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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.
VISION 2030 adds sustainability to the agenda as it pushes to expand urban development; points include prolonged asset lifecycle, lower utility bills, and infrastructure to promote physical activity.
Gulf banks could benefit from rising global interest rates, a Bloomberg conference in London heard.
Hasnain Malik, global head of equity research at emerging markets bank, Exotix Capital fl
Saudi Arabia has approved a new bankruptcy law, a move analysts predict will help attract foreign direct investment, boost credit growth and allow the country’s SME sector to thrive, as the process o
Economic performance is likely to improve in 2018 with firming oil prices, an improvement in global trade and the expected easing pace of fiscal adjustment, according to the latest assessment of the
Saudi Arabia announced plans Thursday to spend billions on building new venues and flying in Western acts, in a total overhaul of its entertainment sector that would been unthinkable not long ago.