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RUWAD Funding for Citizens Projects Reaches AED44 Million

Sharjah: Fatima Hassan Al Ali, Director of the Sharjah Foundation to Support Pioneering Entrepreneurs (RUWAD), revealed that since its establishment in 2005, the Foundation has funded numerous citizens' projects with a total value of approximately AED44 million. This funding highlights the Foundation's vital role in enhancing the business environment of the emirate.

According to Emirates News Agency, over 10,000 male and female entrepreneurs have been trained, and the number of active members in the Foundation's membership programme has exceeded 1,500, offering an integrated support network for entrepreneurs. This announcement was made on the sidelines of the 'The Emirates: The Startup Capital of the World' campaign.

Fatima Hassan Al Ali affirmed that the Foundation continues to empower entrepreneurs and support national projects, achieving remarkable results in financing, training, and consulting programmes aimed at enhancing Sharjah's business environment. The financing programme has supported a large number of citizens' projects, underscoring the Foundation's significant contribution to Sharjah's business climate.

Al Ali noted that the Foundation has delivered over 1,000 specialised consultations, covering legal, technical, and administrative matters. It also organises various training programmes, including short courses and specialised qualifications such as professional diplomas in entrepreneurship.

Al Ali confirmed that all performance indicators for 2024 have surpassed targets. She expressed the Foundation's ambition, through the "Entrepreneur Capital of the World" campaign, to double these achievements, emphasising the campaign's role in offering increased support and facilitation for entrepreneurs.

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