Vision 2030 Jan. 2011 | Página 110

SME Focus SMEs in the building supplies sector One of the central tenets of Vision 2030 is the development of the burgeoning private sector. In an economy so dominated by the public sector, as Abu Dhabi, it seems that businesses in general fall into two categories – massive industrial concerns, or very small micro-businesses. This is a concern for the Government and something which they are seeking to address. Initiatives such as the Khalifa Fund are aimed directly at addressing this problem by supporting the entrepreneurial spirit of the Emirate and encouraging the continual development of the private sector. The Khalifa Fund however, supports only UAE nationals in their endeavours to carve a niche for themselves in the business environment of Abu Dhabi. In a place in which 89% of the workforce is foreign, there consequently remains a gap between large and small. The large Indian diaspora in the GCC is an engine of dynamism and growth and there are a great many companies which have attained success with Indian managers at the helm, both part-owning and managing the enterprises. In our focus on SMEs, CEO Financial has identified high potential start-ups that are in a position to capitalise on Abu Dhabi’s economic expansion. Saiyed Ali Trading is one such company. Founded in 2007 by S.M. Ali Abdullah, a former schoolteacher from India, the company is located in the industrial area of Mussafah, on the outskirts of Abu Dhabi City. Specialising in water pumps for large developments, the company has carved a niche for itself in the market. Saiyed Ali Trading Some of Abu Dhabi’s most reputable companies are among the clients of this SME, which has also contributed its products to projects such as Hydra Village, Abu Dhabi and the D ??????????Y???????)Q??????????????????????????????????)????????????????????????????????????????????)???????????????????????????????????????????)?????)Q?????????????????????????????????????)??????????????????????????????????????????A???(???????????????????????????????????????)?????????????????????????M???????Q?????)?????????5????????????????????????????????)??????????????????L?????????????????????????)?????+?q???????????????????????Q??????????)???????????????????????????????????)????????????????????????????????????????)?????????????????????????????????Q???????????)??????????????????????????????????????????????)???????t?)???????????????????????????????????????????)?????????????????????????????????????????)?????????????????????????????????????????)?????????Q????????????????????????????????)??????????????????????????????????????????)?????????????????????????????????????)Q???????????????M5??????????????????????)??????????????????????????????????????)?????????????????????????????????????????)M???????Q???????A