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Monsha'at signs partnership agreements and MoUs worth more than 18 billion SAR on opening day of Biban 2024

Nov 06, 2024•over 1 year ago

Contract Type

partnership

RiyadhNon Profit

Description

On the opening day of Biban24, Monsha'at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, signed more than 17 partnership agreements and MoUs, including agreements with the Korean Ministry of Small and Medium Enterprises and Startups. These agreements aim to enhance the technical classification of SMEs, with a particular focus on the fintech sector. Monsha'at also signed cooperation agreements with several local banks for financing portfolios, aiming to enhance the ability of small and medium enterprises and entrepreneurs to secure necessary financial support for their projects. In addition, more than 10,000 investment opportunities were unveiled through collaboration with the Invest Saudi platform, the Furas platform, and other partners.

Company Information

Company

Monsha'at

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Monsha'at is the General Authority for Small and Medium Enterprises in Saudi Arabia, dedicated to empowering SMEs and fostering entrepreneurship. The organization plays a crucial role in establishing a dynamic SME ecosystem, advancing economic growth, and supporting sustainable entrepreneurial landscapes as part of Saudi Vision 2030. They aim to promote collaboration, innovation, and wealth creation among local enterprises. Through various initiatives and forums, Monsha'at provides valuable resources and support to aspiring entrepreneurs.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months