The decision of the Council of Ministers to establish a holding fund called the Fund of Funds with a capital of (four) billion Saudi riyals found great satisfaction and support from various official and private economic bodies, and in this context, the Governor of the General Authority for Small and Medium Enterprises, Dr. Ghassan bin Ahmed Al-Sulaiman, confirmed that the issuance of the decision of the Council of Ministers to establish a holding fund called the Fund of Funds with a capital of (four) billion Saudi riyals, whose purpose is to invest in venture capital funds and private ownership on commercial grounds to support and stimulate investment opportunities for small and medium enterprises, will be the best catalyst and support to develop and support the work of enterprises.

Sulaiman explained that venture capital is one of the basic mechanisms to support the SME sector, considering the establishment of the fund as the best support for the development of venture capital institutions, and an indication of the state's interest in this vital sector and its contribution to achieving the Kingdom's 2030 vision and raising its contribution to GDP from 20% to 35%.

Sulaiman explained that venture capital is one of the basic mechanisms to support the SME sector, considering the establishment of the fund as the best support for the development of venture capital institutions.

His Excellency the Governor of the General Authority for Small and Medium Enterprises stated that this will support entrepreneurship, attract investment in SMEs, increase their contribution to GDP, increase the rate of non-oil exports, create more jobs, and remove the regulatory and procedural obstacles facing them.

Dr. Ghassan Al-Sulaiman stressed that the decision issued by the Council of Ministers provides for the establishment of a professional association concerned with raising the level of professionalism and professionalism in the venture capital sector and private ownership, and would upgrade all the work of these establishments, whether on the technical, technical or professional level to create a generation of distinguished entrepreneurs who contribute with their innovations and economic achievements in building the country.

Dr. Ghassan Al-Sulaiman stressed that the decision issued by the Cabinet provides for the establishment of a professional association concerned with raising the level of professionalism and professionalism.