The Monshaat Monitor, issued in Arabic and English on 46 pages, highlighted the Qassim region and the great investment opportunities it offers to entrepreneurs thanks to its unique advantages in the agricultural, industrial and other sectors. The Observatory, which was published in Arabic and English in 46 pages, highlighted the Qassim region and the great investment opportunities it offers to entrepreneurs thanks to its unique advantages in the sectors of agriculture, industry and others.
Qassim is one of the most important investment regions in the Kingdom
The Observatory began its edition for this quarter with an opening speech by Abdulaziz bin Abdullah Al-Hamid, Chairman of Qassim Chamber, during which he explained that Qassim is one of the most important investment regions in the Kingdom and one of the incentives for the success of the entrepreneurial sector, indicating the importance that the Chamber attaches to small and medium enterprises, through support programs to enhance the administrative and financial skills of business owners, citing the “Launch Us” program launched by the Chamber in partnership with the Social Development Bank to finance entrepreneurs.
The report was hosted by the Chairman of the Board of Directors of Qassim Chamber, Abdulaziz bin Abdullah Al-Hamid.
The report hosted the CEO of the Magnet platform, Philip Bahoushi, who confirmed that the Kingdom witnessed a revival in the venture capital scene during the third quarter of 2023, with investments totaling SAR 326.3 million, as venture capital financing in the first nine months of the same year witnessed strong interest from investors in the Kingdom, which contributed to stimulating investments worth more than SAR 2 billion, making it top the list of financing in the Middle East and North Africa region.
Magnet's CEO, Philip Bahoushi, confirmed that the Kingdom witnessed a revival in the venture capital scene during the third quarter of 2023, with investments totaling SAR 326.3 million.
Manufacturing industries grew by 4.6%
The report highlighted the industrial sector, which is one of the most important programs to achieve Saudi Vision 2030, through the efforts led by the Ministry of Industry and Mineral Resources to support small and medium-sized industrial enterprises, as the growth rate in the activity of the manufacturing sector reached 4.6% year-on-year, and the number of industrial licenses reached 136 licenses by the end of August of this year, while the growth rate in the number of industrial facilities reached 3.8%, which led to the number of existing industrial facilities in the Kingdom to more than 11 thousand facilities, targeting 36 thousand facilities by 2035.
It is noteworthy that the Monashaat report comes within a series of quarterly reports issued by Monshaat, during which it reviews the latest developments in the entrepreneurship environment and the latest figures and statistics, in addition to a series of specialized reports issued by Monshaat periodically on topics of interest to entrepreneurs in the Kingdom, the latest of which was a specialized report entitled "Social Entrepreneurship"; with the aim of providing a reliable reference for information and figures for entrepreneurs, investors and interested parties.
Monashaat's report is the latest in a series of specialized reports entitled “Social Entrepreneurship” with the aim of providing a reliable reference for information and figures for entrepreneurs, investors and interested parties.
