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The award was unveiled during Majra's participation in the Sharjah Entrepreneurship Festival, reflecting the Fund's commitment to promoting innovation, entrepreneurship, and sustainable practices within the SME sector.
The launch of this new award aligns with the UAE's efforts to strengthen the competitiveness of its entrepreneurial ecosystem, particularly through the National Agenda for SMEs and Entrepreneurship, introduced by the Ministry of Economy. The initiative seeks to make the UAE the leading hub for entrepreneurship by 2031.
Sarah Shaw, Manager of "Majra," stated: "The SME Impact Award is not just an honour but a commitment to support these businesses in achieving sustainability and adopting responsible practices. It reflects our dedication to fostering a culture of social responsibility within the entrepreneurial sector, ensuring businesses profit while creating a positive impact on society, the environment, and the economy."