The Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, known as Monsha’at, has forged a strategic partnership with the Jordan Enterprise Development Corporation (JEDCO) of the Hashemite Kingdom of Jordan. The memorandum of cooperation (MoC), signed today at the Public Investment Fund (PIF) Private Sector Forum, marks a significant step towards bolstering economic, commercial, and investment ties in the small and medium enterprise (SME) sector between the two nations.
In the presence of Monsha’at Governor Sami Ibrahim Alhussaini and JEDCO CEO Abdel Fattah Al-Kayed, the agreement aims to facilitate the exchange of expertise, enhance institutional infrastructure, and elevate SMEs in both Saudi Arabia and Jordan. Among its key objectives are the organisation of business visits to foster trade relations among SMEs, the implementation of training programmes, and the promotion of technical and innovative cooperation to boost productivity and competitiveness.
The partnership highlights a commitment to supporting entrepreneurship and SME owners in line with the objectives of Saudi Vision 2030. By fostering collaboration in various sectors and exchanging promotional activities, Monsha’at and JEDCO aim to create a conducive environment for SME growth and development, ultimately contributing to the economic prosperity of both nations.