Saudi Arabia's Monsha'at Launches Cooperatives Week in Jeddah
Saudi Arabia's General Authority for Small and Medium Enterprises (Monsha'at) has launched the "Cooperatives Week" event at its SME Support Center in Jeddah. The week-long initiative, running from July 6 to July 10, 2025, is designed to support and empower entrepreneurs by highlighting the potential of the cooperative business model.
A Focused Program for Aspiring Cooperatives
The event, held in partnership with the Ministry of Human Resources and Social Development, aims to educate entrepreneurs on the opportunities within the cooperative sector. The week will feature a series of activities, including:
Specialized Workshops on how to establish and manage cooperative entities.
Consultation Sessions providing expert guidance to SME owners.
Success Stories from established entrepreneurs who have built successful cooperative projects.
Networking Opportunities with experts, officials, and peers.
Key Themes: Financing, Rural Development, and Governance
The sessions will delve into crucial topics for the cooperative sector. A key focus will be on financing, with dedicated sessions presented by the Social Development Bank to showcase its funding products tailored specifically for cooperatives. The discussions will also highlight national initiatives like the "Reef Program" to demonstrate how cooperative models can empower rural entrepreneurship, particularly in the agricultural sector.
Monsha'at's Vision for a Collaborative Economy
This initiative is part of Monsha'at's broader strategy to cultivate a dynamic and supportive environment for entrepreneurs in Saudi Arabia. By promoting the cooperative model, Monsha'at aims to provide alternative pathways for business growth, stimulate local economic development, and enhance the competitiveness of Saudi SMEs, directly contributing to the economic diversification goals of Vision 2030.
About Monsha'at
The Small and Medium Enterprises General Authority (Monsha'at) is a government entity in Saudi Arabia established in 2016. Its mandate is to organize, support, and nurture the SME sector to increase its productivity and its contribution to the Kingdom's GDP, in line with the best global practices.
Looking Ahead
Cooperatives Week in Jeddah is a vital platform for raising awareness and building capacity for a business model that holds significant potential for community development and shared economic success. By connecting entrepreneurs with financing bodies and practical knowledge, Monsha'at is paving the way for a more diverse and resilient entrepreneurial landscape in the Kingdom.
Source: Economy Today