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THE TRUTH ABOUT: Monshaat - The Untold Story

Breaking Barriers: Women Entrepreneurs Driving Growth in Saudi Arabia's SME Sector

While Personal Statement Laws tell women to obey their husbands "in a reasonable manner", 40 per cent of digital entrepreneurs in Saudi Arabia are women

International Business Times UK · Apr 8, 2024

Saudi Arabia Allocates $8b to Support Entrepreneurs, Venture Capital

Saudi authorities allocated $8 billion to support entrepreneurs and venture capital, and the Saudi Venture Investment Company intends to increase the investment allocation in the coming years by $1.6 billion. The Ministry of Industry and Mineral Resources and the Small and Medium Enterprises General Authority (Monshaat) signed an agreement to…

Asharq Al-Awsat · Mar 14, 2023

Agreements to Launch Pilot Initiatives for Small Enterprises in Saudi Arabia

Biban 2023 - Saudi Arabia’s largest start-up, SME, and entrepreneurship conference – saw on Friday the signing of more than 25 agreements between the government and private agencies. The forum, which kicked off on Thursday at the Riyadh Front Exhibition and Conference Center, is organized by Monsha’at - the Saudi…

Asharq Al-Awsat · Mar 11, 2023

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20 Omani Startups Present Projects in Leap23

Over 20 Omani startups presented their projects for a group of venture capital funds, Saudi investors, and crowdfunding platforms aiming to conclude investment deals and enhance competitiveness. The event was hosted by Saudi Small and Medium Enterprises General Authority (Monshaat), with the participation of the Saudi-Omani Business Council, the Ministry…

Asharq Al-Awsat · Feb 9, 2023

Number of SMEs Jumps 68% in Saudi Arabia

The number of small and medium enterprises (SMEs) in Saudi Arabia increased by about 68 percent, reaching 752,500 during Q1 of 2022, in light of the incentives provided by Vision 2030. A recent report by the Digital Transformation Program, a copy of which was reviewed by Asharq Al-Awsat, showed that…

Asharq Al-Awsat · Aug 3, 2022

Saudi Arabia to Develop SMEs in Culture, Entertainment, Sports

Saudi Arabia developed seven steps and solutions to promote small and medium enterprises (SMEs) in the culture, entertainment, and sports sectors, after reviewing local strategies with benchmarking comparisons and consulting experts and the private sector. In its recent report, the Small and Medium Enterprises Authority (Monshaat) expected the short and…

Asharq Al-Awsat · Jul 4, 2022

GEC Witnesses $8 Billion in Agreements, Investments to Support Saudi Entrepreneurship

The Global Entrepreneurship Congress (GEC), held in Riyadh, witnessed several agreements and investments worth almost $8 billion on its second day. The agreements aim to support entrepreneurship in various fields and enhance the Kingdom's position as an attractive environment for pioneers, innovators, and creators worldwide. Global Entrepreneurship Congress (GEC), launched…

Asharq Al-Awsat · Mar 29, 2022

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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…

Asharq Al-Awsat · Mar 29, 2022

Saudi Arabia Aims to 'Reboot, Rethink, and Regenerate' Entrepreneurship

The Global Entrepreneurship Congress (GEC) seeks to benefit from Saudi Arabia as a platform to reboot, rethink, and regenerate the entrepreneurship system at the international level. Speakers at the conference reiterated that economic strength depends on the sector's development to return to the economies of countries positively. The conference witnessed…

Asharq Al-Awsat · Mar 28, 2022

Madinah to Host 120 Startups During Int’l Investment Forum

King Salman International Conference Center in Madinah will host 120 startups, including 60 global companies, in the Startup Investment Forum (SIF) from February 21 to 23. The Small and Medium Enterprises General Authority (Monshaat) recently launched the Accelerator and Startup Studio Funds, which targets promising technology fields such as e-commerce,…

Asharq Al-Awsat · Feb 13, 2022

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