Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, has signed a memorandum of cooperation (MoC) with the Jordan Enterprise Development Corporation (JEDCO) of the Hashemite Kingdom of Jordan.

The agreement, signed in the presence of Monsha’at Governor Sami Ibrahim Alhussaini and JEDCO CEO Abdel Fattah Al-Kayed on the sidelines of the Public Investment Fund (PIF) Private Sector Forum, aims at enhancing economic, commercial, and investment cooperation in the small and medium enterprise (SME) sector.

The MoC seeks to increase expertise & knowledge exchange between the two agencies to improve the institutional infrastructure and the SMEs in both countries and organize business visits to improve trade relations between SMEs and training programs.

The deal contributes to advancing technical and innovative cooperation to improve productivity and competitiveness, and it supports the exchange of promotional activities to promote available opportunities for small and medium enterprises, in addition to developing models, policies, and strategies for developing entrepreneurship between the two countries.

Through the agreement with JEDCO, Monsha’at also strives to reach the highest levels of cooperation in various sectors to support entrepreneurs and owners of SMEs in realization of the targets of the Saudi Vision 2030.

On the sidelines of the Private Sector Forum, Monsha’at also signed a Memorandum of Understanding (MoU) with Pakistan to open new doors for SMEs to operate.

The MoU was signed by Ambassador of Pakistan to Saudi Arabia Ahmad Farooq and Governor Monsha’at Sami Ibrahim Alhussaini.