The Ministry of Economy in the UAE has signed with the Italian “Intesa San Paolo S.A.” group a memorandum of understanding with the aim of developing aspects of joint cooperation in the fields of circular economy, innovation and small and medium enterprises.
With the “Intesa Sanpaolo S.A.” group, it aims to open the way for citizen entrepreneurs and innovative startups to benefit from practical benefits from technological laboratories, industrial technologies and scientific and commercial consulting at the Italian group’s innovation centers in Turin and Milan, Italy. The memorandum also includes providing direct financial financing to small, medium and emerging companies for citizens that adopt the three principles of circular and technological economy, along with a number of specialized training programs to raise the efficiency of citizen entrepreneurs in this vital field and to serve the economic and development trends of the country.