Riyadh - Mohammed Jamous: Biban 23, organized by the General Authority for Small and Medium Enterprises «Monshaat», the importance of opening many doors and windows to work and supporting low-income companies, and specializing them with different investment opportunities.
The forum opened, through ambitious agreements,
The speakers emphasized the importance of the participation of entrepreneurs in the growth and economic contributions of various sectors.
Minister of Municipal and Rural Affairs and Housing Majid al-Haqeel revealed that the ministry has offered about 11,000 opportunities to support small and medium enterprises over the past years, giving more space to obtain job opportunities that suit individuals.
During a panel discussion titled "The importance of entrepreneurship for the development of the economy and the growth of promising sectors in the Kingdom," he emphasized that entrepreneurs and businessmen of all categories are partners in decision-making, noting that entrepreneurs enjoy membership in more than 11 committees within the ministry.
and indicated the launch of several Programs and initiatives that will accelerate and facilitate the pace of the private sector, create new opportunities for entrepreneurs and the growth of small, medium and micro enterprises; with the aim of raising the contribution of SMEs from 20% to 35% of GDP as one of the targets of the Kingdom's Vision 2030.
In the residential sector, he noted the creation of a program to support and empower real estate developers, and a program to convert contractors into real estate developers, which contributed to the provision of more than 10,000 housing units, partly in partnership with National Housing.
For its part, <span style="font-weight: 400
The Ministry's spokesperson Jarrah Al-Jarrah explained that the initiative aims to study and analyze 10,000 locally manufactured and imported products, identify the 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-sized factories in the Kingdom.
He stated that the initiative aims to localize local supply chains and provide more than 600 investment opportunities for entrepreneurs, expecting the total investment volume to reach 4 billion riyals.
and through the Memorandum of Understanding signed by Monshaat with the Real Estate Development Fund, The Tatweer program works to expand the activities of SMEs in the field of developing housing projects, and encourage financial institutions to cooperate with them to achieve integration and increase the real estate supply, in terms of creating high-quality and competitively priced housing projects. ==== - Accelerating and facilitating the private sector _COPY
Creating new opportunities for entrepreneurs and enterprise growth
- Raising the contribution of % to 35% of GDP
== - 10,000 products to study and analyze
- 100 detailed investment opportunities - 100 detailed investment opportunities - 600 investment opportunities =====11K opportunities
Programs and initiatives
Enabling Developers
Supply Chains
Development of residential projects
Supply chains
Highlights of Opportunities
- Investment:
5k
==
Support:
Support:
11K
Representation:
11 ministerial committees 11 ministerial committees Housing units:
10K
Records. Agreements and launches worth 52 billion riyals
The Biban 23 record numbers in the value of agreements and launches, exceeding SAR 52 billion, and Monsha'at signed cooperation agreements with the Saudi National Bank, Arab National Bank, SABB Bank, Alinma Bank, and others.
The Small and Medium Enterprises Bank announced the provision of financing products for enterprises worth 10.5 billion riyals for 3 years.
The forum kicked off under the slogan "Opportunities Create Leadership" and witnessed a wide participation of entrepreneurs and investors from all over the world.
The forum aimed to strengthen the Kingdom's position as a destination and first choice for entrepreneurs regionally and internationally, support the growth and competitiveness of entrepreneurs' projects, and stimulate the culture of entrepreneurship.
