MoUs Signed to Support Local SMEs in Saudi Arabia’s ‘Qiddiya’

MoUs Signed to Support Local SMEs in Saudi Arabia’s ‘Qiddiya’

The Qiddiya Investment Company and the General Authority for Small and Medium Enterprises sign two memoranda of understanding to support local SMEs in Saudi Arabia. (SPA)

Saudi Arabia's Qiddiya Investment Company (QIC) and the General Authority for Small and Medium Enterprises (Monshaat) signed two memoranda of understanding (MoUs).

The agreements aim to enhance bilateral cooperation, provide QIC with access to the "Jadeer“ portal, and develop Qiddiya as a destination that provides an environment open to SMEs.

CEO of QIC Philippe Gas said: "These two MoUs reflect our continuous effort to enhance cooperation and strategic partnerships with local entities involved in national transformation, in line with the ambitions of Saudi Vision 2030.“

Gas added: "These MoUs mean that local SMEs will be able to easily access information about the Qiddiya project and the numerous opportunities available in QIC.“

Governor of Monshaat Eng. Saleh bin Ibrahim Al-Rasheed said: "These MoUs highlight Monshaat's keenness to enhance cooperation with the public and private sectors and to create an environment that stimulates the growth and prosperity of small and medium-sized enterprises.“

He stressed: "It will help to increase competitiveness and will contribute to the development of local entities by boosting and developing the standard of SMEs in the Kingdom.

"It will also