The Alsulaiman Foundation launched the Franchise Accelerator today in partnership with the Small and Medium Enterprises General Authority, “Monsha'at,” the Social Development Bank, and the Salem Bin Mahfouz Foundation. This initiative is designed to empower entrepreneurs by providing essential resources and support in the franchise sector. The announcement was made during a ceremony held at Monsha'at headquarters, attended by His Excellency Dr. Ghassan Ahmed Alsulaiman, Chairman of Alsulaiman Foundation, along with Monsha'at Governor Sami Ibrahim Al Hussaini, Social Development Bank CEO Eng. Sultan bin Abdulaziz Al Humaidi, and several officials, business leaders, and entrepreneurs. In his speech, Dr. Alsulaiman emphasized that the accelerator is a key part of the foundation’s economic empowerment efforts, which focus on enabling individuals to launch their businesses and achieve financial independence. He highlighted that the initiative offers a structured pathway encompassing training, mentorship, and financing, ultimately enabling beneficiaries to assume franchise ownership. This approach fosters financial sustainability and supports the success of emerging projects. For his part, Al Hussaini stated that the accelerator represents a significant addition to the franchise sector in the Kingdom. It provides a supportive environment for entrepreneurs through specialized qualification programs and facilitates access to grants and financing institutions, aligning with Saudi Vision 2030’s goals of fostering entrepreneurship and economic growth. Eng. Al Humaidi underscored the Social Development Bank's pivotal role in empowering entrepreneurs seeking franchise opportunities with leading brands. He pointed out that franchising is an effective pathway for the growth of small and medium enterprises (SMEs) and the creation of new job opportunities in line with Saudi Vision 2030. He added, "At the Social Development Bank, we take pride in inspiring success stories and pioneering national brands that have successfully developed innovative franchise models." The Franchise Accelerator offers a comprehensive program aimed at preparing and qualifying entrepreneurs through integrated stages, including intensive training, mentorship, facilitated financing, and gradual franchise ownership for up to two years. The initiative provides beneficiaries with the opportunity to join specialized training programs and work with franchisors, eventually progressing to full ownership of their businesses. This initiative is part of a broader strategy to strengthen the franchise sector by equipping entrepreneurs with a structured, risk-mitigated pathway to success. Additionally, it fosters an interactive environment that connects entrepreneurs, franchisors, and financing entities, ultimately enhancing innovation and competitiveness in the Kingdom’s franchise market.