The General Authority for Small and Medium Enterprises (Monshaat) has announced the disbursement of the refund initiative, which was designed in cooperation with the Local Content Unit “Namaa” within the private sector stimulation plan, through which Monshaat seeks to facilitate the work of new and emerging enterprises in order to enable them to grow and prosper and raise their contribution to the GDP from 20% to 35% to achieve one of the most important goals of Vision 2030.

His Excellency the Governor of the General Authority for Small and Medium Enterprises (Monshaat), Engineer Saleh Al-Rasheed, said <For his part, His Excellency the Governor of the General Authority for Small and Medium Enterprises (Monshaat), Engineer Saleh Al-Rasheed, said: “The refund of government fees for new and emerging companies is based on the terms and conditions outlined in the ”Recover“ initiative portal. Al-Rasheed added, ”The initiative has borne fruit to achieve the goal of empowering and reducing the burdens on small and medium enterprises, which included a number of recovered fees, including: Expatriate labor fees, commercial records, chamber of commerce subscriptions, municipal licenses, Saudi Post subscriptions, and other government fees.“

Rasheed added Al-Rasheed also pointed out that new and emerging enterprises can register in the “Recover” initiative by logging on to the following link:

Rasheed also pointed out that new and emerging enterprises can register in the “Recover” initiative

: https://esterdad.monshaat.gov.sa

It is worth mentioning that the “Redeem” initiative was launched at the beginning of 2018 to support and empower new and emerging enterprises and alleviate the burdens and obligations incurred by them.