Al-Qasabi reviews 13 initiatives for SME strategy

Minister of Commerce and Chairman of the Small and Medium Enterprises General Authority "Monsha'at," Majid bin Abdullah Al-Qasabi, has launched a national entrepreneurship and SME strategy aimed at strengthening the entrepreneurship ecosystem in Saudi Arabia. The strategy includes 13 initiatives designed to improve access to financing and markets, develop operational capabilities, enhance the regulatory environment, and increase the contribution of enterprises to the GDP to 35% by 2030. It also aims to create over 500,000 jobs and enhance entrepreneurial skills, aligning with Saudi Vision 2030 efforts to empower the private sector and achieve sustainable economic growth.

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