Saudi Entities Coordinate to Facilitate Issuing ‘Entrepreneurship’ Licenses in the Kingdom

Saudi Entities Coordinate to Facilitate Issuing ‘Entrepreneurship’ Licenses in the Kingdom

Saudi Minister of Investment Khalid al-Falih announced that visiting Saudi Arabia in 2030 will be an opportunity for work, stability, investment, and future building.

Falih indicated that the economic development in the Kingdom would lead to the development of the entire region, noting that Ministries of Investment and Commerce are collaborating to create the appropriate environment and facilitate investment licensing procedures that support the entrepreneurship sector.

Supporting the Sector

The minister stressed that Saudi Arabia is interested in investing in entrepreneurship and its activities, providing all means and incentives to support it.

Falih was speaking at a panel as part of the Global Entrepreneurship Congress (GEC) organized by the Small and Medium Enterprises General Authority (Monsha'at) in cooperation with the Global Entrepreneurship Network (GEN).

He said that Saudi Arabia has all the main elements of investments and is considered a fertile land for investors and companies at the international level.

According to the Minister, Crown Prince Mohammad bin Salman led the Kingdom by supporting and diversifying the economy, and oil will not be the only economic tributary.

Economic diversity will not be limited to large companies, said Falih, explaining that entrepreneurs will create job opportunities that contribute to the economy.

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