Dubai, UAE: Mohammed Bin Rashid Establishment for Small and Medium Enterprises (SME), one of the integrated divisions of Department of Economic Development (DED), Dubai is strengthening its partnership with ‘Union Coop’ – the largest consumer cooperative in the UAE by renewing the cooperation agreement. The corporate agreement aims at supporting the presence of Dubai SME’s members in the retail sector by offering necessary facilities to ensure the display of their products in the Union Coop branches across Dubai.
The MoU was signed by H.E. Abdul Baset Al Janahi, CEO of Dubai SME and H.E. Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop, in the presence of a number of officials from both sides.
Expressing his opinion on the vitality of this partnership, H.E. Abdul Baset Al Janahi said: - “We are delighted to renew our partnership with Union Coop, which started in 2015. Union Coop has been one of the most prominent supporters of small and Medium sized national Enterprises, which in-turn has provided numerous benefits to the members of the foundation distributed through several food, non-food and household products. We expect to witness considerable growth in the number of beneficiaries and financial transactions as a result of this partnership.”
H.E. Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop said, “Through the renewal of this partnership, Union Coop looks forward to supporting national institutions, enhance their competitiveness with others in the retail sector and assist them to overcome their challenges. " Union Coop is keen to support national projects in line with corporate social responsibility objectives, in cooperation with Mohammed Bin Rashid Establishment for Small and Medium Enterprises (SME), through provisions of facilities such as competitive services, discounts and priority in contracting with the members of the foundation said Al Falasi prioritizing the aspect of national interest.
The memorandum includes the facilities provided by Union Coop to the members of the foundation, which includes allocation of 10% of the stores in new locations to the members of the foundation in case of the total number of stores being 10 and above. The conglomerate also offers rental relief in the first 3 years in addition to 50 to 100 % support with priority in services and facilities .