RIYADH: Saudi Arabia provided more than $80 billion in support to keep SMEs protected from economic downturns, governor of the Kingdom’s SMEs authority said.

Speaking at GEC 2022 in Riyadh, Saleh Al-Rahseed said the Kingdom gave confidence to entrepreneurs and innovative companies not only by giving them cash but all kind of support.

“It wasn’t just cash injection that helped Saudi SME’s during the pandemic” the head of the authority known as Monshaat added.

Saudi Arabia has provided the needed regulations and advisory hubs 

As a result Saudi ranked 2nd globally for the government support to SMEs.