H.E. Sultan Al Mansoori: the decision reinforces the path toward making the UAE among the 10 most innovative countries Dr. Obaid Al Zaabi: it boosts the investment environment and development of incumbents to fund the SMEs

The UAE government announced issuance of a regulation of the venture capital fund as part of the activities and projects of the first batch of the government accelerators issued by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of the Emirate of Dubai, to accelerate efforts to achieve targets of the UAE National Agenda.

Signing of the venture capital fund regulation was witnessed by H.E. Ohood Bint Khalfan Al Roumi, Minister of State for Happiness, General Manager of the Cabinet office, and H.E. Dr. Obaid Al Zaabi, Acting CEO of the SCA, in the presence of H.E. Abdullah Sultan Alfan Al Shamsi, Assistant Undersecretary for Industrial Affairs at the Ministry of Economy, and Huda Al Hashemi, Assistant to the Director-General for Strategy and Innovation, Cabinet office at the Ministry of Cabinet Affairs & The Future.