Dr. Abdulaziz Al-Mutairi, Chairman of the Board of Directors for the Gulf Cooperation Council Union of Entrepreneurs, has announced Yemen's accession as an associate member. Yemen, through a number of youth organizations, has been strengthening cooperation with civil society organizations specialized in entrepreneurship and Small and Medium-sized Enterprises (SMEs) and promoting the culture of entrepreneurship among young Gulf businessmen and youth organizations.
Dr. Al-Mutairi said the members' approval Yemen's associate membership came after deliberations during the fifth Union meeting, which was recently held in the city of Abu Dhabi. The GCC UE Board of Directors had received a letter of request for membership from the Yemeni Council of Ministers, which included Ali Talbhandmam. Support by a number of civil society organizations concerned with entrepreneurship and SME development exemplified Yemen's keenness of Yemen to join the Gulf Cooperation Council.
Yemen's becoming as an associate member is widely praised as a positive step toward supporting not only the culture of entrepreneurship in Yemen, but also a show of support of the legitimacy in Yemen and in promoting peace, security, and the economy in Yemen, ensuring a qualitative leap in the economy and the development of the country. Through the promotion of entrepreneurship and self-employment to create jobs in Yemen, will the GCC UE is to transfer knowledge, technology, and training, in addition to rehabilitating the civic organizations that will be in place after the nomination of the Yemeni Prime Minister.
At the meeting, the members also discussed topics related to the business and the adoption and signing of the Fourth Meeting Minutes of the Union of Entrepreneurs of the Gulf Cooperation Council's agenda, held in Riyadh, November 4 2014, in addition to updates on the members' accomplishments toward promoting entrepreneurship and self-employment in the Gulf States. Additionally, the Khalifa Fund in Abu Dhabi gave an overview of the cooperation of financial institutions in the Gulf states towards supporting the entrepreneurial vision.
The Centennial Fund in Riyadh is the official headquarters of the GCC UE, which has a membership of 12 organizations interested in entrepreneurship from across the Gulf, namely: (United Arab Emirates) Khalifa Fund for Enterprise Development and Mohammed bin Rashid for the Development of Small and Medium Enterprises; and (Bahrain) SMES Society, Bahraini Business and Professionals Women Club; (Oman) Fund of Development of Youth Project (Sharakah), the Alraffd Fund and (Kuwait) Kuwait Shiraa Project Management Company, and the Council of Arab Businesswomen; (Saudi) The Centennial Fund and the Centre for Social Initiatives Tasamy; and (Qatar), Qatar Development Bank.
The GCC UE was launched in Riyadh in late 2013, with the support of His Royal Highness Prince Abdul Aziz bin Abdullah bin Abdul Aziz, Deputy Foreign Minister, Chairman of the Board of Trustees of The Centennial Fund, aiming to achieve the aspirations of the GCC leaders to propagate a formula of cooperation among Gulf states. The GCC UE is a civic strategy to support this initiative and to achieve the aspirations of the GCC leaders, with the primary goal of supporting the voice of the Gulf's young entrepreneurs and supplying decision-makers with a network of communication between entrepreneurs and the members of the GCC.
For the news link: