Saudi SMEs to attract future investments, says official

24/04/2017 Argaam

Saudi small and medium enterprises (SMEs) will attract many investments going forward, thanks to their resilient nature and strong ability to weather economic changes, Ghassan Al-Sulaiman, governor of the General Authority for SMEs, told the Saudi Press Agency (SPA) on Sunday.

 

The General Authority for Small and Medium Enterprises will participate in a global forum for potential investment opportunities.

 

“SMEs should capitalize on supply chains, as many leading firms across the kingdom are seeking to develop their own supply chains,” Al-Sulaiman added.

 

Three workshops will be organized in Riyadh, Jeddah, and Eastern Province starting from April 23 to address several issues, including labor fees, energy costs, financial incentives, and SMEs.

 

Al-Sulaiman added that the private sector programs will be supported by the previously announced allocation of SAR 200 billion until 2020.

  

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