Monshaat says 17,000 ‘fast-growing’ SMEs contribute 50% to GDP
- Date: 21-Oct-2023
- Source: Eye of Riyadh
- Sector:Technology
- Country:Saudi Arabia
Monshaat says 17,000 ‘fast-growing’ SMEs contribute 50% to GDP
Small & Medium Enterprises General Authority (Monshaat) seeks to support and develop 'fast-growing' small and medium-sized enterprises (SME), Saudi Press Agency reported, citing Monshaat Governor Sami Al Hussaini. He pointed to SMEs' vital role and impact on global economies, noting that their number in the Kingdom reached more than 17,000. SMEs contribute more than 50% to the local