UAE cabinet approves crowdfunding by public, private sectors

Monday, 21 March 2022 at 17:42

By ARN News Staff

The UAE cabinet has authorised the use of crowdfunding by public and private sectors to finance innovative business ideas.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai announced the move while chairing the last cabinet meeting at Expo 2020 Dubai on Monday.

"Crowdfunding is one of the best tools to support the financing of innovative business ideas... and it will open a door for young people and entrepreneurs," Sheikh Mohammed said on Twitter.

The cabinet also approved a strategy aimed at enhancing the presence of women in leadership positions, in addition to a new law for cooperative societies in the country.

كما اعتمدنا في مجلس الوزراء اليوم إجازة ممارسة نشاط التمويل الجماعي Crowd funding وبأن يكون له مشغلين من القطاع الحكومي والخاص .. التمويل الجماعي من أفضل الوسائل لدعم تمويل الأفكار الابتكارية التجارية الجديدة .. وسيفتح باباً للشباب ورواد الأعمال في تمويل أفكارهم .. pic.twitter.com/7PEfmozn0z
— HH Sheikh Mohammed (@HHShkMohd) March 21, 2022

أقررنا في مجلس الوزراء قانوناً جديداً للجمعيات التعاونية في الدولة يجيز إدراجها في أسواقنا المالية ويتيح لها استقطاب شركاء استراتيجيين ويستحدث أنواعاً جديدة لها مثل التعاونيات الرقمية والمالية والمهنية وغيرها. التعاونيات نموذج اقتصادي ناجح يمكن البناء عليه وتطويره لآفاق جديدة pic.twitter.com/1VJxLSKfb7
— HH Sheikh Mohammed (@HHShkMohd) March 21, 2022

ترأست اليوم الاجتماع الأخير لمجلس الوزراء في إكسبو دبي ٢٠٢٠ … اجتماعات المجلس عبر ٦ أشهر في المعرض الثقافي الأكبر عالمياً عكست رؤية حكومة الإمارات في دعم الحدث وترسيخ حضوره محلياً وعالمياً وحشد كافة الطاقات لدعم نجاحه الاستثنائي.. pic.twitter.com/Xqi17dSxTw
— HH Sheikh Mohammed (@HHShkMohd) March 21, 2022

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UAE cabinet approves crowdfunding by public, private sectors

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