81% of SMEs in Mena optimistic about future growth
MANAMA, 12 days ago After facing unprecedented changes in the wake of the Covid-19 pandemic, Small and Medium Enterprise (SME) confidence in Mena is on the rise, according to the latest research by Mastercard. The inaugural Mastercard Middle East and Africa (MEA) SME Confidence Index found 81% of SMEs in Mena are optimistic about the next 12 months. In fact, 77% are projecting revenues that will either grow or hold steady. Over half (56%) are projecting an increase. As many regional economies gradually enter the normalisation and growth phase, and social restrictions continue to ease, small and medium sized businesses in Mena have identified better data and insights (42%), easier access to credit (41%) and upskilling staff (40%), as the top three drivers for growth. This highlights the opportunities for small businesses that arise from both internal transformation as well as industry regulations and trends.
Manama
Al-manamah
Bahrain
Khalid-elgibali
Mastercard
Tradearabia-news-service
Medium-enterprise
Mastercard-middle-east
Division-president
Economic-outlook
Arabia-news
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