Saudi Arabia: New Investment Bank for SMEs to be Established

Saudi Arabia’s Trade and Investment Minister has announced a new bank for Small and Medium Enterprises will be established. The Minister confirmed permission to open the bank has been issued and relevant bodies will have to cooperate with the International Bank to prepare the necessary study. He added the law for Competition and Procurement are being finalised and will empower SMEs.

Leave a Reply

Your email address will not be published. Required fields are marked *