Middle East Daily
    Hot News
    Lifestyle

    Unforgettable Eid Concert: Hadise to Perform Live at Rixos Radamis Sharm El Sheikh

    Business

    WWT and NXT Global collaborate to bring one-of-a-kind Integration Center to Abu Dhabi’s Masdar City

    News

    Newcastle Signs Ac Milan’s Sandro Tonali Ahead Of Champions League Comeback

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Saturday, June 28
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App

      Oman’s finance and leasing sector supports economic diversification under Vision 2040

      Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem

      The UAE Lottery announces membership in the World Lottery Association

      Grab 15% off with Jazeera Airways J9PAYDAY

    • Business

      Oman’s finance and leasing sector supports economic diversification under Vision 2040

      EToro launches target-date portfolios in partnership with Franklin Templeton

      The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond

      Du and China Mobile International explore 5G Advanced connectivity for metro projects

      Endava launches global advisory board amid AI-driven transformation

    • Technology

      Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App

      Du and China Mobile International explore 5G Advanced connectivity for metro projects

      QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens

      CASIO Middle East & Africa Marks Six Decades of Calculator Legacy

      RM of BTS Becomes Samsung Art TV Global Ambassador

    • Lifestyle

      The UAE Lottery announces membership in the World Lottery Association

      Grab 15% off with Jazeera Airways J9PAYDAY

      CASIO Middle East & Africa Marks Six Decades of Calculator Legacy

      RM of BTS Becomes Samsung Art TV Global Ambassador

      Solena The Orchard Place, Dubai’s Premier European-inspired community with a GDV of AED850mln

    Breaking News:
    • Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App
    • Oman’s finance and leasing sector supports economic diversification under Vision 2040
    • Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem
    • EToro launches target-date portfolios in partnership with Franklin Templeton
    • The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond
    • Du and China Mobile International explore 5G Advanced connectivity for metro projects
    • Endava launches global advisory board amid AI-driven transformation
    • QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens
    Middle East Daily
    Home » Oxford Business Group partners with Kafalah to highlight the vital role of MSMEs in driving economic transformation in Saudi Arabia
    Business

    Oxford Business Group partners with Kafalah to highlight the vital role of MSMEs in driving economic transformation in Saudi Arabia

    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Saudi Arabia’s MSME finance ecosystem at the heart of economic diversification and financial inclusion efforts

    Saudi Arabia, February 2025: The pivotal role of Saudi Arabia’s finance ecosystem for micro, small, and medium-sized enterprises (MSMEs) in advancing the Kingdom’s economic diversification and financial inclusion objectives is explored in a new report released by Oxford Business Group (OBG), in collaboration with the Kafalah programme.

    Titled, “MSME Empowerment in Saudi Arabia,” the report examines the country’s strategic efforts to drive the growth of MSMEs by improving access to finance and fostering entrepreneurship. It highlights how the Kingdom is leveraging tailored financial solutions to support the expansion of MSMEs, with a focus on high-potential sectors such as technology, tourism, culture and entertainment.

    In particular, the report highlights the work of the Kafalah programme in expanding loan guarantees, enabling MSMEs to overcome financial barriers and drive private sector employment. It explores Kafalah’s products that are tailored to support high-potential sectors, thereby boosting economic diversification and resilience.

    MSMEs are at the forefront of Saudi Arabia’s economic transformation, contributing significantly to job creation, GDP growth and innovation. The report outlines how the Kingdom is empowering small businesses to unlock opportunities in emerging sectors. This focus on financial inclusion and business growth is enhancing Saudi Arabia’s economic resilience and establishing the Kingdom as a dynamic and competitive global economy.

    Looking ahead, the report explores how Kafalah’s innovative financing solutions, forward-looking initiatives, and focus on digital transformation should further fuel MSME expansion in the domestic market and help emerging businesses to capitalise on opportunities for foreign trade.

    Commenting on the findings, Busra Karacadag, Country Director for Saudi Arabia at Oxford Business Group, noted the vital role of MSMEs in the Kingdom’s transformation.

    “This report sheds light on the crucial role that the MSME finance ecosystem is playing in driving economic diversification and job creation in Saudi Arabia. By developing financial tools and services that meet the specific needs of small businesses, the country is fostering a more dynamic, inclusive economy in line with Vision 2030,” Karacadag said.

    Homam Hashem, Kafalah’s CEO, highlighted the opportunities for MSMEs in Saudi Arabia’s rapidly evolving economy.

    “As the economy diversifies under Vision 2030, MSMEs can gain access to new markets and investment opportunities. Additionally, the focus on digital transformation helps MSMEs to adopt new technologies and improve their competitiveness, positioning them well for future economic shifts,” Hashem said.

    The “MSME Empowerment in Saudi Arabia” report provides a comprehensive overview of the country’s efforts to create a conducive environment for MSME growth, ensuring that emerging businesses are well-positioned to contribute to the Kingdom’s future economic success.

    The special report is now available to view and download at: https://oxfordbusinessgroup.com/reports/report-how-is-saudi-arabia-boosting-economic-diversification-through-msme-empowerment-focus-report/

    About Oxford Business Group

    Oxford Business Group (OBG) is a global research and advisory company with a presence in over 30 countries, spanning Africa, the Middle East, Asia, and the Americas. It is recognised internationally as a distinctive and respected provider of on-the-ground intelligence on world’s fastest-growing markets, termed The Yellow Slice, in reference to OBG’s corporate colour. 

    Through its range of products – Economic News and Views; OBG CEO Surveys; OBG Events and Conferences; Global Platform, which hosts exclusive video interviews; and The Report publications – as well as its Advisory division, OBG offers comprehensive and accurate analysis of macroeconomic and sector-level developments for sound investment opportunities and business decisions. 

    OBG provides business intelligence to its subscribers through multiple platforms, including its direct subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv’s (previously Thomson Reuters) Eikon subscribers, and more.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    News

    Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App

    Business

    Oman’s finance and leasing sector supports economic diversification under Vision 2040

    News

    Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem

    Business

    EToro launches target-date portfolios in partnership with Franklin Templeton

    Business

    The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond

    Business

    Du and China Mobile International explore 5G Advanced connectivity for metro projects

    Business

    Endava launches global advisory board amid AI-driven transformation

    Business

    QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Lifestyle

    Why Endless’s New Platform Is the Fashion Reset Dubai Has Been Waiting For

    The UAE’s leading circular fashion platform launches an elevated online experience designed for the modern,…

    Business

    Timemachine Lift Thread Acquires Patent for Anchoring Dual Cog PDO Thread Lifting Design

    As the trend towards youthful and firm skin continues to grow, various aesthetic procedures to…

    Lifestyle

    HH Shaikha Jawaher Khalifa Al Khalifa Hosts Enchanting Suhoor Gathering in Dubai

    HH Sheikha Jawaher Khalifa Al Khalifa graciously hosted a captivating Suhoor at the prestigious Raffles…

    Business

    The Expansion of a Practical Visioned Technology Development Company into the Middle East – Occudiz

    Dubai, United Arab Emirates – 02 March 2023: Occudiz, a technology development company established in…

    Lifestyle

    DWTC’s Ramadan Majlis features unique Iftar and Suhour experiences

    Dubai World Trade Centre (DWTC) continues to welcome residents, businesses and tourists to its celebrated Ramadan Majlis for an…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (280)
    • Lifestyle (116)
    • News (124)
    • Technology (76)
    Top Insights
    Lifestyle

    Lucibel.Le Presents Its Revolutionary OVE Mask At Beautyworld Middle East 2023

    Business

    Abu Dhabi Sustainable Business Leadership Forum 2025 Focuses on Leveraging AI to Combat Climate Change and Biodiversity Loss

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.