The Falcon for Solar Sun Industries L.L.C, which received initial funding support from the Khalifa Fund for Enterprise Development, recently signed a Dh2.5mn attribution agreement with Dubco Construction to facilitate the supply of solar heaters to the housing projects being managed by Sheikh Zayed Housing Programme.
The agreement was signed at Sheikh Zayed Housing Programme office in Dubai, in the presence of Mohamed Al Mansouri, Executive Director for Engineering, Sheikh Zayed Housing Programme, Khalifa Fund delegates, officials, stakeholders, and Dr. Adeeb Afify, Director of the National SMEs Programme.
Under the agreement, the Falcon for Solar Sun will supply solar heaters to 341 Sheikh Zayed Housing Programme’s houses in Al Khawaneej, Dubai and 236 houses under the Mohammed Bin Zayed City project in Ajman. The Falcon for Solar Sun is also included on the list of suppliers for the Zayed Housing Programme’s ‘Waffer’ service, owing to its exceptional products with 10 years warranty developed in line with the needs of the Gulf region.
Abdulla Al Darmaki, CEO of Khalifa Fund for Enterprise Development, congratulated Falcon factory on its collaboration both with the Sheikh Zayed Housing Programme, which began a year ago, and now with Dubco Construction. He emphasised the important role of the latest partnership in driving growth in the SMEs.
“We are proud of all the projects supported by the Khalifa Fund. Exceeding our expectations, these projects complement our efforts to support local entrepreneurs and instil a culture of innovation in our young people. The main objectives of Khalifa Fund revolve around the success of local SMEs and help increase their share in the country’s greater economic growth and development," said Al Darmaki.
Dr. Afify explained that the National SMEs Programme supports Emirati entrepreneurs by attracting investments and encouraging SME owners to engage in leading and innovative projects relevant to society.