[stock-market-ticker symbols="AAPL;MSFT;GOOG;HPQ;^SPX;^DJI;LSE:BAG" stockExchange="NYSENasdaq" width="100%" palette="financial-light"]

  • Loading stock data...

March 3, 2024

Khalifa Fund & Al Mushrif Coop unite to support entrepreneurs

Khalifa Fund for Enterprise Development and Al Mushrif Cooperative Society (Al Mushrif Coop) have entered into a groundbreaking partnership aimed at providing support to aspiring entrepreneurs and business owners in the region.

The collaboration offers comprehensive benefits designed to empower businesses and foster economic growth. Entrepreneurs stand to gain substantial advantages through this strategic partnership.

According to the statement, “Businesses can acquire a 25 to 50 percent discount on registration fees, listings, and retail space, making it more affordable for entrepreneurs to establish and showcase their products, as well as enhanced financial stability with the convenience of receiving payments 30 days earlier, ensuring better cash flow management for businesses.”

Further, entrepreneurs can benefit from significant savings, with discounts of 20 to 40 percent on kiosks and 15 to 20 percent on shop rentals, depending on the activities chosen and units available for rent. This will help reduce overhead costs and enable sustainable business growth.

Mr. Khalaf Khalifa Al Mazrouei, Chairman of the Board of Directors of the Mushrif Cooperative Society, stressed the importance of the national and social role of cooperatives and their ability to respond to the economic and social needs of the Emirati community, as it is an essential pillar in maintaining market stability and one of the main engines for supporting the national economy.