Saudi Arabia is actively turning its cultural heritage into a viable vertical for startup growth and economic development. The Small and Medium Enterprises General Authority (Monsha’at) has officially signed a memorandum of understanding with the Saudi Falcons Club to cultivate a new wave of entrepreneurship within the hunting and falconry sector.
Quick Facts
- Partnership targets SME growth in Saudi hunting and falconry.
- MoU aligns with Vision 2030 economic diversification goals.
- Signed at the Saudi International Falcons and Hunting Exhibition.
Merging Heritage With Economic Diversification in Saudi Arabia
The agreement aims to build a structured pipeline of support for startups and SMEs operating within industries related to falconry. By combining Monsha’at’s enterprise-building expertise with the Saudi Falcons Club’s deep domain knowledge, the entities plan to increase the commercial output of this culturally significant sector.
Signed on the sidelines of the Saudi International Falcons and Hunting Exhibition in Malham, the MoU establishes a framework for institutional partnership. Eng. Munther bin Sulaiman Al-Farraj, General Manager of Business Development, represented Monsha’at, while Abdulrahman bin Mohammed Shaiba Al-Hamad, Head of Finance and Investment, signed on behalf of the Falcons Club.
The collaboration is directly tied to the broader objectives of Saudi Vision 2030, which prioritizes non-oil economic growth and increasing the GDP contribution of small and medium enterprises.
Driving Innovation and Local Production in Niche Markets
Beyond basic business registration, the partnership focuses on tactical enablement. The two organizations will exchange scientific and practical expertise to launch targeted initiatives that educate potential founders about commercial opportunities in the hunting supply chain.
The joint effort will specifically explore opportunities for collaborative projects, skill development for early-stage founders, and tailored programs designed to encourage youth participation in local production and innovation.
To further stimulate interest in this specialized market, Monsha’at and the Falcons Club plan to highlight national success stories, providing clear case studies for prospective entrepreneurs looking to enter the space.
About Monsha’at and Saudi Falcons Club
Monsha’at is the Saudi government authority dedicated to organizing, supporting, and developing the Kingdom’s SME sector to boost productivity and economic contribution. The Saudi Falcons Club focuses on preserving the cultural heritage of falconry while expanding its economic and social impact by supporting investment initiatives and opening new commercial avenues for entrepreneurs in the sector.
Source: Sabq
