The Khalifa Fund for Enterprise Development provided 149 projects with total funding of Dh53.3 million (US$14.5m) last year, its chairman said.
Hussain Jassim Al Nowais said that in 2012 "the fund's performance came in line with its pre-planned strategic plans", Wam reported yesterday.
"The number of funded projects increased since the launching of Khalifa Fund's services in 2007 to 460 projects with a total amount of Dh758m which was distributed all over the United Arab Emirates, as the benefited projects from the fund's services are distributed in all the emirates", added Mr Al Nowais.
Since inception and up to the end of last year, it has approved Dh300m of funding for 122 projects in the industrial sector; 41 projects in the agriculture sector with a total of Dh41.1m; 207 projects in the services sector with a total of Dh276.7m; and 105 projects in the commercial sector with a total of Dh137.7m.
* Wam
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs: 2017 Porsche 718 Cayman
Price, base / as tested Dh222,500 / Dh296,870
Engine 2.0L, flat four-cylinder
Transmission Seven-speed PDK
Power 300hp @ 6,500rpm
Torque 380hp @ 1,950rpm
Fuel economy, combined 6.9L / 100km
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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