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الاقتصادية
Saudi Arabia Launches 5 Billion Riyal SME Fund
Saudi Arabia has focused on strengthening the small and medium enterprises (SMEs) sector by launching a funding portfolio worth up to 5 billion Saudi Riyals, aimed at providing innovative financing solutions and products to support entrepreneurship and achieve the goals of Vision 2030. Additionally, the Cabinet approved a national strategy to empower this sector, targeting an increase in its contribution to the Gross Domestic Product (GDP) to 35%, creating more than 500,000 jobs, with an emphasis on developing an integrated entrepreneurial ecosystem and supporting sectors such as industry, environment, and tourism. Artificial intelligence has been utilized to enable SMEs to access financing valued at up to 10 billion Riyals, thereby fostering growth and creating new investment opportunities.
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