Monsha'at" Signs a Cooperation Agreement with "SABIC" to Support Innovative Industrial Enterprises
![event](https://www.monshaat.gov.sa/sites/default/files/2024-07/Monshaat_Logo_PNG_5.png)
The Small and Medium Enterprises General Authority "Monsha'at" signed a joint cooperation agreement today with "SABIC" to enhance economic growth and support small and medium enterprises in the industrial sector, contributing to their participation in the Gross Domestic Product (GDP). The agreement was signed during the ceremony held by "SABIC" to graduate entrepreneurs and qualified investors through its national initiative to enhance local content "Nusaned", in the presence of Monsha'at's Deputy Governor for Enterprise Services, Eng. Ryan Al-Fayez, and SABIC's Vice President of Local Content Unit and Business Development, Naif Al-Ayed. The agreement aims to provide joint support for SMEs through programs and initiatives that contribute to empowering entrepreneurs to develop their innovative industrial products, obtain technical support, and prepare for the commercial transformation phase. It also includes the development of a specialized industry training curriculum for SMEs to establish and manage e-commerce operations, which supports the capabilities of industrial enterprises in cooperation with the Monsha'at Academy. Through these agreements, Monsha'at seeks to achieve the highest levels of cooperation in various sectors to support entrepreneurs and SME owners in achieving the targets of the Kingdom's Vision 2030.
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