Dubai’s status as an emerging market makes it an ideal place for entrepreneurship. With the constant influx of new residents from every corner of the world, new markets are constantly opening. The Dubai government strongly supports entrepreneurs through the Mohammed Bin Rashid Establishment for Young Business Leaders, the Mohammed Bin Rashid Awards for Young Leaders and the Mohammed bin Rashid Al Maktoum Foundation. These organizations seek to motivate young Arab leaders to become integral parts of the region’s economy. Government support for young Emirati entrepreneurs is exceptionally generous and there are several grants available for those with a strong business plan. In addition, Dubai Government provides excellent support for Emirati entrepreneurs through the Government Procurement Program, which mandates that all government departments dedicate at least 5% of their annual procurement activities through companies registered with Mohammed Bin Rashid Establishment for Young Business Leaders. Mohammed Bin Rashid Establishment for Young Business LeadersAlso known as Dubai SME, the establishment’s key activities focus on the creation of new businesses by offering a platform for ideas and financial support, to inspire entrepreneurial spirit among UAE nationals, raise awareness of business opportunities and support enterprises run by UAE nationals. The Establishment has set up a dedicated AED 700 million UAE fund based on Islamic banking principles, to provide capital at preferential terms for new entrepreneurs and existing small and medium business owners.