Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha’at) formed a strategic partnership with X Development Company at Biban24. This significant collaboration intends to boost digital skills among SMEs, offering innovative tools to strengthen their competitive edge. Monsha’at and X are committed to supporting SMEs as they adapt to a rapidly evolving digital business landscape. By collaborating with X, Monsha’at aligns directly with Vision 2030 goals for economic growth and digital transformation. Monsha’at seeks to increase SME contributions to 35% of Saudi Arabia’s GDP by the year 2030 through this effort.
Advancing SMEs Through Technology, Training
Monsha’at and X are implementing specialized training programs to help SMEs adopt advanced technology, essential for succeeding in a digital-first economy. These programs include technical support, innovative tools, and digital solutions that enhance market competitiveness and adaptability. Monsha’at’s involvement reflects its commitment to building a thriving entrepreneurial ecosystem that prioritizes digital transformation and aligns with Vision 2030’s goals.
Practical Training to Foster Growth
Biban24 also offers over 400 workshops, benefiting thousands of participants by providing practical training across critical areas such as e-commerce, funding, and market access. These initiatives directly address SME challenges and foster sustainable growth through enhanced digital skills and market reach strategies. The focus on practical training ensures that entrepreneurs acquire skills that are immediately applicable in today’s competitive markets.
Supporting SMEs for Sustainable Impact
The partnership between Monsha’at and X also establishes an innovative entrepreneurial ecosystem that supports digital transformation while addressing evolving business challenges. Monsha’at’s ongoing efforts reinforce Vision 2030’s objectives, empowering SMEs to compete globally.
