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HH Sayyid Bilarab presides over opening of startups forum

HH Sayyid Bilarab presides over opening of startups forum
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Sayyid Bilarab presides over opening of startups forum

Saudi Arabia aims for 525 active fintech entities by 2030

Saudi Arabia aims for 525 active fintech entities by 2030
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Monsha at Reports 3 5% Quarterly Increase in SMEs Driven by Growth across Saudi Non-Oil Economy

The General Authority for Small and Medium Enterprises (Monsha'at) has released its latest quarterly SME Monitor, which showed a 3.5% growth in the number of SMEs in Saudi Arabia in Q3 2023, bringing their total number to 1.27 million. With over 40,000 new businesses created across the country in Q3, the monitor indicated that 43.3% of SMEs are now located in the booming financial capital of Riyadh. The Saudi economy, driven by strong non-oil growth of 3.6% in Q3, is now expected to expand by 0.8% in 2023, according to the IMF, outpacing average G20 growth.

Oman to hold summit to boost entrepreneurial ecosystem, startups

Oman to hold summit to boost entrepreneurial ecosystem, startups
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