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KSA to establish bank for supporting SMEs – Minister

KSA to establish bank for supporting SMEs – Minister
KSA to establish bank for supporting SMEs – Minister

Riyadh – Mubasher: Saudi Arabia plans to establish specialised bank to support small and medium enterprises (SMEs), in addition other financing solutions which the country will support this sector by them, Majed Al Kassabi, the Saudi Minister of Commerce and Investment said.

The government is working to develop the SMEs sector as it will contribute largely in raising the domestic economy, and providing job opportunities, the Saudi Press Agency (SPA) reported on Monday, citing Al Kassabi as saying.

Saudi Arabian government plans to enhance collaboration between the public and private sectors to attract and pump more investments in all sectors.