The Small and Medium Enterprises General Authority “Monsha’at” signed a memorandum of understanding with the French Business Development Agency (Business France) on the sidelines of the Biban 2025 forum, currently being held in Riyadh under the theme A Global Destination for Opportunities.

The memorandum aims to design specialized capacity-building and development programs, organize joint workshops, and connect Saudi and French companies seeking international expansion with business accelerators and incubators in Saudi Arabia and France, strengthening integration between the two countries’ entrepreneurship ecosystems.

The Governor of Monsha’at, Sami bin Ibrahim Al Hussaini, signed the memorandum, alongside Axel Baroux on behalf of the French Business Development Agency.

This partnership reflects Monsha’at’s commitment to expanding international cooperation and enabling SMEs to benefit from global experiences and expertise, strengthening their competitiveness and opening wider horizons for growth and expansion.