Saudi Arabian forum set to boost SMEs

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A forum aimed at helping SMEs in Saudi Arabia will open on Tuesday May 28.

The Saudi International SME Forum will run for two days, and will allow the government to reassert its support for the SME sector, with discussions on how to help it develop, and how to increase its role in providing new business opportunities, as well as broaden the base of the national economy through the launch of initiatives and development programmes.

The event is organised by the Saudi Industrial Development Fund’s Kafalah programme and the Saudi Credit and Savings Bank, in tandem with Al-Iktissad Wal-Aamal Group, and under the patronage of the Minister of Finance, Dr Ibrahim Al-Assaf.

Chairman of the Kalafah programme, Osama Bin Abdelrahman Al-Mubarak, said: “The forum will focus on key topics such as the role of SMEs in the creation of new job opportunities and how to enhance the contribution of these enterprises in the national economy, and the role of banks in financing this sector.

“The second session of the forum will address the role of the private sector and major companies in the support and development of SMEs and initiatives provided by these companies to support this sector, in addition to emphasising the importance of the partnership between the public and private sector in the support and development of SMEs.

“The third session will discuss the non-traditional programmes for supporting and financing SMEs. The role of business incubators in the development of the competitiveness SMEs will be one of the key issues in the forum with a focus on the importance of training and educational programmes.”

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