As per the latest news, the number of small & medium enterprises (SMEs) has reached 892,000, with an increment of 25.6% compared to the Q4 of 2021, announced by the Small and Medium Enterprises General Authority (Monsha'at).
Monsha'at’s declaration came into the limelight while uncovering its Q2 of 2022 report and its perspective on several investment fields and files.
It has been shown by the report that the Riyadh region possesses the highest share of the total organization, with a percentage of 35.4%, while the Makkah region recorded 21% and Al-Shraqiyah 12.7%. Earlier, The Saudi British Bank or SABB introduced inventory financing solutions for KSA importers & exporters.
The Monsha'at expressed that 81% of these organizations are assigned as micro and small enterprises.
Read more: https://www.emeriobanque.com/news/smes-in-saudi-arabia-reached-at-25-6-percentage-monsha-at-says
