Al-Qasabi: 13 Initiatives in SME Strategy
The Kingdom of Saudi Arabia has launched a national strategy for entrepreneurship and small and medium-sized enterprises (SMEs) with the aim of boosting sector growth and enabling it to contribute up to 35% of the gross domestic product by 2030. The strategy includes 13 initiatives focused on improving access to finance and markets for businesses, developing a regulatory and incentive environment, and enhancing operational capabilities, with the goal of creating more than 500,000 direct and indirect jobs. This strategy is part of Saudi Vision 2030's efforts to empower the private sector and achieve sustainable economic development, with an emphasis on innovation and supporting the transition to new markets both locally and globally.
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