MoU has been signed by Khalifa Fund and ADNOC

A Memorandum of Understanding (MoU) has been signed between the Khalifa Fund for Enterprise Development (KFED) and the Abu Dhabi National Oil Company (ADNOC) to foster entrepreneurship through cooperation. The initiative comes in line with the broader vision to create a generation of entrepreneurs in the country.

The details involve Khalifa Fund providing a range of training programmes and workshops geared towards entrepreneurship for ADNOC employees as well as retirees, who are looking to up-skill and gain knowledge in the SME sector. It will also give them an opportunity to become members of the Fund.

ADNOC, on the other hand, will share technical expertise for evaluating business plans in the oil and gas sector for the Fund’s applicants. In addition, it will also showcase “Sougha” products during its official events and activities.

“This agreement is in line with Khalifa Fund’s endeavors to establish cooperation and exchange experiences with various governmental, semi-governmental and private entities within the UAE. The MoU with ADNOC today further upholds these efforts, demonstrating the interest of both parties to explore cooperation opportunities in the field of entrepreneurship and how to promote SMEs,” said Mouza Al Nasri, Acting Chief Executive Officer at the Khalifa Fund.

Read more about the MoU signed between the Khalifa Fund and ADNOC here.