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FINANCIAL NEWS
Saudi’s SR4b to develop SMEs
09 Aug 2016
(MENAFN) Investments of SR4bn in Saudi Arabia are a notable incentive to develop the business of small and medium enterprises (SMEs).
Furthermore, the aim of the fund is to invest in venture capital and the private ownership in agreement with trade foundations to help investment chances in SMEs.
On the other hand, the fund will also enhance the rate of non-oil exports and make more job chances and clear regulatory and procedural obstacles.
Accordingly, a professional association should be built in order to raise the level of efficiency and professionalism in venture capital and the private ownership sector.
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