Saudi Arabia’s New National SME Strategy: 500,000 Jobs, 35% of GDP, and What It Means for Foreign Companies
Saudi Arabia’s Cabinet, meeting in Jeddah under Crown Prince and Prime Minister Mohammed bin Salman, approved a new National Strategy for Entrepreneurship and Small and Medium Enterprises this week. Minister of Commerce Dr. Majid bin Abdullah Al-Kassabi, who also chairs the SME General Authority (Monsha’at), presented the strategy and thanked King Salman and the Crown […]
Saudi Arabia Construction & Real Estate SMEs Grow 134%: Key Business & Investment Opportunities
Saudi Arabia’s real estate and construction SME sector has grown by 134% since 2021, surpassing 370,000 businesses and becoming the Kingdom’s largest SME sector by number of establishments. The sector represents around 23% of all SMEs in Saudi Arabia. The growth is being driven by Saudi Vision 2030, major infrastructure projects, housing developments, new cities, […]