Substitute Al-Othman leads Al-Qadsiah to a crucial victory against Al-Khaleej    Ronaldo's double powers Al-Nassr to a 2-0 victory over Damac    Minister Al-Samaani inaugurates technical office to enhance judicial quality in Qassim    Riyadh Metro ticket prices starts at SR4    Saudi Arabia's R&D expenditure hits SR22.61 billion in 2023    Saudi Arabia, Comoros strengthen economic ties with new MoU    Saudi Arabia retains its seat on OPCW Executive Council    Saudi Transport Authority cracks down on foreign trucks violating rules    Saudi Arabia receives extradited citizen wanted for corruption crimes from Russia    Ukraine fights to keep the lights on as Russia hammers power plants    Indian airlines hit by nearly 1,000 hoax bomb threats    Sweden asks China to cooperate over severed cables    Childcare worker who abused more than 60 girls jailed for life    K-Pop group NewJeans split from agency in mistreatment row    Defending the Truth: Saudi Arabia and the 2034 World Cup    Culture minister visits Diriyah Art Futures    GCC Preparatory Ministerial Meeting discusses developments in Gaza and Lebanon    Al Taawoun seals AFC Champions League Two knockout spot with 2-1 win over Al Khaldiya    Best-selling novelist Barbara Taylor Bradford dies    Adele doesn't know when she'll perform again after tearful Vegas goodbye    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    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.



SMEs in Saudi Arabia surge by 25.6% Percentage of enterprises owned by women in Kingdom reaches 45%
The Saudi Gazette Published in The Saudi Gazette on 28 - 08 - 2022

RIYADH — The number of small and medium enterprises (SMEs) has reached 892,000, with an increase of 25.6% compared to the Q4 of 2021, the Small and Medium Enterprises General Authority (Monsha'at) announced on Sunday.
Monsha'at's announcement came while revealing its Q2 of 2022 report and its view of a number for several investment fields and files.
The report showed that the Riyadh region has the highest shares from the total enterprises, with a percentage of 35.4%, while the Makkah region recorded 21%, and Al-Shraqiyah 12.7%.
The Monsha'at stated that 81% of these enterprises are designated as micro and small enterprises.
The percentage of the enterprises that are owned by women recorded 45% from the total start-up companies' owners in Saudi Arabia, which represents the double percentage of what had been achieved in 2017.
As for the investment finance that has been obtained by the Saudi start-up companies, it has grown by 244%, reaching SR2.19 billion in the Q1 of 2022 on an annual basis.
With that growth, Saudi Arabia has been designated as the second most active venture capital market in the Middle East and North Africa regions, during the same period.
The report stated that the Makkah region has witnessed a huge entrepreneurial activity, as it hosts more than 21% of the total of SMEs in Saudi Arabia.
The food and beverages sector has received the biggest percentage of investment finance in the first half of 2022 compared to the companies working in other sectors.
According to MAGNiTT platform report for the first half of 2022, the food and beverages sector received an investment of SR700 million during the first half of this year.
The Monsha'at' report also stated that the Saudi coffee manufacturing is witnessing a huge activity during the current period.
Saudi Arabia enjoys, with more than 400,000 coffee bean trees, an increase that reached 70% in the Khawlani coffee beans' production.
It confirmed that the investment in the Saudi coffee sector reached SR1.2 billion by the Saudi Coffee Company for the coming 10 years.

Clic here to read the story from its source.