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FinancialNews
08-01-23
KSA’s business environment showing massive advancement
(MENAFN) Saudi businessmen have revealed good signs of reputation and courage in expanding financial growth via innovation as well as private enterprise.
The Middle East region has seen extraordinary expansion in the launch of small and medium enterprises in line with the change toward entrepreneurship with Saudi Arabia setting an example for a flourishing startup ecosystem.
Entrepreneurship in Saudi Arabia as well as the region has altered massively during the recent years with entrepreneurs showing high skills in project investment, quacking, as well as scaling.
In an exclusive meeting with Arab News, Saud Alsabhan, vice ruler of entrepreneurship at Saudi Arabia’s Small and Medium Enterprises General Authority, also known as Monsha’at, stated that the Saudi entrepreneurial environment has improved its own logic.
“Over the past six years, we have seen unprecedented growth in our own entrepreneurial ecosystem, both institutionally and organically. With nearly a million SMEs throughout the country, over 90 percent of adults now see entrepreneurship as the right career move,” he also mentioned.
MENAFN08012023000045014228ID1105397267
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