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National Strategy Launches 13 Initiatives
The General Authority for Small and Medium Enterprises, "Monsha'at," has launched 13 initiatives as part of its National Entrepreneurship Strategy, aimed at enhancing the growth and competitiveness of small and medium-sized enterprises. These initiatives include expanding market access, improving financing options, supporting the business environment, fostering innovation, and increasing international presence. They also focus on improving sector data, streamlining financing procedures, and encouraging greater participation of SMEs in government procurement. The strategy aims to increase the contribution of small and medium enterprises to the national GDP to 35%, create over 500,000 jobs, and align with Saudi Vision 2030 to strengthen the national economy and establish a sustainable entrepreneurial environment.
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