Saudi Monshaat to Hold Growth Week from August 27 to 31

Monshaat will hold the Growth Week between August 27 and 31.
Monshaat will hold the Growth Week between August 27 and 31.
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Saudi Monshaat to Hold Growth Week from August 27 to 31

Monshaat will hold the Growth Week between August 27 and 31.
Monshaat will hold the Growth Week between August 27 and 31.

The Small and Medium Enterprises General Authority (Monshaat) is set to hold the Growth Week between August 27 and 31.

The event is part of a series of business weeks. It will be organized in cooperation with a number of government agencies and sectors concerned with the growth of enterprises. Among them is the US-based Silicon Valley Innovation Center, which carries out the Business Acceleration Program in partnership with Monshaat Tomouh (Aspiration) Program, whose goal is to support fast-growing enterprises in the Kingdom.

The Silicon Valley Program offers a range of consultations and workshops to fast-growing enterprises with the aim of developing their leadership skills and knowledge.

A group of experts specialized in the field of entrepreneurship is also scheduled to take part in the event to showcase the best international practices that drive the growth of enterprises and the challenges faced in the process.

During the Growth Week, a group of prominent local experts from support councils, including senior officials and CEOs, is scheduled to talk about the programs and initiatives that contribute to the growth of the entrepreneurial environment.

The Growth Week provides visitors and interested parties with the opportunity to learn about successful entrepreneurial experiences through specialized meetings with prominent entrepreneurs and join discussions about challenges in the field and means to address them effectively.



Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)
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Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)

The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum aims to bolster strategic industrial cooperation and integration between the two countries.

Organized by the Federation of Saudi Chambers of Commerce in collaboration with the Federation of Egyptian Industries, the forum witnessed the participation of Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, Saudi Export Development Authority CEO Abdulrahman Althukair, and 300 prominent Saudi and Egyptian industry leaders and investors.

Bin Salamah underscored the significance of strengthening economic cooperation and industrial integration between Saudi Arabia and Egypt. He advocated for enhanced industrial partnerships within five priority sectors identified in the Kingdom's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries.

He highlighted the evolving strategic integration between the two countries across initiatives like "Saudi Made,Future Factories," and "Made in Egypt," as well as in the broader goods and services sector. Bin Salamah urged Egyptian industrialists to capitalize on the industrial investment opportunities available in the Kingdom, citing its ambitious plans to establish 24,000 new factories over the next decade.

Federation of Saudi Chambers of Commerce Chairman Hassan Alhwaizy hailed the forum as a crucial milestone in Saudi-Egyptian industrial collaboration, emphasizing the strategic partnership underpinning their economic relations, particularly in the industrial sector.

Federation of Egyptian Industries Chairman Mohamed El-Sewedy stated that current global challenges are accelerating the need for industrial integration between the two countries, strengthening their partnership to tap into the African market's potential.

Saudi-Egyptian Business Council Chairman Bandar Al-Ameri highlighted the substantial growth in trade exchange between Saudi Arabia and Egypt in recent years, fueled by developing economic partnerships between their respective business communities. He emphasized that signing the agreement to protect and encourage mutual investments represents a strategic achievement serving their shared interests.