ENOC
supports young busines leaders
Posted: 1 June 2003
Emirates National Oil Company Ltd (ENOC) LLC is aiming to source
5 per cent of its annual supply needs from the small-to-medium business
sector in line with its support for the Sheikh Mohammed Bin Rashid
Est. For Young Business Leaders.
The Dubai-headquartered energy group says it has already made headway
in reaching its target following the formation of a special steering
committee.
"The committee is made up of key executives representing companies
and
major business units within the group," explained Hussain Sultan,
Group
Chief Executive and Board Member, ENOC. "Its aim is to create
internal
awareness of the objectives of SMEs and to steer the process forward.
"The team has achieved excellent results in a limited time
with a
considerable number of sales awarded to SME registered companies
over
recent months."
Sultan explained that ENOC has put in place plans and internal
processes targeted at reaching its 5 per cent objective.
"These include technology solutions that classify SME registered
companies by nature of business, and immediately notify and invite
them to participate in forthcoming tenders," he said.
ENOC believes its support for the Sheikh Mohammed Bin Rashid Est.
For
Young Business Leaders demonstrates its commitment to assisting
the
national economy and developing a business community for the future.
"This support is now one of ENOCs top priorities," said
Sultan. "We are also currently looking at strategic plans that
will further enhance the relationship between these two Government
of Dubai companies."
The Sheikh Mohammed Bin Rashid Est. For Young Business Leaders
was established last year as the first initiative of the Dubai Development
and Investment Authority (DDIA). Its vision is to nurture the domestic
entrepreneurial spirit of Dubai and help spur the development and
growth of the local SME sector.
"We are looking to enhance entrepreneurial activity among
UAE nationals
through education, promotions and the creation of opportunities,"
said
Saeed Hussain Al Muntafiq, Director General, DDIA. "ENOC is
a sterling
example of education at work and the results it can bring once the
business community at large is made more aware of the role the SME
sector has in any thriving economy."
The Sheikh Mohammed Bin Rashid Est. For Young Business Leaders
offers various incentives and programmes to existing and would-be
entrepreneurs. These include facilitating access to government procurement
activities, facilitating access to capital, promoting entrepreneurship
in Dubai and assisting with access to business services.
Posted by Richard Price,
Editor Pipeline Magazine
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