Saudi Arabia’s Monsha’at Partners with X to Support Digital Transformation

General Authority for Small and Medium Enterprises (Monsha’at) logo
General Authority for Small and Medium Enterprises (Monsha’at) logo
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Saudi Arabia’s Monsha’at Partners with X to Support Digital Transformation

General Authority for Small and Medium Enterprises (Monsha’at) logo
General Authority for Small and Medium Enterprises (Monsha’at) logo

Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha’at) collaborated with X Development company during the Biban 24 forum to provide specialized training programs and innovative digital transformation solutions.
Representatives from Monsha’at and X signed the agreement, underscoring their commitment to advancing the digital business environment and empowering Small and Medium Enterprises (SMEs) to achieve their objectives under Vision 2030.
Through this partnership, Monsha’at aims to equip entrepreneurs and SMEs with essential digital skills and knowledge to enhance their market competitiveness and adapt to rapid changes in the business landscape.
The agreement facilitates SME access to cutting-edge technology solutions, boosting their ability to stay competitive and preparing them to meet evolving business challenges. It also establishes an innovative entrepreneurial ecosystem that supports digital transformation and offers comprehensive training opportunities for entrepreneurs. These programs combine practical training with technical support, promoting sustainable growth for the SME sector.



France, Germany, Sweden Urge EU Battery Sector Push to Avoid China Reliance

Deputy Prime Minister of Sweden Ebba Busch addresses the "Summit of the Future" in the General Assembly Hall at United Nations Headquarters in New York City, US, September 22, 2024. REUTERS/David Dee Delgado/File Photo
Deputy Prime Minister of Sweden Ebba Busch addresses the "Summit of the Future" in the General Assembly Hall at United Nations Headquarters in New York City, US, September 22, 2024. REUTERS/David Dee Delgado/File Photo
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France, Germany, Sweden Urge EU Battery Sector Push to Avoid China Reliance

Deputy Prime Minister of Sweden Ebba Busch addresses the "Summit of the Future" in the General Assembly Hall at United Nations Headquarters in New York City, US, September 22, 2024. REUTERS/David Dee Delgado/File Photo
Deputy Prime Minister of Sweden Ebba Busch addresses the "Summit of the Future" in the General Assembly Hall at United Nations Headquarters in New York City, US, September 22, 2024. REUTERS/David Dee Delgado/File Photo

France, Germany and Sweden called on the incoming European Commission on Thursday to ensure the future of battery production in Europe and avoid relying on China to meet its needs for the green transition.

In a paper released ahead of an EU ministers' meeting to discuss EU competitiveness on Thursday, the three EU members said European battery companies faced common challenges of scaling up in a global playing field that was not level.

The EU needs to cut red tape, speed up approval processes, create better routes to funding and markets for new companies in the sector and allocate more EU funding for the battery industry, they said.

"If we are to succeed with the green transition we need to get the European battery sector flying and taking a proper share of the market," Swedish Industry Minister Ebba Busch told reporters before the meeting in Brussels, Reuters reported.

The issue is acute for Sweden after Northvolt filed for Chapter 11 bankruptcy protection in the United States last week. The Swedish government has repeatedly said it won't invest in Northvolt to save the company, which has been Europe's biggest hope for an electric vehicle battery champion.

Busch said a strong message from Brussels that European battery making had a solid future would increase the chances for Northvolt to secure new capital from other sources.

China has taken a huge lead in powering EVs, controlling 85% of global battery cell production, International Energy Agency data shows. Busch said the European Union needed to learn from its previous reliance on Russian gas and not become dependent again on an economic rival.

"The green transition might end up becoming a Chinese transition in Europe... Just look at solar cell or wind power sector, a lot of that has been taken over by third-country investment," she said.

The new European Commission, which takes over on Dec. 1, plans in its first 100 days to issue an outline of how the bloc can compete economically while meeting its climate targets.

Busch said the three countries behind the paper were calling for improved regulation to promote new projects and conditions to allow companies to scale up.

German state secretary Berhard Kluttig said the EU also needed to look to sources other than China for key raw material inputs.

"There are many options, Australia, Canada and even Europe, we have lithium projects, so it is also important that we focus on these alternative sources for battery materials," he said.