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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 Arabia’s non-oil private sector stabilised in July signaling an improvement in business conditions at the start of the second half of 2020.
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