Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) is bolstering the entrepreneurial landscape in Madinah through a series of advisory and guidance sessions organized by its Enterprise Support Center. The events, aimed at developing projects and supporting entrepreneurs, are running until October 23rd, providing targeted support to the region’s burgeoning startup community.
Comprehensive Support Across Key Sectors
The program offers a diverse range of consultations and guidance covering multiple high-growth industries. These include entertainment, sports, tourism, administrative and technical services, transportation and logistics, as well as marketing, sales, restaurants, and cafes. This broad focus ensures that entrepreneurs from various sectors can receive specialized advice tailored to their unique challenges and opportunities.
From Idea to Sustainable Expansion
The sessions address critical aspects of business development, including financing, innovation, legal frameworks, and strategic planning. A select group of industry experts and specialists are leading the sessions, offering invaluable insights to help founders navigate the journey from the initial idea phase to achieving sustainable growth and expansion. The initiative aims to equip SMEs with the tools and knowledge necessary to build resilient and successful ventures.
About Monsha’at
Established by a ministerial decision in 2016, the Small and Medium Enterprises General Authority (Monsha’at) is a government entity dedicated to regulating, supporting, and developing the SME sector in Saudi Arabia. Operating with financial and administrative independence under the Ministry of Commerce, Monsha’at plays a pivotal role in achieving the goals of Vision 2030. Its primary objective is to increase the SME sector’s contribution to the Kingdom’s GDP from 20% to 35% by 2030 by fostering a culture of entrepreneurship, innovation, and free enterprise.
Source: Economy Today
