Abu Dhabi fund to finance 100 SME this year

Abu Dhabi is not just ready to bail Dubai out. Abu Dhabi-based Khalifa Fund, one of the investment firms in the UAE, will continue to inject funding into 100 new projects this year in small and medium enterprises (SMEs) and growth sectors such as manufacturing and tourism in the emirate, according to Emirates Business.

“Despite the financial crisis and business slowdowns in other places in the region and the world, nothing has changed in our five-year strategic plan. We are continuing to inject funding into a 100 new SME projects this year and plan to go on doing so every year over the next five years”, said their Director of Strategy and Planning.