Mohammed Bin Rashid EST for Young Business Leaders (SME) sign MoU with Al Ahli Group (AAG)

Dubai, July 09th 2008, Mohammed Bin Rashid Establishment for Young Business Leaders (SME) and Al Ahli Group (AAG) signed a Memorandum of Understanding (MoU) earlier this week to support and promote His Highness Sheikh Mohammed Bin Rashid Al Maktoum’s vision for entrepreneurial development.

The MoU was signed by Abdul Baset Al Janahi, CEO and Mohamed Khammas, Al Ahli Group CEO at Dubai Outlet Mall. As stated in the MoU, AAG will aim to provide support to selected entrepreneurs who are starting new businesses in AAG’s Real Estate Developments by giving them the priority to lease suitable premises. This will include competitive terms for Mohammed Bin Rashid Establishment for Young Business Leaders’ concepts. Mohammed Bin Rashid Establishment for Young Business Leaders, on the other hand, will ensure that all Mohammed Bin Rashid Establishment for Young Business Leaders approved concepts meet all the basic criteria and competitive business standards.

Abdul Baset Al Janahi, CEO of Mohammed Bin Rashid Establishment for Young Business Leaders, commented: “The MoU with AAG serves to strengthen the relationship between both parties. It is a result of the ongoing commitment by both Mohammed Bin Rashid Establishment for Young Business Leaders and Al Ahli Group to support young UAE Entrepreneurs and allow them to benefit from the ongoing boom in the Real Estate market.” Supported by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Mohammed Bin Rashid Establishment for Young Business Leaders, strives to encourage and improve the leading businesses and provides a benchmark to help entrepreneurs achieve their ambitions.

Mr. Mohamed Khammas, CEO of Al Ahli Group added “Al Ahli Group is very proud to promote entrepreneurship in the region and to support the development of His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision.”