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Saudi Arabia Sees Greater Role for SMEs in National Economy

Saudi Arabia is working on raising the contribution of SMEs to the national economy. (Reuters)
Saudi Arabia is working on raising the contribution of SMEs to the national economy. (Reuters)
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Saudi Arabia Sees Greater Role for SMEs in National Economy

Saudi Arabia is working on raising the contribution of SMEs to the national economy. (Reuters)
Saudi Arabia is working on raising the contribution of SMEs to the national economy. (Reuters)

Saudi Arabia is working on raising the contribution of small and medium enterprises to the national economy.

It is also working on improving the present SMEs programs and entrepreneurs in order to develop these enterprises.

SMEs are now presented with a real opportunity to develop their work and increase their contribution to the Kingdom’s economy.

This comes at a time when the Small and Medium Enterprises General Authority (Monsha’at) is working on several of sophisticated programs that will push forward the role of SMEs.

To this end, Monsha’at launched a campaign to introduce the programs and services it is providing to SMEs and entrepreneurs.

Monsha'at chief Saleh Al-Rasheed said that the campaign aims to clarify the role of enterprises in developing and sponsoring the SMEs sector through implementing and supporting programs and projects.

It is also reinforcing intellectual and cultural roles aimed at developing free work, entrepreneurship, innovation and the diversification of sources of financial support.

Rasheed stressed Monsha'at’s vision to make the SMEs an essential driver of economic development in the Kingdom and a major player in the achievement of Saudi Vision 2030.

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Aramco Inaugurates Regional Center for Sustainable Fishery Development on Abu Ali Island

tthe inauguration of the regional center for sustainable fishery development, Arabian Gulf branch, was made in cooperation with the Ministry of Energy and the Ministry of Environment, Water and Agriculture. Aramco
tthe inauguration of the regional center for sustainable fishery development, Arabian Gulf branch, was made in cooperation with the Ministry of Energy and the Ministry of Environment, Water and Agriculture. Aramco
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Aramco Inaugurates Regional Center for Sustainable Fishery Development on Abu Ali Island

tthe inauguration of the regional center for sustainable fishery development, Arabian Gulf branch, was made in cooperation with the Ministry of Energy and the Ministry of Environment, Water and Agriculture. Aramco
tthe inauguration of the regional center for sustainable fishery development, Arabian Gulf branch, was made in cooperation with the Ministry of Energy and the Ministry of Environment, Water and Agriculture. Aramco

Saudi Aramco announced on Thursday the inauguration of the regional center for sustainable fishery development, Arabian Gulf branch, in cooperation with the Ministry of Energy and the Ministry of Environment, Water and Agriculture.

Through this collaboration, Saudi Aramco aims to highlight its investments in citizenship initiatives and its efforts to drive economic growth, support local fishermen and their livelihoods, build expertise, and adopt the best practices to enhance production and cultivate fish of marketable sizes that can compete globally.

The center is part of the company's broader efforts to protect marine life in the Arabian Gulf. It involves the establishment of a fish hatchery on Abu Ali Island in Jubail, located on the Arabian Gulf coast, designed to produce local fish species that have experienced population declines due to fishing practices and to reintroduce them into Gulf waters.

The center's operations are designed to encompass the complete fish life cycle within designated tanks, from broodstock for egg production to larval rearing using plankton produced on-site and finally to the release of juvenile fish into the Arabian Gulf. The hatchery employs advanced aquaculture technologies to ensure fish health, and it utilizes top-tier water recycling techniques to enhance performance and meet the company's circular economy objectives.

The project aligns with Saudi Aramco's mangrove plantation initiative, under which more than 43 million trees have been planted to date. Mangrove forests provide vital nursery habitats for the juvenile fish released into the Gulf, further supporting the sustainability of marine ecosystems.