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UAE, Bahrain - Promoting Entrepreneurship Among Arab Youth

Global Arab Network - - John Short

Saturday, 11 July 2009 17:03

The Mohammed bin Rashid Al Maktoum Foundation today announced a high-level delegation met with officials of the Bahrain Development Bank to announce ways for promoting business initiatives and entrepreneurial activities among the youth in the Arab world.
The meeting came as part of the delegation’s two-day visit to Bahrain to formulate a working plan for the implementation of the Memorandum of Understanding (MoU) signed in July 2008.

Led by Adel Al Shared, Vice-Chairman and Managing Director of the Foundation, the delegation members included Sultan Lootah, Vice President - Entrepreneurship and Employment sector, and Jamal Al Shehhi, Director - Culture Development, Culture Sector. Awadh Seghayer Al Ketbi, CEO, Mohammed bin Rashid Centre for Leadership Development, also accompanied the delegation.

The Mohammed bin Rashid Al Maktoum Foundation will cooperate with the Bahrain Development Bank to provide diverse mechanisms including e-programmes and ensure the success of incubation projects. Both organizations will also collaborate to support research and hold workshops on raising awareness on entrepreneurship among the youth in the Arab world.

Adel Al Shared said: “We value the alliances we have successfully established with our partners, regionally and internationally. The visit to Bahrain demonstrates our commitment to provide the Arab youth with key tools to access knowledge resources and develop their skills.”

The agreement between the Bahrain Development Bank and the Foundation complements the organisations’ respective strategies towards enhancing opportunities for the youth and motivating them to participate in strengthening economic capabilities through launching new businesses in the Arab world.

The Mohammed bin Rashid Al Matkoum Foundation’s discussions with Bahrain Development Bank are designed to not only create opportunities for the youth, but help the wider community in general. The discussions are also part of the Foundation’s overall strategy to enter into alliances with regional and international organizations for promoting young entrepreneurs and enhancing their contribution to the overall progress of the region.

About Mohammed Bin Rashid Al Maktoum Foundation

The Mohammed bin Rashid Al Maktoum Foundation was founded on the personal initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, with an endowment worth US$10 billion. The Foundation was announced by His Highness Sheikh Mohammed at the World Economic Forum on the Middle East held at the Dead Sea, Jordan, in May 2007. Through three strategic sectors of Culture, Knowledge and Education, as well as Entrepreneurship and Employment, the Foundation seeks to develop knowledge and human capabilities in the Arab world. The Foundation’s three underlying principles are; Building the region's human capital with a pool of knowledgeable and talented individuals; Offering better opportunities for the region's younger generation to acquire knowledge and secure a better future; and Promoting leadership qualities among the younger generation to enhance their living standards.

Global Arab Network

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Last Updated on Saturday, 11 July 2009 17:22

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