Shariah-compliant small and medium enterprises in 海角直播 will be helped to access new markets, thanks to a deal involving the Kingdom鈥檚 leading export organisations, the聽CEO of the聽International Islamic Trade Finance Corporation聽has told Arab News.
Hani Sonbol set out the new products and services available to SMEs in 海角直播, after the ITFC signed a聽tripartite聽Memorandum of Understanding聽with Monsha鈥檃t聽and Saudi EXIM Bank.
Sonbol told Arab News: 鈥淲e are going to provide lots of products to support this very important sector which consist of almost 85 percent of the economy in the Kingdom, in areas that will enable them to access new markets and also access financing from financial institutions and be able to submit bankable projects and so on.
鈥淪MEs need capacity building, some need expertise, some need more training in certain areas, in addition we will also support them with advisory services.
鈥淲e are signing this very important agreement to support the small and medium enterprises in 海角直播, as part of the 2030 vision, we are also trying to support the diversification of exports of the non-oil sector,鈥 he said.
Sonbol clarified that all business聽industries are applicable for this program but 鈥渙f course it has to be Shariah compatible.鈥
The initial agreement was signed on Tuesday April 19聽in Jeddah, in the presence of the Saudi Minister of Commerce聽Majid Al-Qasabi and Bandar AlKhorayef, the Minister of Industry and Mineral Resources.
