Thursday 13 December 2018

Saudi KAEC to set up $20m capital fund for SMEs

RIYADH, October 17, 2017

The Saudi General Authority for Small and Medium Enterprises has signed a deal with King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, to set up a SR75 million ($20 million) capital fund, reported local news agency SPA.

As per the agreement, the capital fund will be used to help fund entrepreneurs and owners of SMEs operating in KAEC in addition to generating more jobs at those facilities, it added.

Tags: Saudi | SMEs | KAEC | capital fund |

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