Khalifa Fund Helps Economic Development in RAK

Over twenty-four training courses have been held in RAK by the Khalifa Fund.  In those twenty-four courses 450 UAE women and men have benefitted.  This success is applauded and praised by Ras Al Khaimah’s ruler, Sheikh Saud Bin Saqr, member of the Supreme Council.  This Fund has played an integral part in developing sustainable growth in local businesses.  One chairman of the Khalifa Fund, Hussain Al Nowais has made sure the Fund provides the best funding and training to UAE citizens in order to create a better country.  His contributions to improving the UAE have made him an important leader of the Fund and as a result he has an interesting bio.

The Khalifa Fund was launched in June of 2007 to help create an environment that nurtures and promotes the growth of local enterprises.  The aim behind creating this culture is to foster a new generation of entrepreneurs and instill in them the importance of investment and development of local business in the UAE.  There are six board members of the fund.  The first board member and also chairman of the Fund is Hussain Al Nowais, whose bio includes numerous funding for projects that help support and develop the UAE’s economy.  The other board members are Khalifa Mohamed Al Mazrovei, Mohamed Hilal Al Muhairi, Mohamed Hajm Al Qubaisi, Saeed Majed Al Mansoori and AlYazia Ali Al Kuwaiti.

The UAE’s national policies have also helped give over 12,000 female entrepreneurs the means to contribute to the national economy.  Another big step for helping the UAE become a beacon of economic and social progress in the Middle East.