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An economic forum discusses business opportunities with Islamic countries
Economical 05/19/2024
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Research agencies of the 15th International Economic Forum in Russia, Opportunities for small businesses in the countries of the Islamic world.
The press release of the work of the Islamic Forum in Russia stated: “The participants in the 15th International Economic Forum “Russia - the Islamic World: Kazan Forum” discussed the opportunities available for small businesses in the countries of the Islamic world.”
UAE Deputy Minister of Economy Abdullah Ahmed Al Saleh said, “Small and medium enterprises contribute greatly to the development of countries. It is a pillar of most business operations in the United Arab Emirates. It is interesting that about 94% of the total number of companies in the country are small and medium enterprises, and they contribute more than 60% of the GDP, and constitute about 86% of employment
in the private sector. ».
Al Saleh added, “The UAE launches support programs and attracts startups from other countries,” adding, “In the past three years, we have become among the largest global participants that attract entrepreneurs from all over the world, as we provide the best conditions for starting commercial activity.” .
For his part, Director of the Department of Environmental Improvement and Capacity Enhancement for Public-Private Partnership, at the Public-Private Partnership Development Center in the Republic of Azerbaijan, Anar Yusufzadeh, said: “It is interesting that Azerbaijan seeks to support small and medium-sized businesses, and increase its share of oil exports by increasing Agricultural supplies to Russia and the Gulf countries.
Zadeh adds: “Currently, oil and gas supplies constitute more than 90% of Azerbaijan’s total exports.”
He continued: “We have large producers, the scope of their business is very wide, and many of them are export-oriented, and they have obtained some advantages, but we want to develop, not only medium enterprises, but also
small companies.”
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