The Ministry of Human Resources and Emiratization today signed a memorandum of understanding with the Saud bin Rashid Al Mualla Program to sponsor the youth projects in Umm Al Quwain to grant projects affiliated with the program incentives and privileges related to exemption from bank guarantee for employees.
The memorandum was signed at the headquarters of Umm Al Quwain Chamber of Commerce and Industry in the presence of His Excellency Humaid Rashid Al Shamsi, Secretary General of the Executive Council in Umm Al Quwain, and Mohammed Abdullah Al Mahdi, Director of Ministry of Human Resources and Emiratization Office in Umm Al Quwain and Abdullah Khamis Al Suwaidi, the program\’s chief executive officer.
The MoU was aimed at facilitating and encouraging the process of developing the business, motivating citizen initiatives and implementing the strategy of the Ministry of Human Resources and Emiratization in cooperation and supporting the federal and local agencies and programs through exemption from providing bank guarantee for workers in projects affiliated with the program according to the regulations set in this regard.
Abdullah al-Suwaidi said that the memorandum will provide support for youth projects by exempting them from providing bank guarantee and in accordance with the conditions and controls decided by the ministry