SMEs have a major role in the Saudi economy and and in appreciation of the challenges faced by the owners of these projects in finding appropriate financing for their projects,the Afaq program was established to meet the needs of owners of small and medium industrial projects.
The scope and benefits of this program are unified for both partners, but the method used in presenting the program may differ depending on the different policies and procedures of each partner.
It is one of SIDF initiatives where SIDF experts provide technical advisory in several fields such as manufacturing, construction and industrial safety. The initiative aims to support investors in all SIDF-financeable sectors (Industry, Mining, Energy and Logistics) through Nawafeth platform of Small and Medium Enterprises General Authority.
In line with supporting promising small and medium-sized industrial enterprises, SMEs Scale-Up Initiative was launched to provide financial facilities to increase production capacity and deliver the growth and expansion that resonates with our investor’s aspirations. This initiative is available for both new and existing investors with good SIDF standing.
This track targets developing fast growing small and medium industrial enterprises in “Tomoh” Program under the Small and Medium Enterprises General Authority (Monsha’at), aiming to create added value to foster their growth and develop their capabilities by linking them with service providers and support agencies from the public and private sectors
Fast-growing Small and Medium Industrial Enterprises.
An integrated system that supports fast-growing SMEs, to enhance their growth and help them exceed their predictable pathway, by linking them to service providers and public and private sectors' support bodies, absolutely after conducting an extensive diagnosis of the SMEs businesses and identifying the aspects of their development,For more information about Tamoh services, visit tomoh.sa.
