a strong vote of confidence by the skilled management team and the well-planned facilities that HFZ has to offer.
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