The Global Entrepreneurship Conference continued its activities on its third day by signing and launching numerous programs and initiatives supporting the small and medium enterprises sector and entrepreneurship. “Monsha’at,” the General Authority for Small and Medium Enterprises, under the slogan “We Reinvent, We Renew,”  in cooperation with the Global Entrepreneurship Network  witnessed several agreements and launches with a total value exceeding 6 billion riyals (1.6 billion dollars), supporting the entrepreneurial sector and providing more financial solutions for small and medium-sized enterprises.

The “Kafala” program which finances SMEs signed several agreements with various entities, including the Ministry of Industry and Mineral Resources, the Ministry of Municipal and Rural Affairs and Housing, the Ministry of Sports, the Cultural Development Fund, the Tourism Development Fund, the National Industries Development Program “NIDLP,” King Saud University, Al-Jouf University, and the Work Corner Company for business incubators and accelerators. The General Authority for Small and Medium Enterprises “Monsha’at” signed a number of cooperation agreements with the Saudi Food and Drug Authority, the Saudi Commission for Health Specialties, and the Health Insurance Council on the third day. To support and empower entrepreneurs and SMEs, the National Industries Development and Logistics Services Program  launched the “One Thousand Miles” initiative as well to qualify entrepreneurs in the industrial and logistics services sector in cooperation with the relevant authorities. At the same time, Banque Saudi Fransi signed a cooperation agreement with Saudi Arabian Airlines. Additionally, it witnessed the start of the fourth batch of the Influential Guidance Program for the "Tomoh" initiative, which was started in partnership with Endeavor Saudi Arabia. The program's goal is to support businesses that are expanding quickly by providing connections to Endeavor's offices in local and international markets and facilitating access to the best local and global mentors.

 The program aims to support more than 26 accelerating entities represented by 35 Saudi entrepreneurs, creating over 400,000 direct and indirect jobs. Over 20 Saudi accelerating entities participated in the launch of the sixth batch of the Elite Tomoh program in collaboration with the Global Elite Network, the program aims to qualify 4 to 6 companies for listing on the parallel stock market “Nomu.” Chaizer Power for Mobile Energy

also signed a cooperation agreement with the European MegaTel Group to manufacture and supply electric car chargers in the Kingdom of Saudi Arabia and the Middle East region.