Monsha'at And Saudi Falcons Club Collaborate To Enhance Falconry Entrepreneurship And Support SMEs

The Small and Medium Enterprises General Authority (Monsha'at) and the Saudi Falcons Club have formalised a partnership to bolster entrepreneurship and support small and medium enterprises (SMEs). This collaboration was sealed with a memorandum of understanding (MoU) during the International Saudi Falcons and Hunting Exhibition at the Riyadh Exhibition and Convention Center in Malham, north of Riyadh. The agreement aims to utilise both parties' expertise to advance Saudi Vision 2030 goals, such as economic diversification and increasing SMEs' GDP contribution.

This MoU focuses on strengthening institutional ties to support entrepreneurs by exchanging expertise, developing joint initiatives, and promoting entrepreneurship awareness. It also seeks to expand economic participation in industries related to falconry and hunting. The cooperation includes identifying joint project opportunities, enhancing entrepreneurial skills, and implementing programs that empower youth in local production.

Highlighting national success stories is another key aspect of this partnership. These stories aim to inspire entrepreneurs to venture into new business fields. By doing so, the MoU reflects a shared commitment to unify efforts in supporting the national economy. Monsha'at continues its role in regulating the SME ecosystem and boosting productivity.

The Saudi Falcons Club aims to broaden its economic and social impact through investment initiatives linked to cultural heritage. This approach opens new opportunities for entrepreneurs within this growing sector. The club's efforts align with Monsha'at's mission to develop the SME landscape further.

Both organisations are committed to leveraging their resources for mutual benefit. By working together, they aim to create a supportive environment for SMEs that aligns with broader national objectives. This partnership is expected to foster innovation and drive economic growth across various sectors.

The collaboration between Monsha'at and the Saudi Falcons Club underscores their dedication to empowering SMEs. Through this MoU, they aim to enhance youth participation in local industries while promoting sustainable economic development. This initiative is a significant step towards achieving the ambitious targets set by Saudi Vision 2030.

With inputs from SPA