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60  Female students from the Higher Colleges of Technology participate in a workshop on how to establish small and medium enterprises

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60  Female students from the Higher Colleges of Technology participate in a workshop on how to establish small and medium enterprises

Wednesday, April 13, 2011
The Department of Economic Development in Abu Dhabi, organized a workshops for the students of the Higher Colleges of Technology, the first in a series of workshops on how to establish small and medium enterprises as part of the outreach program conducted by the Studies Directorate of the Department of Economic Development, targeting citizen students, especially graduates prior to entering labor market.His Excellency Rashid Ali Al Zaabi, Acting Executive Director of Planning and Statistics sector of the Department of Economic Development,  said that the  workshops program concerning the establishment of small and medium enterprises, comes within the framework recommended by the Studies Directorate recently, which emphasized the importance of the  Emiratizaion of small and medium enterprises in Abu Dhabi and activating the role of the private sector, through spreading and deepening the trend to self-employment, to  open the way for young people in the Emirate of Abu Dhabi to take the initiative and establish their  own projects to boost economic development.Rashid Al Zaabi also said that the economic and social realities of small and medium enterprises in the Emirate of Abu Dhabi indicate, according to the results of recent studies, that there is an area for further development and initiatives to promote this important sector in light of the government supporting policies and drive towards modernization of legislation and laws for this sector.Al Zaabi pointed out that the small and medium enterprises sector in the Emirate of Abu Dhabi enjoys a high status within the priorities of the government, as well as the anticipated great role of the sector in achieving a number of economic and social objectives specified by Abu Dhabi Economic Vision 2030. Rashid Zaabi that stated that the program of this workshop, which is designed  for  students, as a first stage, focuses on directing prospective businessmen towards  getting more informed about these projects, and to pay attention to the importance of feasibility studies and evaluation of projects. This will make it easier for citizens, especially those within the low and middle-income groups to find options in projects which suit them, in addition to helping small investors to find the best sources of funding, which assists the household sector to establish income-generating projects for families and unemployed individuals. The workshops program first  started with a workshop for  HCT students on  how to  establish small and medium-sized projects;  as  recently  more than 60  HCT Female students  attended the workshop organized for them in Khalifa City , where the turnout was great and  students were more responsive.Workshops activities are scheduled also for Al Ain HCT students, where the Department of Economic Development will organize another workshop for 30 students on April 13 and 14. Khaled Mubarak bani Zama, from “Support and Economic Development Section”  of  the Studies Directorate  of  the Department of Economic the Development,  who presented and managed the workshop program for the HCT students, said that the workshop witnessed a large attendance of female students, who were educated on how to  select and establish their small enterprises, by applying scientific methodology to ensure  best  choice and following studied steps that would  help to achieve projects success.Bani Zama, mentioned that this program for students comes within the efforts of the Department to widen   the participation of women and their role in these institutions. The program also highlights the package of incentives and facilities offered by the government through specialized channels such as the Khalifa Fund to develop projects, funding institutions, government and other related agencies.Mr. Khalid bani Zama focused on informing the workshop participants that their prospective businesses should help in meeting the needs of the community, development of skills and transferring knowledge and information. Most important is to identify goals and explore alternatives opportunities.Bani Zama emphasized the need to explore the current situation, identify problems and opportunities according to the nature of the project, and to study possibilities of funding and the necessary guarantees required to provide funding. He said that it is essential to development a general perception of the project, based on feasibility studies covering all aspects of the project, taking into consideration the size of the market, the type of activity to be implemented, general structure of competition and consumption indicators and the laws and regulations governing the provision of such services.Khalid bani Zama, also highlighted in his presentation that it is important for prospective investors in small and medium enterprises, to establish and set specification for their products, together with price, lists, dealers, customers and marketing staff. It is also essential for them to identify their points of strength, and the way they perceive themselves in their targeted markets.
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