26/09/2017 05:45 AST

The Jeddah Chamber of Commerce and Industry (JCCI) signed yesterday an agreement with Small and Medium Enterprises General Authority to expand production and the contribution of SMEs in the GDP in line with the Saudi growth plan.

The governor of the SMEs General Authority Gassan Al-Sulaiman and the JCCI Secretary General Hassan Dahlan signed the agreement at JCCI building. Dahlan highlighted the importance of cooperation between the JCCI and the SMEs General Authority. He also noted that these enterprises are crucial for developing national economy, creating jobs for Saudi youth and diversifying income.

He added that the JCCI is ready to provide training and guidance to SMEs as well as offering marketing services to them. Further, the Chamber is ready to organize exhibitions, seminars, conferences and workshops in this regard. JCCI is also ready to collaborate with the SMEs General Authority in its program aiming to classify the SMEs operating in the Saudi market.

The Chamber said Dahlan will also work on studies and surveys and will provide needed reports in cooperation with different JCCI committees.

The cooperation also include women empowerment and studying the obstacles facing youth businesses and putting plans to solve such obstacles.

Ghassan Al-Sulaiman noted earlier that financing SMEs in the Kingdom needs to increase 20 times in comparison to the current status. He added that SMEs will be included in the SR200 billion allocated to encourage private sector participation, saying that they will be financing innovative projects which will be an added value to the Saudi market.


Saudi Gazette

Ticker Price Volume
QNBK 197.95 84,959
GUCIC 14.12 31,216
SABIC 123.00 1,931,153
ALMARAI 52.60 968,812
APPC 54.80 112,265
SAICO 11.28 192,940
WALAA 24.50 99,733
MENA printing business to grow to $32bn in 2019

27/12/2018

The Middle East and North Africa (MENA) region continues to present one of the world’s key growth regions for printing.

In 2019, the total value of the commercial print business in MENA is

Saudi Gazette

Raysut Industrial Estate holds meeting with investors

27/12/2018

The Quality Improvement Committee at Raysut Industrial Estate held its first meeting chaired by Eng. Hamad Al Qasabi, Director General of the estate and the committee’s chairman.

The meetin

Times of Oman

UAE, Chechnya explore economic cooperation

27/12/2018

The Zayed Fund for Innovation and Entrepreneurship, established by the Khalifa Fund for Enterprise Development, is contributing to the economic development of Chechnya with a number of projects.

Gulf News

Oman’s first wind turbine installed in Dhofar

27/12/2018

Masdar, the Abu Dhabi Future Energy Company, announced yesterday the installation of the first of 13 turbines at the 50 megawatt (MW) Dhofar Wind Farm. Located in Dhofar Governorate, the project is f

Oman Daily Observer

UAE on fast track to attracting investment and world talent

27/12/2018

The UAE has moved ahead of other regional and overseas destinations in positioning itself as a hub for investment and international talent, say experts at STA Law Firm.

The introduction of

The Gulf Today