Khalifa fund is keen to spread freelance culture, encourage innovation and set up SMEs in the UAE to contribute to the social and economic development of the Country. To this end, KFED launches a variety of initiatives and events including over 800 awareness campaigns that cater to university and school students and targeted segments of the society.
Khalifa Fund was established in June 2007 by the virtue of the (Law 14 of 2005), as an independent, Not for Profit Small and Medium Enterprises (SMEs) Socio Economic Development agency of the Government of Abu Dhabi. The purpose of establishing the fund is to help develop local enterprises in Abu Dhabi by instilling and enriching the culture of investment amongst UAE nationals, as well as supporting and developing small to medium-sized investments in the Emirate. Khalifa Fund started with a total capital of AED 300 million, which was gradually increased to AED 2 billion and covering all the UAE.
Khalifa Fund was established in 2007 in Abu Dhabi with branches in Al Ain and Western Region. In 2011, Khalifa
Fund expanded to reach the Northern Emirates with three more branches in Ajman, Ras Al Khaimah and
Khalifa Fund In The Regional and International Arena
2014 onward, Khalifa Fund started expanding its horizon and replicating its model in several regional and international countries to develop SME sector to be the catalyst of economic growth in these countries. The Khalifa Fund for Enterprise Development has begun his efforts aimed at supporting and promoting SME sector in the brotherly Republic of Yemen and the friendly republics of Chechnya, and Belarus. Khalifa Fund CEO is a member of the Advisory Council that guides the Kuwait Fund to set up its operations. Khalifa Fund is represented in the International Network for SMEs (INMSE), Italy as the Vice President for over 3 years.