Important news about businesses Saudi Arabia Small and Medium Enterprises Pi News

Riyadh: Small and medium enterprises in Saudi Arabia have increased by 15%.

According to the details, the Saudi Public Authority Manshaat has released its first quarterly report on small and medium enterprises.

The report said that the number of small and medium-sized enterprises has reached 752,560.

The average annual income of small and medium sized cultural, recreational and sports organizations was recorded at 2.4 million riyals per annum. ۔

According to the report, in the construction sector, small and medium-sized enterprises engaged in retail and wholesale business and trading in food and beverages received the most funds.

In the second place, the companies in the rent-a-sector have received more funds, while more than 64,000 businesses have received funding of more than 100 billion riyals.