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Vision 2030

The Government of the Custodian of the Two Holy Mosques has paid great attention to the small and medium enterprises sector under the National Transformation Program and the Kingdom's Vision 2030 aimed at diversifying sources of income and stressed the keenness and seriousness and attention and attention to the great role expected of this sector in supporting the national economy

First Strategic Objective
Strategic Objective Raise the interest of entrepreneurship
Target 2030 Entrepreneurship Support Youth skills development and effective utilization
Index Baseline Target Unit Regional Standard Global Standard
Number of Existing LLC Establishments 50,000 104,000 Number under studying 347,015
Second Strategic Objective
Strategic Objective Increase the contribution of SMEs to GDP
Target 2030 Support for small and medium enterprises Support to productive families Entrepreneurship Support
Index Baseline Target Unit Regional Standard Global Standard
The rate of continuation and survival of new projects for 3 years Calculated Under study Percentage% Under study 82.5
Percentage of SME contribution to non-oil GDP 33 35 Percentage % 60 Not ablicable
Percentage of SME contribution to GDP 20 21 Percentage % 36 51
Third Strategic Objective
Strategic Objective Increasing job opportunities from small and medium enterprises
Target 2030 Provide citizens with the knowledge and skills necessary to match the needs of the future labor market Support for small and medium enterprises
Index Baseline Target Unit Regional Standard Global Standard
The percentage of employees in small and medium enterprises to total employees in the private and public sectors 51 53 Percentage % 42 48