Nasser Al-Hamli reviews the 50 projects package before the Arab Labor Conference

At the Arab Labor Conference 47th session, H.E. Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation previewed the package of 50 projects aimed at consolidating the country's position as one of the strongest economies in the world. He pointed to the development of the residency system that will grant new privileges to investors, entrepreneurs, and the self-employed, providing the country's economy with human skills to transition to the digital economy, and providing financial support packages worth 5 billion dirhams to the country's industrial sector to boost the transformation process towards Fourth Industrial Revolution.

This came during his participation as the head of the state delegation in the 47th session of the Arab Labor Conference, which is being held in Cairo from 5 to 12 September.

His Excellency stressed that the issues of entrepreneurship and empowering small projects are at the core of the UAE government's attention, which is reflected in the economic policies and strategies aimed at creating an inclusive, supportive and attractive environment for entrepreneurs and owners of small and medium enterprises, particularly by improving the ease of doing business and supporting opportunities and sources to get financing, increasing demand rates, promoting innovation and digital transformation.

He explained that the UAE has made huge investments in the development of information infrastructure, which has led it to rank first regionally and fourth globally in the International Index of Entrepreneurship after the sector made a qualitative leap in its performance and recorded a remarkable increase in the number of companies and average total funding for startups.

He said the leadership's vision of women's role in efforts to build a more sustainable future is the biggest supporter in empowering women, referring to the new support packages for women entrepreneurs who have shown their ability to excel and succeed in entrepreneurship by recording an increase of over 30% in terms of women's participation in the small and medium enterprise sector.

The state delegation includes Nasser bin Kharbash, Under-Secretary of the Ministry of Human Resources and Emiratisation for Emiratisation Affairs, Maher Al-Obed, Assistant Under-Secretary for Inspection Affairs, Abdullah Al-Nuaimi, Assistant Under-Secretary for Communication and International Relations, and a number of stakeholders in the ministry. The delegation also includes a team of business owners headed by Khalifa Khamis Matar Al Kaabi, member of the Board of Directors of the International Labor Organization, and a team of workers headed by Dr. Muhammad Butti Thani Al Shamsi, Chairman of the Board of Directors of the Association for Coordination of Professional Societies.

The conference will discuss the Director-General report of Arab Labor Organization, Fayez Al-Mutairi, titled "Entrepreneurship and Small Enterprises - The Path to Sustainable Development and Empowerment," as well as a detailed report that includes the organization's activities and achievements in 2019-2020. It also discusses the impact of technological development on the work environment and the difficulties faced by Arab countries in digital transformation, especially after the COVID-19 crisis, which led to the acceleration and expansion of the use of digital technologies and the resort to regulating working methods in alternative ways to ensure the continuity of business operations, as well as the requirements of the green economy to create employment opportunities.