黑料社区

Saudi 惭辞苍蝉丑补鈥檃迟, NCIM ink deal to empower SMEs

Saudi 惭辞苍蝉丑补鈥檃迟, NCIM ink deal to empower SMEs
The deal was signed at Biban Forum 2025. Supplied
Short Url
Updated 12 sec ago

Saudi 惭辞苍蝉丑补鈥檃迟, NCIM ink deal to empower SMEs

Saudi 惭辞苍蝉丑补鈥檃迟, NCIM ink deal to empower SMEs

RIYADH: 黑料社区鈥檚 Small and Medium Enterprises General Authority, also known as聽惭辞苍蝉丑补鈥檃迟, has signed a deal with the National Center for Inspection and Monitoring to foster collaboration in key areas such as conducting targeted studies.

Signed during the Biban Forum 2025, organized by 惭辞苍蝉丑补鈥檃迟 in Riyadh from Nov. 5 to 8,聽the memorandum of understanding aims to further empower SMEs operating in the Kingdom. It will also explore tackling challenges faced by SMEs, and hosting workshops to promote awareness of legal and regulatory compliance procedures.

This falls in line with Vision 2030鈥檚 target to increase SME contributions to gross domestic product from 30 percent to 35 percent. With more than 1.8 million SMEs operating in the Kingdom, supporting this sector financially is seen as not聽only a policy goal but a macroeconomic necessity.

It also aligns well with how in 2024, 黑料社区 led the Middle East in venture capital funding for SMEs, securing roughly $750 million.

The newly released statement said: 鈥淭he signing of this MoU aligns with NCIM鈥檚 mission to coordinate inspection and monitoring efforts across government entities, enhance regulatory efficiency, and enhances private sector compliance with relevant regulatory standards.鈥

It added: 鈥淭he MoU was signed by Turki bin Nasser Al-Dahmash, Vice President of Inspection Agencies at NCIM, and Suleiman bin Abdulrahman Al-Turaif, Deputy Governor for Planning and Development at 惭辞苍蝉丑补鈥檃迟.鈥

Lending to small, medium, and micro-enterprises in 黑料社区 reached a record SR420.7 billion ($112.18 billion) by the end of the second quarter of 2025, up 37 percent from the same period of the previous year, official data released in October showed.聽

This showed an increase of more than SR113.3 billion compared with the second quarter of 2024, when SME facilities stood at SR307.4 billion, the Saudi Press Agency reported at the time, citing data from the Saudi Central Bank, also known as SAMA.

According to 惭辞苍蝉丑补鈥檃迟, medium enterprises are defined as those with revenues between SR40 million and SR200 million or 50鈥249 employees. Small enterprises have revenues of SR3 million to SR40 million, or six to 49 employees, while micro enterprises generate less than SR3 million or employ one to five people.


Global tourism leaders call for smarter ways to manage crowds, inspire discovery

Global tourism leaders call for smarter ways to manage crowds, inspire discovery
Updated 19 sec ago

Global tourism leaders call for smarter ways to manage crowds, inspire discovery

Global tourism leaders call for smarter ways to manage crowds, inspire discovery

RIYADH: Global tourism leaders gathered at the TOURISE conference at the King Abdulaziz International Conference Center on Nov. 11 to explore strategies for managing crowds and fostering discovery in travel.

The session, 鈥淒ispersion: Inspiring Discovery and Managing Crowds,鈥 moderated by Noor Nugali, deputy editor-in-chief of Arab News, brought together executives from Japan, Switzerland, Europe, and Interbrand.

Each highlighted how artificial intelligence, data, and creative planning are reshaping the meaning of sustainable tourism.

Eijiro Yamakita, president and CEO of Japan鈥檚 JTB Corp., said digital systems are helping reduce congestion at tourist sites. Japan鈥檚 time-slot management program, he explained, has allowed visitors to avoid long queues while enhancing the overall experience.

鈥淭here was a huge cue, like a two hours waiting time. But by introducing time store management people don鈥檛 have to wait,鈥 he said.

He added that Japan is combining smart scheduling with improved mobility planning, including the use of electric vehicles to access remote areas and expanding parking hubs near major attractions to reduce environmental impact.

Martin Nydegger, CEO of Switzerland Tourism, emphasized that travelers will always want to see the country鈥檚 iconic landmarks but should also be encouraged to explore lesser-known destinations. Switzerland鈥檚 approach now focuses on lengthening visitor stays and distributing demand more evenly across regions.

鈥淚t would be irresponsible of me to tell a first-time visitor to Switzerland, 鈥榙on鈥檛 go and see the Matterhorn,鈥欌 he said. 鈥淏ut what I certainly would say is don鈥檛 make this your sole reason to visit.鈥

鈥淲e really want to do whatever we can to make sure people invest enough time to stay in the country, because then you can combine the hotspots, the really great spots, you also want to come back and show your pictures and tell your stories about.鈥 he added.

Eduardo Santander, CEO of the European Travel Commission, stressed that managing tourism in Europe is about shifting perspectives rather than restricting movement. He noted that while the continent鈥檚 infrastructure has limits, visitors can be inspired to explore beyond the usual hotspots.

鈥淭here鈥檚 a beautiful other Europe that you have yet to discover, and I agree with Martin, you cannot tell people what to do,鈥 he said, adding that destinations should focus on highlighting lesser-known regions rather than limiting travelers.

Gonzalo Brujo, Global CEO and President of Interbrand, highlighted that technology and changing social behaviors will redefine leisure time and travel patterns.

鈥淚 expect that in 10 years from now, probably we would be working four days a week... We have three days to have fun, and maybe we can buy houses in other locations, in other countries, we can spend more money in travel and leisure.鈥

The panel concluded that collaboration among governments, operators, and technology companies is key to promoting tourism growth while avoiding overcrowding.

The discussion aligned with 黑料社区鈥檚 broader tourism vision, which aims to expand travel beyond major cities and encourage visitors to explore heritage sites, natural landscapes, and emerging destinations across the Kingdom鈥攁 model many speakers said could shape the future of global tourism.