18/10/2017 07:30 AST

The Saudi General Authority for Small and Medium Enterprises has signed a deal with King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, to set up a SR75 million ($20 million) capital fund, reported local news agency SPA.

As per the agreement, the capital fund will be used to help fund entrepreneurs and owners of SMEs operating in KAEC in addition to generating more jobs at those facilities, it added.


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