The Ministry of Industry and Mineral Resources announced the launch of an investment opportunities initiative in supply chains for small and medium enterprises, during its participation in the 23rd Bipan Forum, organized by the General Authority for Small and Medium Enterprises ”Monshaat“ at Riyadh Front for Exhibitions and Conferences in the capital Riyadh.
Spokesperson of the Ministry of Industry and Mineral Resources Jarrah bin Mohammed Al-Jarrah said that the initiative aims to study and analyze 10,000 local and imported products, and identify the criteria for identifying opportunities in value chains. The official spokesperson of the Ministry of Industry and Mineral Resources, Jarrah bin Mohammed Al-Jarrah, explained that the initiative aims to study and analyze 10,000 locally manufactured and imported products, identify criteria for identifying opportunities in the associated value chains, and build 100 detailed investment opportunities covering several sectors that support the national strategy for industry and target small and medium factories in the Kingdom, adding that the initiative also aims to localize local supply chains and provide more than 600 investment opportunities for entrepreneurs, with a total expected investment volume of 4 billion riyals.
The initiative also aims to localize local supply chains and provide more than 600 investment opportunities for entrepreneurs, with a total expected investment volume of 4 billion riyals. <Al-Jarrah explained that the initiative aims to develop mechanisms to study local supply chains, contribute to raising the growth rate of industry and local content, solve the challenges facing SMEs in supply chains by providing the necessary support and enabling SMEs to enter supply chains, enabling manufacturers to expand their industry through integration in the supply chain, and enhance accessibility to SMEs in line with the goal of increasing investment opportunities in the industrial sector in the Kingdom, as 100 agreements with potential investors are targeted to be signed.
