The empowerment of micro-, small and medium-sized enterprises (MSMEs) in Saudi Arabia is key to driving economic diversification and resilience. The Kingdom has laid out strategic foundations to support MSME growth, recognising their role in creating a more dynamic and inclusive economy. By fostering an environment that enables MSMEs to expand, the country aims to unlock their full potential as contributors to GDP and job creation. One critical aspect of this effort is enhancing the MSME finance ecosystem, ensuring businesses can access the financial tools necessary for growth. To this end, Kafalah plays a key role in facilitating access to finance for MSMEs in the Kingdom by issuing loan guarantees. Such initiatives align with Saudi Arabia’s broader development path under Vision 2030, which emphasises economic transformation through support for entrepreneurship, innovation and sustainable growth.
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