UAE Insider
    What's Hot
    Business

    MENA’s leading gaming and esports agency, Power League Gaming, launches “Flux” to help brands enter the fast growing space with lower cost solutions

    Business

    From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon

    Business

    Doer Market Expands to Accept Expert Blockchain and Crypto Service Providers

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Monday, May 26
    UAE Insider
    • Home
    • News

      SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

      Saudi Arabia unveils groundbreaking AI venture, Humain, prior to Trump’s Visit

      Absolute Barbecues – Dubai’s Most Loved BBQ Spot Celebrates Over 10 Years of Sizzle

      The Environment Agency – Abu Dhabi Issues a Resolution Specifying Areas where Drilling of New Groundwater Wells is Prohibited

      Greenpeace MENA, Ajman University, and UAE Universities Climate Network Celebrate ‘Wellbeing Economy Award’ Winners

    • Business

      Google launches second ‘AI First’ accelerator for MENA, Turkiye startups

      Emirates NBD GenAI Summit brings together industry leaders to discuss the future of GenAI-powered finance

      From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon

      MaxAB-Wasoko acquires Fatura as EFG Finance joins board

      Sylndr closes $15.7 million Series A to drive automotive innovation in Egypt

    • Life

      BEN SULAYEM GUIDES FIA TO FINANCIAL TURNAROUND, MARKING NEW ERA OF GROWTH AND STABILITY

      Youmi Beauty Launches Made for Me – A Customizable Haircare Ritual Rooted in Romance, Innovation & Individuality

      UAE Breaks New Ground in Sustainability on Earth Day: 5.8 Million Litres Harvested from Air and 11.6 Million Plastic Bottles Eliminated

      Absolute Barbecues – Dubai’s Most Loved BBQ Spot Celebrates Over 10 Years of Sizzle

      Bahrain to Host the Global Brush Exhibition Featuring 100 International Artists

    Facebook Twitter Instagram Pinterest
    UAE Insider
    Home » Oxford Business Group partners with Kafalah to highlight the vital role of MSMEs in driving economic transformation in Saudi Arabia
    Business

    Oxford Business Group partners with Kafalah to highlight the vital role of MSMEs in driving economic transformation in Saudi Arabia

    Facebook Twitter Pinterest WhatsApp LinkedIn
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Saudi Arabia’s MSME finance ecosystem at the heart of economic diversification and financial inclusion efforts

    Saudi Arabia, February 2025: The pivotal role of Saudi Arabia’s finance ecosystem for micro, small, and medium-sized enterprises (MSMEs) in advancing the Kingdom’s economic diversification and financial inclusion objectives is explored in a new report released by Oxford Business Group (OBG), in collaboration with the Kafalah programme.

    Titled, “MSME Empowerment in Saudi Arabia,” the report examines the country’s strategic efforts to drive the growth of MSMEs by improving access to finance and fostering entrepreneurship. It highlights how the Kingdom is leveraging tailored financial solutions to support the expansion of MSMEs, with a focus on high-potential sectors such as technology, tourism, culture and entertainment.

    In particular, the report highlights the work of the Kafalah programme in expanding loan guarantees, enabling MSMEs to overcome financial barriers and drive private sector employment. It explores Kafalah’s products that are tailored to support high-potential sectors, thereby boosting economic diversification and resilience.

    MSMEs are at the forefront of Saudi Arabia’s economic transformation, contributing significantly to job creation, GDP growth and innovation. The report outlines how the Kingdom is empowering small businesses to unlock opportunities in emerging sectors. This focus on financial inclusion and business growth is enhancing Saudi Arabia’s economic resilience and establishing the Kingdom as a dynamic and competitive global economy.

    Looking ahead, the report explores how Kafalah’s innovative financing solutions, forward-looking initiatives, and focus on digital transformation should further fuel MSME expansion in the domestic market and help emerging businesses to capitalise on opportunities for foreign trade.

    Commenting on the findings, Busra Karacadag, Country Director for Saudi Arabia at Oxford Business Group, noted the vital role of MSMEs in the Kingdom’s transformation.

    “This report sheds light on the crucial role that the MSME finance ecosystem is playing in driving economic diversification and job creation in Saudi Arabia. By developing financial tools and services that meet the specific needs of small businesses, the country is fostering a more dynamic, inclusive economy in line with Vision 2030,” Karacadag said.

    Homam Hashem, Kafalah’s CEO, highlighted the opportunities for MSMEs in Saudi Arabia’s rapidly evolving economy.

    “As the economy diversifies under Vision 2030, MSMEs can gain access to new markets and investment opportunities. Additionally, the focus on digital transformation helps MSMEs to adopt new technologies and improve their competitiveness, positioning them well for future economic shifts,” Hashem said.

    The “MSME Empowerment in Saudi Arabia” report provides a comprehensive overview of the country’s efforts to create a conducive environment for MSME growth, ensuring that emerging businesses are well-positioned to contribute to the Kingdom’s future economic success.

    The special report is now available to view and download at: https://oxfordbusinessgroup.com/reports/report-how-is-saudi-arabia-boosting-economic-diversification-through-msme-empowerment-focus-report/

    About Oxford Business Group

    Oxford Business Group (OBG) is a global research and advisory company with a presence in over 30 countries, spanning Africa, the Middle East, Asia, and the Americas. It is recognised internationally as a distinctive and respected provider of on-the-ground intelligence on world’s fastest-growing markets, termed The Yellow Slice, in reference to OBG’s corporate colour. 

    Through its range of products – Economic News and Views; OBG CEO Surveys; OBG Events and Conferences; Global Platform, which hosts exclusive video interviews; and The Report publications – as well as its Advisory division, OBG offers comprehensive and accurate analysis of macroeconomic and sector-level developments for sound investment opportunities and business decisions. 

    OBG provides business intelligence to its subscribers through multiple platforms, including its direct subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv’s (previously Thomson Reuters) Eikon subscribers, and more.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    Google launches second ‘AI First’ accelerator for MENA, Turkiye startups

    Business

    Emirates NBD GenAI Summit brings together industry leaders to discuss the future of GenAI-powered finance

    Business

    From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon

    life

    BEN SULAYEM GUIDES FIA TO FINANCIAL TURNAROUND, MARKING NEW ERA OF GROWTH AND STABILITY

    Business

    MaxAB-Wasoko acquires Fatura as EFG Finance joins board

    Business

    Sylndr closes $15.7 million Series A to drive automotive innovation in Egypt

    Business

    SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

    Business

    AUTONOMOUS A2Z Becomes First Korean Company to Obtain Singapore’s M1 Autonomous Vehicle License

    Add A Comment

    Leave A Reply Cancel Reply

    Stay In Touch
    • Facebook
    • Twitter
    Don't Miss
    life

    Make Your MAMMA MIA! Night Unforgettable with an Exclusive Pre-Show Experience

    Kick off your evening with Bites & Bubbles – the ultimate pre-show indulgence before the…

    SAL Activates the Fulfillment Sector Warehouses to Transform Logistics Landscape in Saudi Arabia

    Mohammed Bin Rashid Library launches the ‘A World Reads’ initiative to support and enrich libraries across the UAE

    Saudi AI startup vminds.ai secures six-figure pre-Seed

    Dubai Chamber of Commerce finalises preparations for trade mission to Angola and Mozambique

    Recent Posts

    • Google launches second ‘AI First’ accelerator for MENA, Turkiye startups
    • Emirates NBD GenAI Summit brings together industry leaders to discuss the future of GenAI-powered finance
    • From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon
    • BEN SULAYEM GUIDES FIA TO FINANCIAL TURNAROUND, MARKING NEW ERA OF GROWTH AND STABILITY
    • MaxAB-Wasoko acquires Fatura as EFG Finance joins board
    Our Picks
    Business

    Warner Bros. invests $57 million in OSN+ for minority stake

    Business

    MERED and Dutch Foundation Dubai Break Ground on ICONIC Tower

    Business

    Luxury Branding and Growth Consultancy Atelier & Stories Opens New Dubai Office to Expand International Business Advisory Services

    Business

    GlobalCorp for Financial Services Announces EGP 800 Million Capital Increase to Fuel Strategic Expansion

    Must Read
    Business

    The new BMW i7 M70 xDrive

    Business

    Report; Unusual CFDs that you can trade

    Categories
    • Business (285)
    • life (122)
    • News (124)
    Our Picks
    Business

    Georges Farhat appointed Cluster General Manager for Avani Palm View Dubai Hotel and opens a range of new facilities.

    Business

    10 Korean STEM Fellows Engage with UAE National Experts on Future Cooperation

    About us

    Stay connected with UAEInsider, your ultimate source for insightful news, updates, and analysis on all things UAE and beyond. Dive into the heart of the Emirates’ stories, explore diverse perspectives, and stay informed about the latest developments shaping our region and the world.

    UAE Insider
    Facebook Twitter Instagram Pinterest
    • Home
    • Privacy Policy
    • Terms & Conditions
    © 2025 UAE Insider.

    Type above and press Enter to search. Press Esc to cancel.