Monsha’at and Ealakat sign agreement to provide advisory support for SMEs

Saudi Arabia's Monsha'at has entered into a cooperation deal with Ealakat Public Relations and Communications Company to provide expert advisory services for small and medium enterprises (SMEs). Monsha'at, a body responsible for SMEs, has partnered with Ealakat to leverage its specialized knowledge in delivering advisory services to SMEs through Monsha'at Support Centers.

The cooperation aims to bolster SME capabilities, improve their preparedness, and enable them to benefit from professional expertise and best practices. The agreement emphasizes utilizing Ealakat's specialized knowledge to offer consultations for SMEs, supporting skill development, enhancing operational readiness, and increasing their capacity to capitalize on professional experience and practices.

The cooperation encompasses Ealakat providing specialized consultations to beneficiaries of Monsha'at Support Centers via the Nawafeth Monsha'at app. Additionally, Ealakat will offer guides, instructions, and support tools to help SMEs develop their capabilities, equip them with relevant knowledge, expertise, and professional practices.

This agreement is part of ongoing collaboration between Monsha'at and Ealakat to broaden the range of specialized services and expertise available to both entities. It also seeks to strengthen public-private partnerships in supporting the entrepreneurship ecosystem and SMEs in the Kingdom.