Saudi Arabia approves national SME strategy targeting 500,000 jobs

RIYADH — The Saudi Cabinet on Tuesday approved the National Entrepreneurship and Small and Medium Enterprises Strategy, which includes 13 initiatives aimed at accelerating business growth, attracting global innovative startups and reducing the cost of doing business in the Kingdom.The strategy seeks to create more than 500,000 direct and indirect jobs and raise the contribution of SMEs to Saudi Arabia’s gross domestic product to 35%.Minister of Commerce and Chairman of the General Authority for

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