With the staggering statistic that 70 per cent of companies in the emirate expect to go out of business in the next six months, according to a survey by Dubai's Chamber of Commerce, Dubai members' club and creative community is stepping in with the Nasab Recovery Programme.
Founder and CEO of KOA, Mohammed bin Zaal has always maintained, "Our main aim throughout the development of Nasab has been to provide a space where creatives, entrepreneurs and like-minded individuals have a place to set up homes-away-from-home."
However, in times of economic crisis, where many local business have had to forgo their premises, Nasab has realised the pivotal role it can play at this time. "We believe homegrown businesses are essential to the economic and cultural fabric of the UAE, and will provide up to 30 eligible businesses complimentary offices or workspaces for six months giving them access to a like-minded community and the financial space to reconnect, recover and thrive."
This opportunity is being offered to citizens and residents of the UAE only. In order to apply, you need to be a homegrown independent or freelance and small enterprises with a track record of innovation. The offer is open to companies that started business prior to 2019 with one to 16 employees, with a Founder above the age of 21.
You will ask to present the size of the loss your business incurred as a result of cancellation of contracts or work between March - June 2020, the total amount of financial setback for your company as a result of COVID-19, your track record for quality and value, and a sustainability plan for the future.
Applications close on 15 July. Find out more at nasabdubai.com/recovery. Good luck!