The Governor of the Small and Medium Enterprises General Authority “Monsha’at”, Engineer Saleh bin Ibrahim Al-Rasheed, announced an initiative to establish the Supply Chain Development Center in cooperation with the Ministry of Defense, the Ministry of Energy, Industry and Mineral Resources, the Local Content and Private Sector Development Unit, the Saudi Authority for Industrial Cities and Technology Zones, and King Abdulaziz City for Science and Technology, during the symposium on Local Content in Localizing Industry and Developing SMEs, held on the sidelines of the Armed Forces Exhibition for Diversity of Requirements and Capabilities (AFED).

The Governor explained that the center, which will be managed by Monsha’at, aims to support small and medium companies in obtaining the necessary support from various entities for the sustainability of the industrial sector, and that in its first phase the center will target the spare parts industry.

Engineer Saleh Al-Rasheed noted that the center will provide many services to SMEs in the spare parts industry in cooperation with the relevant entities, including engineering and technical support and consultation, support for efforts to develop and introduce modern digital production methods, consultation on supplier registration with the public and private sectors, enabling SMEs to obtain suitable production technologies and production plans, and participation in supply and contract negotiations.

The services also include developing a digital platform for engineering designs and for supply and demand, the support needed to develop reverse engineering in the spare parts industry, spreading awareness of standard specifications, quality, conformity assessment procedures, metrology, and calibration, preparing, developing, and implementing training programs, and providing capital and loan financing and guarantees for enterprises.

Monsha’at recently announced the continuation of registration for the #Yassarnaha government fee refund program, which covers all companies in all sectors for the fees of issuing a company’s commercial registration, renewing a company’s commercial registration, chamber of commerce membership, trademark registration, Saudi Post (National Address) subscription, fees for publishing a company’s articles of incorporation, municipal licenses, and licenses for commercial activities.