Riyadh - Sharikat Mubasher: Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) launched 19 accelerators across various sectors to foster the national economy, Sami Alhussaini, Governor of Monsha’at, announced.

In a panel session during the Private Sector Forum (PSF), organized by the Islamic Development Bank Group (IsDB Group), Alhussaini affirmed the authority’s commitment to supporting entrepreneurs by providing necessary services and programs that meet their needs.

He clarified that Monsha'at provides its services electronically to benefit more entrepreneurs across the Kingdom, notably Monsha’at Academy which has offered online training programs to more than 201,000 beneficiaries since its launch.

Monsha’at provided diverse programs and initiatives to foster male and female university students, including six university project accelerators and 22 entrepreneurship camps that benefited over 280,000 individuals, the governor noted.

Moreover, Alhussaini highlighted the pivotal role of the Nawafth Monsha’at application in fostering enterprises at different stages by offering a full suite of services, consultancies, and guidance programs.