Saudi Arabia’s General Authority for Small and Medium Enterprises, Monsha’at, has partnered with the Madinah Chamber and the Madinah Region Development Authority to organize two workshops aimed at strengthening the local startup ecosystem. The sessions, part of Monsha’at’s ongoing tour in the region, provided practical guidance and resources for entrepreneurs and SMEs.
Quick Facts
- Two workshops held for Madinah’s entrepreneurs.
- Collaboration between Monsha’at and local Madinah authorities.
- Focus on startup creation and SME advisory services.
Building Startups from the Ground Up
The first workshop offered founders a practical roadmap for building a new venture. Led by entrepreneurship expert Dr. Ayman Sharbini, the session covered the entire startup lifecycle, from initial idea generation and feasibility studies to the critical launch and growth phases. The discussion also addressed common challenges faced by early-stage companies and provided strategies for overcoming them.
Accessing Monsha’at’s Support Platforms
The second session focused on connecting founders with Monsha’at’s dedicated support services. Consulting specialist Ahmed Al-Nuwaisiri detailed the “Nawafith” advisory service and the “Mazaya” benefits platform. He explained how entrepreneurs can leverage these resources to refine their business models and improve operational efficiency. These workshops are part of Monsha’at’s broader strategy to enhance the SME sector’s contribution to Saudi Arabia’s economic development, create new jobs, and stimulate innovation.
About Monsha’at
The General Authority for Small and Medium Enterprises (Monsha’at) was established in Saudi Arabia to regulate, support, and develop the SME sector in the Kingdom. It is a key enabler of Saudi Vision 2030, working to create a thriving business environment for small and medium-sized enterprises through various programs, initiatives, and financing solutions.
Source: SwiftNewz
