Dubai ruler launches projects to encourage start ups

The Ruler of Dubai on Monday announced the launch of multiple projects geared towards attracting skilled youngsters to the UAE.

Among the initiatives listed are business leadership academies as well as a new platform to support startups.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai,"Today, at the Ministry of Economy, we launched Skill-Up Academy, a business leadership academy; Scale-up Platform, a new platform to support start-ups' growth; and Grow in UAE, a smart platform to provide integrated information on investment policies and opportunities."

Other economic projects include accelerators for family businesses looking to enter new markets as well as an institute for economic research that will be launched in cooperation with prestigious international universities.

A global investment conference, which will focus on the opportunities of the new economy in the UAE, is also in the works and scheduled for March 22.