Saudi Aramco launches ‘Taleed’ to support sustainable growth of SMEs

Saudi Aramco launches ‘Taleed’ to support sustainable growth of SMEs

The Saudi Arabian Oil Company (Aramco) has launched a new program, ‘Taleed’, which aims to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia, helping boost their contribution to economic development and support job creation.

The program targets sustainable SME growth across multiple sectors through a portfolio of 20 initiatives, providing a wide range of support from capability building and strategy development to training, market access, advisory services and business planning.

It also aims to deliver funding and financial solutions to existing and new businesses through five funds, with a combined capital exceeding $800 million. The funds are being established in collaboration with partners to support SME development in the sustainability, digital, manufacturing, industrial and social innovation domains.

Aramco is partnering with a wide range of entities to deliver Taleed initiatives, and the company has signed 30 Memoranda of Understanding (MoUs) with leading public and private partners to enable the development of the SME ecosystem.

Amin Nasser

CEO & President Saudi Aramco “Aramco has long been committed to supporting the expansion of the Kingdom of Saudi Arabia’s SME ecosystem, which has a critical role to play in Saudi Arabia’s economic development. Through Taleed, we are working with the public sector, as well