The Small and Medium Enterprises General Authority “Monsha’at” signed a memorandum of understanding with the Sustainable Rural Agricultural Development Program (Saudi Reef), witnessed by His Excellency the Vice Minister of Environment, Water and Agriculture, Engineer Mansour bin Hilal Almushaiti, to strengthen joint cooperation in empowering the entrepreneurship ecosystem for small farmers, support them in establishing SMEs, and contribute to improving living standards in the Saudi countryside, in line with the objectives of Saudi Vision 2030.

Saudi Reef was represented at the signing of the memorandum by the program’s Secretary-General, Engineer Ghassan Bakri, while Monsha’at was represented by the Vice Governor for Planning and Development, Sulaiman bin Abdulrahman Altarif.

The memorandum aims to exchange practical and scientific expertise between the two parties, establish projects to develop the entrepreneurship environment, cooperate on addressing the challenges facing SMEs, and work to raise awareness of entrepreneurship, in addition to supporting and activating various entrepreneurship activities.

The memorandum comes as part of supporting the entrepreneurship sector in the Kingdom, activating the participation of small farmers and productive rural families in entrepreneurship programs and initiatives, and enabling them to develop their small and medium projects, contributing to the growth and development of the Saudi countryside, improving the lives of small farmers, and increasing their income, which in turn contributes to supporting the national economy.