(MENAFN- Khaleej Times) The UAE's Ministry of Economy and Canada's MaRS Discovery District of Toronto, Ontario, and Sustainable Development Technology-Canada, or SDTC, signed separate memorandums of understanding, or MoUs, to establish strategic partnerships aimed at fostering innovation and R&D, and accelerating the growth of small and medium enterprises (SMEs), in accordance with the UAE's strategy to build competitive knowledge-based economy.
The agreements will facilitate exchange of information in the SME sector, and encourage the public and the private sectors in the UAE and Canada to explore opportunities of collaboration in the SME sector.
"The Ministry of Economy is keen to facilitate innovation in the SME sector considering that it is the highest job provider in the UAE. In this effort, the ministry has been able to achieve fruitful global partnerships, paving the way for sharing of information and expertise," said Sultan bin Saeed Al Mansouri, Economy Minister.
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