The Abu Dhabi Youth Business Council (ADYBC) and the Khalifa Fund for Enterprise Development have signed a Memorandum of Understanding (MoU) to strengthen support for entrepreneurs, on the sidelines of the Abu Dhabi Global Entrepreneurship Festival 2026.

The agreement, signed by Mansoor Abduljabbar Al Sayegh, Chairman of ADYBC, and Khalifa Al Kuwaiti, Chief Operations Officer at the Khalifa Fund, aims to enhance collaboration across the entrepreneurship ecosystem. It will improve access to finance, mentorship, capacity building, and market opportunities, supporting startups and SMEs as they scale locally and expand into regional and global markets.

The two entities will also develop joint programs to strengthen entrepreneurial capabilities, foster innovation, and enable sustainable business growth, while promoting knowledge exchange among key stakeholders in Abu Dhabi.

In parallel with the event, the Abu Dhabi Chamber of Commerce and Industry signed an MoU with the Federal Youth Authority to boost youth participation in the business sector and support entrepreneurial ventures.

The agreement, signed by Director-General Ali Mohammed Al Marzouqi and Khalid Mohammed Al Nuaimi, Director of the Federal Youth Authority, establishes a framework for cooperation across training, research, and program development.

It includes initiatives such as joint events, workshops, and practical training opportunities to equip young talent with the skills needed to launch and grow businesses.

The collaboration will also align ADYBC initiatives with national youth programs, expanding opportunities for young entrepreneurs to engage in economic activity and contribute to priority growth sectors.

Both agreements reflect Abu Dhabi’s broader strategy to foster a diversified, innovation-driven economy by strengthening the entrepreneurship ecosystem and enhancing youth participation in business. They also underscore the role of public-private collaboration in supporting SMEs and preparing the next generation of entrepreneurs.