SPA-
In the presence of His Excellency the Minister of Economy and Planning, Mr. Faisal bin Fadel Al-Ibrahim, His Excellency the Deputy Minister of Economy and Planning, Engineer Ammar Naqadi, and the Chairman of the Board of Directors of the Federation of Saudi Chambers, Mr. Abdullah bin Saleh Kamel, the Ministry of Economy and Planning signed a memorandum of understanding with the Federation of Saudi Chambers to enhance joint cooperation in economic and development fields, support the private sector, and empower small and medium-sized enterprises (SMEs).
The memorandum aims to develop joint economic studies and research, exchange data and analyses, and support programs and initiatives aimed at promoting entrepreneurship, in addition to studying the challenges facing the private sector and working to address them.
The memorandum also includes cooperation in the areas of regional and sectoral development, developing training programs to enhance workforce skills and align educational outcomes with labor market needs, in addition to organizing workshops and consultative meetings with the private sector, and supporting efforts in sustainability, innovation, technology, and sustainable finance.
The memorandum was signed on behalf of the Ministry of Economy and Planning by the Undersecretary for Sectoral and Regional Development Affairs, Ms. Farah bint Ahmed Ismail, and on behalf of the Federation of Saudi Chambers by its Secretary-General, Mr. Sultan bin Mohammed Al-Musallam.