Latest news with #EGF
Sharjah 24
10 hours ago
- Business
- Sharjah 24
MOCCAE, EGF partner to boost UAE AgriTech SMEs
MoU signed at Emirates Agriculture Exhibition 2025 The agreement was formalized during the Emirates Agriculture Exhibition and Conference 2025 in Al Ain, attended by Dr Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, and Najla Al Midfa, Vice Chair and Managing Director of EGF. Strategic partnership to empower SMEs in food security and AgriTech The collaboration unites two key national entities to support SMEs working in food and water security, agricultural innovation, local production, environmental technologies, and climate-aligned business models. Shared vision for a sustainable and resilient economy MOCCAE and EGF aim to unlock opportunities for UAE businesses to lead in creating a more self-sufficient, sustainable, and resilient economy — addressing food supply security and advancing environmental innovation. Framework for knowledge exchange and promotion The MoU establishes a platform for sharing expertise, promoting eligible companies, and showcasing success stories aligned with the UAE's climate and food security goals. Minister Dr Amna's statement on partnership goals Dr. Amna bint Abdullah Al Dahak emphasized the importance of this partnership in achieving the National Food Security Strategy 2051 and UAE Vision 2031. She highlighted the private sector's role in driving environmental resilience and future readiness. EGF's commitment to long-term support for innovators Najla Al Midfa expressed EGF's dedication to supporting businesses that address national challenges through innovation and scale, providing not just capital but strategic guidance, governance, and network access. About Emirates growth fund With AED 1 billion in capital, EGF invests in UAE-based growth-stage companies in strategically important sectors, offering long-term partnerships designed to help businesses scale sustainably.
Hi Dubai
21 hours ago
- Business
- Hi Dubai
MoCCAE Partners with Emirates Growth Fund to Boost Food and Environmental Resilience
The UAE's Ministry of Climate Change and Environment (MOCCAE) has signed a strategic agreement with the Emirates Growth Fund (EGF) to support the growth of local companies driving innovation in food security, agriculture, and environmental resilience. The Memorandum of Understanding was signed during the Emirates Agriculture Exhibition and Conference 2025 in Al Ain, in the presence of Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, and Najla Al Midfa, Vice Chair and Managing Director of EGF. The partnership aims to accelerate the development of UAE-based small and medium enterprises working across food and water security, agricultural technology, local production, and climate-aligned business models. 'This partnership paves the way for achieving our shared environmental objectives aligned with the National Food Security Strategy 2051 and We the UAE Vision 2031,' said Dr. Al Dahak, highlighting the critical role of the private sector in advancing national sustainability goals. Under the agreement, MOCCAE and EGF will exchange expertise, promote high-potential companies, and showcase innovative ventures contributing to the UAE's long-term climate and food security targets. EGF, established with AED1 billion in capital, invests in growth-stage companies tackling national challenges. Najla Al Midfa noted that the Fund offers more than capital, acting as a long-term partner to founders through strategic support, governance, and access to networks. 'By focusing on agri-tech and environmental innovation, we are investing in the building blocks of national resilience and self-sufficiency,' she said. The collaboration underscores the UAE's commitment to a sustainable, future-ready economy driven by innovation and strong public-private partnerships. News Source: Emirates News Agency
Al Etihad
a day ago
- Business
- Al Etihad
MOCCAE, Emirates Growth Fund to power UAE SMEs driving food security, AgriTech
1 June 2025 19:41 AL AIN (WAM)The Ministry of Climate Change and Environment (MOCCAE) has signed a Memorandum of Understanding (MoU) with Emirates Growth Fund (EGF) to catalyse the growth of UAE-based companies shaping the future of food, agriculture, and environmental agreement was signed during the Emirates Agriculture Exhibition and Conference 2025 in Al Ain in the presence of the Minister of Climate Change and Environment, Dr. Amna bint Abdullah Al Dahak, and the Vice Chair and Managing Director of EGF, Najla Al strategic partnership brings together two national entities committed to supporting SMEs operating in the areas of food and water security, agricultural innovation and local production, environmental technologies, and climate-aligned business MOCCAE and EGF aim to unlock new opportunities for UAE-based businesses to lead in building a more self-sufficient, sustainable, and resilient national securing the country's food supply to advancing environmental innovation, the collaboration reflects a shared vision of empowering the private sector to drive lasting MoU provides a framework for exchanging knowledge, co-promoting eligible companies, and showcasing success stories that align with the UAE's long-term climate and food security Al Dahak commented, "This partnership paves the way for achieving our shared environmental objectives aligned with the goals of the National Food Security Strategy 2051, and We the UAE Vision 2031. The private sector is a key component of our drive towards environmental resilience and food security.""By empowering SMEs working in food supply chain and environmental innovation we are laying a strong foundation for greater national self-reliance and a future-ready economy. The Ministry of Climate Change and Environment is dedicated to fostering holistic climate action across all sectors, ensuring future readiness and the ability to adapt to evolving global challenges."Al Midfa added, "EGF exists to support businesses solving national challenges through innovation and scale. Through this collaboration, we are not only providing patient capital but acting as long-term partners to founders. Our value creation approach brings strategic guidance, governance support, and access to networks. By focusing on agri tech and environmental innovation, we are investing in the building blocks of national resilience and self-sufficiency."Established with Dh1 billion in capital, the Emirates Growth Fund invests in UAE-based growth-stage companies operating in sectors of strategic importance to the nation. The Fund offers more than capital, providing long-term partnership to help scale businesses built to last.
Al Etihad
21-05-2025
- Business
- Al Etihad
Emirates Growth Fund announces first investment in Tarmeem Healthcare Holding
21 May 2025 19:25 ABU DHABI (WAM)Emirates Growth Fund (EGF), the UAE's dedicated growth equity platform for scaling national SMEs backed by Emirates Development Bank (EDB), has announced its inaugural investment with a strategic minority stake in Tarmeem Healthcare Holding LTD, a rapidly growing healthcare provider transforming patient mobility and quality of announcement was made at Make it in the Emirates 2025, and aligns with the UAE's industrial strategy to accelerate the growth of national priority investment marks a strategic milestone for EGF, which was launched to back founder-led SMEs in sectors vital to the UAE's economic future, including Healthcare, Manufacturing, Food Security, Sustainability, and Advanced Healthcare Holding, headquartered in Abu Dhabi, owns Tarmeem Orthopedic and Spine Specialty Hospital LLC, in addition to Tarmeem Medical Centre LLC in Khalifa City A and Al Healthcare Holding entities currently serve more than 20,000 patients annually, and are on track to double its footprint over the next 18 integrated model provides diagnosis, management, and treatment for musculoskeletal conditions and injuries while offering premium, patient-centric services delivered by top-tier orthopaedic experts and cutting-edge on the transaction, Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of the Emirates Growth Fund, said, "This investment in Tarmeem Healthcare exemplifies the Emirates Growth Fund's mission to close the growth equity gap for UAE-based SMEs. Tarmeem represents the 'missing middle' often overlooked by traditional investors. It's not a startup but also not served by traditional SME funding platforms. Yet, they have great growth potential and by supporting companies with strong fundamentals and national relevance, we are advancing the UAE's long-term industrial and economic goals."Najla Al Midfa, Vice Chair & Managing Director of Emirates Growth Fund, commented, "We're proud to back Tarmeem as our first investment. They represent the next generation of UAE businesses. They are mission-driven and deeply attuned to the country's evolving needs. As the UAE invests in healthcare sovereignty and resilience, Tarmeem is well-positioned to lead and set new standards of excellence in specialized healthcare."Founded in 2019 by Dr. Ali Al Suwaidi, a fellowship-trained orthopaedic surgeon with more than two decades of international experience, Tarmeem was established to meet the growing regional demand for high-quality, specialised orthopedic and physiotherapy Al Suwaidi's leadership, shaped by prominent roles across major UAE healthcare institutions, anchors Tarmeem's clinical capital investment from EGF will accelerate Tarmeem's strategic expansion, increasing operational capacity and enabling the development for Tarmeem Orthopedic and Spine Specialty Hospital as well as the two state-of-the-art Medical Centres in Khalifa City A and Al hospital and the two new facilities aim to broaden access to expert musculoskeletal care while reinforcing Tarmeem's commitment to innovation and patient-centred Ali Suwaidi, Founder and CEO of Tarmeem, added, "This partnership with Emirates Growth Fund is about more than just capital. It's about purposeful growth. Their deep understanding of building enduring institutions, combined with strategic insight, provides us with a powerful platform to expand our reach and elevate the standard of orthopedic care across the UAE and beyond. Together, we're not just growing, we're shaping the future of specialised healthcare."As part of the investment, EGF will provide Tarmeem with strategic guidance in governance, growth strategy, and long-term institutionalisation, supporting the company's ambition to become a national leader in specialised healthcare UAE has made healthcare localisation a national priority, investing heavily in specialist services under Vision 2031. While significant progress has been made, opportunities remain to strengthen access to premium orthopaedic and physiotherapy care across the country. Tarmeem is directly addressing this gap, aligning with national efforts to build a resilient, world-class healthcare ecosystem.
Zawya
20-05-2025
- Business
- Zawya
MoIAT and Emirates Growth Fund sign strategic MoU to accelerate UAE's industrial growth
Abu Dhabi - The Ministry of Industry and Advanced Technology (MoIAT) and the Emirates Growth Fund (EGF) signed a strategic Memorandum of Understanding (MoU) today at Make it in the Emirates 2025 that reinforces their shared commitment to accelerating industrial growth in the UAE. The agreement aims to align growth capital with national industrial priorities by supporting promising growth-stage SMEs in UAE priority economic development sectors, including manufacturing, food security, healthcare, and advanced technology. The partnership aligns the objectives of Operation 300bn, MoIAT's national strategy to raise the industrial sector's contribution to AED 300 billion by 2031, with the potential impact for UAE-based SME represented byEGF, the nation's flagship AED 1 billion growth equity platform backed by Emirates Development Bank (EDB). The MoU establishes a framework for strategic collaboration across key areas, including joint development of a pipeline of SMEs seeking growth equity, coordinating on marketing and public communication initiatives to identify opportunities to build national champions, as well as aligning on key policy initiatives that can enable SMEs to have better access to private capital markets. The MoU was signed at Make it in the Emirates 2025 by H.E. Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and H.E. Najla Al Midfa, Vice Chair & Managing Director of the Emirates Growth Fund, and was witnessed by H.E. Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of the Emirates Growth Fund . H.E. Omar Al Suwaidi said: 'This MoU lays the foundation for deeper collaboration to unlock value across priority sectors and support the UAE's economic transformation. EGF is a key partner in realizing our national industrialization vision.' H.E. Najla Al Midfa said: 'This partnership reflects a national ambition to build a stronger industrial future led by homegrown champions. EGF exists to back these businesses with more than capital: we offer partnership, guidance, and long-term belief in their potential.' EGF was launched at Make it in the Emirates 2025 where fund leaders will also announce its first investment in the healthcare sector. EGF aims to help bridge a AED7 billion funding gap for UAE-based SMEs that have moved beyond early-stage funding but require long-term, flexible capital to scale. EGF supports national champions in priority sectors and works in line with the objectives of Operation 300bn. -Ends- About the Ministry of Industry and Advanced Technology (MoIAT) About the Ministry of Industry and Advanced Technology (MoIAT): The UAE Ministry of Industry and Advanced Technology (MoIAT) was established in July 2020 to drive the country's industrial development and promote the adoption of advanced technologies across priority sectors. MoIAT leads the implementation of Operation 300bn, the UAE's national industrial strategy, which aims to increase the industrial sector's contribution to GDP to AED 300 billion by 2031. Through enabling policies, strategic partnerships, and innovation-led programs, the Ministry plays a central role in supporting economic diversification, enhancing national resilience, and fostering sustainable industrial growth. About Emirates Growth Fund Emirates Growth Fund (EGF) is a dedicated AED 1 billion growth equity fund established to accelerate the scale and impact of UAE-based small and medium enterprises (SMEs) operating in critical sectors. Backed by Emirates Development Bank (EDB), EGF provides flexible, patient capital and active strategic support to help high-potential businesses grow sustainably, innovate with purpose, and contribute to the UAE's long-term economic resilience and diversification. EGF focuses exclusively on UAE-headquartered SMEs in priority sectors, including manufacturing, food security, healthcare, and advanced technology. For more details, visit [ For more information, please contact: Hind Ahli / Meera Alrahma Emirates Development Bank /
