Saudi Arabia’s General Authority for Small and Medium Enterprises, Monsha’at, has signed a Memorandum of Understanding (MoU) with Business France, the national agency supporting the international development of the French economy. The agreement was finalized on the sidelines of the Biban 2025 forum, currently taking place in Riyadh under the theme “A Global Destination for Opportunities.”
This strategic partnership aims to enhance the integration between the Saudi and French entrepreneurial ecosystems by creating new avenues for growth and collaboration for startups and SMEs in both nations.
Fostering Cross-Border Collaboration
The MoU outlines a framework for designing specialized capacity-building and development programs tailored for entrepreneurs. Key initiatives will include organizing joint workshops and establishing direct links between Saudi and French companies seeking international expansion.
Through this collaboration, startups from both countries will gain access to a network of business accelerators and project incubators in Saudi Arabia and France, facilitating a smoother market-entry process and fostering mutual economic growth.
A Strategic Push for Global Competitiveness
The agreement was signed by Sami bin Ibrahim Al-Hussaini, Governor of Monsha’at, and Axel Baroux, representing Business France. This partnership underscores Monsha’at’s commitment to broadening its international cooperation efforts.
By enabling Saudi SMEs to benefit from global expertise and best practices, the initiative is set to enhance their competitive capabilities and unlock new opportunities for expansion on the international stage.
About Monsha’at
The General Authority for Small and Medium Enterprises (Monsha’at) was established in 2016 to regulate, support, and develop the SME sector in the Kingdom of Saudi Arabia. It plays a crucial role in increasing the productivity of SMEs and their contribution to the GDP, aligning with the goals of Saudi Vision 2030 by fostering a thriving culture of entrepreneurship.
Source: Sra7h
