Asharqia Chamber and Facilities Authority sign memorandum of understanding to support and improve the growth of "small and medium Institutions"

​Aims to establish a suitable environment for institutions improvement.

               Asharqia Chamber and the General Authority for Small and Medium institutions signed a Memorandum of Understanding for cooperation between the two sides aimed at cooperating to implement capacity building training programs for small and medium institutions and cooperation in the field of motivating and supporting the establishment and development of small and medium institutions.
    The memorandum was signed by Dr. Ghassan bin Ahmed Al Sulaiman, head of the General Authority for Small and Medium institutions, and Deputy Chairman of the Board of Directors of Asharqia Chamber Muhammed bin Saad Al Farraj of the award event for Dr. Ghazi Al Gosaibi,
    Al Farraj said that it was agreed to form a working team specialized from both parties to do what is necessary to put areas of cooperation in place, pointed to the importance of the small and medium institutions sector in supporting the national economy, pushing the development process, positive impact on economic and social levels, Exports, and creating new job opportunities for Saudi youth.
    Al Farraj explained the effect of the sector on the opening of new labor markets, diversifying sources of income and expanding the productivity base in line with the achievement of the Kingdom's Vision 2030. The General Authority for Small and Medium institutions aims to organize, support and sponsor the sector in the Kingdom, Its cooperation with the Chamber will improve the mechanism of action in accordance with the best international practices to increase the productivity of these enterprises and increase their contribution to the Small and Medium institutions and increase the absorptive capacity of the Saudi economy, leading to job generating and creating for the national workforce.