The Small and Medium Enterprises General Authority “Monsha’at” signed six memorandums of understanding during the U.S.-Saudi Investment Forum in Washington, D.C., with several companies, including The BTL Group, National Drug Source, Functional Fluidics, Puzzle Healthcare, CircNova, and Alerje.

The MoUs focus on supporting entrepreneurship and innovation across several fields, including technology services, business development, and health technologies. They aim to empower SMEs and strengthen their growth across various technology and innovation sectors.

These agreements come as part of Monsha’at’s efforts to expand its international cooperation in innovation and entrepreneurship, while fostering a collaborative environment for knowledge exchange and sustainable growth for startups, in line with Saudi Vision 2030’s goal of building a diversified knowledge-based economy.

The partnerships also reflect Monsha’at’s commitment to creating an attractive investment environment in promising sectors and strengthening the global presence of Saudi SMEs by connecting them with leading international entities and enabling access to advanced technologies and high-value growth opportunities.