Middle East Daily
    Hot News
    Business

    Panasonic Announces FY24 Business Strategy For Sustained Growth in Middle East and Africa 

    Business

    CNTXT Partners with AI71 at GITEX Global 2024 to Enhance UAE’s AI Data Landscape

    Lifestyle

    Discover Authentic Japanese Flavors: Dubai’s Must-Visit Dining Spots

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Wednesday, May 21
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness

      FIA PRESIDENT BEN SULAYEM NOMINATES MALCOLM WILSON OBE AS CANDIDATE FOR DEPUTY PRESIDENT FOR SPORT

      Nader Abu-Yaghi appointed Director of Healthcare Services for “Pyramids Health” and “Ability Rehabilitation Medical Center”

      Declaration on longevity and precision medicine launched at Abu Dhabi Global Health Week

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

    • Business

      Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer

      Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia

      SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

      AUTONOMOUS A2Z Becomes First Korean Company to Obtain Singapore’s M1 Autonomous Vehicle License

      MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness

    • Technology

      Meta AI App goes live in MENA

      CNTXT AI Unveils Munsit: The Most Accurate Arabic Speech Recognition Model

      New York City Dermatologist Brings Revolutionary Hair Loss Treatments to Dubai

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

      Terra Drone and Aramco Forge Strategic MOU to Advance Drone Innovation and Localization in Saudi Arabia

    • Lifestyle

      Ajman Department of Tourism Development launches ‘Ride for the Community 2025’ initiative to advance sustainable community goals

      New York City Dermatologist Brings Revolutionary Hair Loss Treatments to Dubai

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

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

      UAE’s first-ever Woman Grandmaster Rouda Essa Alserkal to play the Norway Chess Open 2025

    Breaking News:
    • Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer
    • Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia
    • SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More
    • AUTONOMOUS A2Z Becomes First Korean Company to Obtain Singapore’s M1 Autonomous Vehicle License
    • MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness
    • The International Pediatric Science conference takes off
    • 10 Korean STEM Fellows Engage with UAE National Experts on Future Cooperation
    • Alchemist Doha, Startup Grind Qatar unite to strengthen local startup ecosystem
    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

    Business

    Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer

    Business

    Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia

    Business

    SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

    Business

    AUTONOMOUS A2Z Becomes First Korean Company to Obtain Singapore’s M1 Autonomous Vehicle License

    Business

    MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness

    Business

    The International Pediatric Science conference takes off

    Business

    10 Korean STEM Fellows Engage with UAE National Experts on Future Cooperation

    Business

    Alchemist Doha, Startup Grind Qatar unite to strengthen local startup ecosystem

    Add A Comment

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    Panasonic Announces FY24 Business Strategy For Sustained Growth in Middle East and Africa 

    Dubai, United Arab Emirates: Panasonic Marketing Middle East & Africa (PMMAF) today revealed that it…

    Business

    Sauce Capital Hits 1 Million Orders, UAE’s Food Tech Company Pursues Further Expansion

    Abu Dhabi, UAE – February 2024– Sauce Capital, an Abu Dhabi-based food tech company, hits…

    Business

    Fakeeh University Hospital – Dubai Earns Prestigious 5-Star Global Hospital Rating from Newsweek and Statista

    Fakeeh University Hospital – Dubai has been honored with a coveted 5-star rating in the…

    Business

    Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility To Accelerate Electric Air Taxi Services In The UAE

    CRISALION Mobility, a European leader in the development of efficient, safe and sustainable electric mobility solutions,…

    Business

    ITA announces partnerships in the MENA region to advance green industry

    The Industrial Transition Accelerator (ITA) has announced partnerships with governments of the UAE and Bahrain…

    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 (226)
    • Lifestyle (104)
    • News (109)
    • Technology (68)
    Top Insights
    News

    Lasering Lava To Forecast Volcanic Eruptions

    Business

    ROLLS-ROYCE MOTOR CARS ABU DHABI TAKES HOME THE ‘ENGAGE’ AWARD AT THE REGIONAL DEALER CONFERENCE

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

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