Khalifa Fund awards nearly 30% of $14m funding to women, UAE
Nearly 30 percent of 69 projects awarded AED51m ($14m) funding by the Khalifa Fund for Enterprise Development in the first quarter of 2013 were managed by female entrepreneurs, the fund’s CEO has revealed.
“Females occupied 28.3 percent of the projects financed by the Khalifa Fund, which is considered a good indicator of female engagement in the business sector, enhancing the role of women in the economic development of the UAE,” said HE Abdullah Saeed Al Darmaki, CEO of the fund.
Nearly 30 percent of 69 projects awarded AED51m ($14m) funding by the Khalifa Fund for Enterprise Development in the first quarter of 2013 were managed by female entrepreneurs, the fund’s CEO has revealed.
“Females occupied 28.3 percent of the projects financed by the Khalifa Fund, which is considered a good indicator of female engagement in the business sector, enhancing the role of women in the economic development of the UAE,” said HE Abdullah Saeed Al Darmaki, CEO of the fund.