Saudi FM calls Indian, Pakistani counterparts to discuss developments    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Arabia cracks down on fraudulent Hajj campaigns, urges pilgrims to use official channels    Nammos Amala Resort to open soon with Saudi-Greek designs    Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as ninth-year milestone marked    Literature Commission inaugurates Saudi Pavilion at Muscat Book Fair    Saudi Minister of Culture holds talks with his Costa Rican counterpart in Jeddah    Alkhorayef praises advancements in Al-Kharj food industries sector    MHRSD: 80% of recruitment offices are non-compliant with regulations    At least 50 Palestinians killed in Israeli strikes across Gaza    Teenage girl killed in French school stabbing attack    Trump claims meeting with China after Beijing denies any trade negotiations    GACA chief chairs 16th meeting of the Steering Committee on aviation's strategy    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Average life expectancy in Saudi Arabia rises to78.8 years    Film Commission launches 'Cinema' initiative to enhance content    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Monshaat continues to build capacity of SMEs through digital platforms
Published in The Saudi Gazette on 18 - 05 - 2020

As a business support organization, The Small and Medium Enterprises General Authority (Monshaat) was established to organize, support and develop the SMEs sector to increase their productivity and their contribution to the GDP from 20% to 35% by 2030. The authority supports SMEs via programs and projects that promote entrepreneurship and innovation with an array of financial and technical services aimed to strengthen this crucial sector of the national economy.
In addition to its wide range of services and initiatives, Monshaat provides capacity building solutions to develop Saudi SMEs in their administrative, technical, financial, marketing, HR and other capabilities. The provided capacity building solutions includes training, workshops, mentorship, consulting and service providers' discount vouchers. These solutions are available to Saudi SMEs at the stage of growing their businesses as well as aspiring entrepreneurs.
From an early stage, Monshaat has recognized the importance of utilizing technology to ensure the accessibility of the services to its beneficiaries across the Kingdom in the most efficient manner. Thus, the authority introduced online capacity building services in parallel with the existing activities and events that normally take place in physical venues. The initial introduction of online solutions was welcomed by the business community who may not always have the time to attend every advertised event in physical venues.
With the growing demand on the capacity building services, Monshaat developed and launched Monshaat Academy, which offers a collection of on-demand and live e-Learning business courses. In addition to the free online training, "Nawafith" mobile App were developed to offer SMEs owners with live, virtual and one to one business consulting with industry experts. Furthermore, Monshaat has launched "Mazaya" portal, which offers Saudi SMEs discounted business services to help businesses optimize costs and efficiency.
By March 2020, the spread of coronavirus necessitated social distancing and the implementation of partial curfews to control the spread of the pandemic. Under these circumstances, Monshaat accelerated the development of these digital solutions, converted all activities that used to be done in physical venues to online alternatives to ensure the continuous accessibility of these services by the Saudi business community.
The leap to online with all of Monshaat capacity building services showcased its commitment in aiding the Saudi SMEs through these challenging times while maintaining adequate quality. With a few clicks from the beneficiaries, the online capacity building services witnessed a surge in the usage since March 2020. In this period, more than 46,000 business people benefited from Monshaat Academy's programs. Furthermore, SMEs owners have attended more than 11,000 Virtual advisory and consulting sessions.
Commenting on these activities, the Monshaat Governor Eng. Saleh Alrasheed emphasized that the authority is keen to ensure that its support services are accessible to all Saudi SMEs. On the complete shift of the capacity building services, Eng. Alrasheed praised the dedication of the staff who are working from homes to support businesses via available channels in these exceptional times.
"There will be a learning curve for Monshaat's team as well as their beneficiaries on the utilization of technology to create value and efficiency," said Eng. Alrasheed. He also indicated that Monshaat will further seek feedback from its beneficiaries and will capitalize on its online solutions as needed to improve its services to the current and prospective Saudi businesses. — SG


Clic here to read the story from its source.