Small and Medium-sized Enterprises

King Khalid University-Media Center

His Excellency, the President of King Khalid University Prof. Dr. Falah bin Raja Allah Al Solamy, has signed a memorandum of understanding with the Governor of the General Authority for Small and Medium Enterprises, Dr. Ghassan Al Sulaiman. The signing of the memorandum took place within the 'Biban 2017 Event' which was inaugurated by HE Dr. Ghassan Al Sulaiman, in the presence of HE Minister of Housing, Dr. Majid Al Haqail, HE Minister of Trade and Investment, Dr. Majid bin Abdullah Al Qasabi, HE Minister of Communications and Information Technology, Dr. Abdullah Ammar Al Sawah, and HE Minister of Labor, Ali bin Nasser Al-Ghafees. The event was held at the Riyadh International Convention & Exhibition Center and witnessed record attendance by visitors, people in business, and a number of governmental and private agencies that provide holistic support to small and medium enterprises.

The primary objective of the memorandum allows for the use of the KKUx platform (which is one of the initiatives by the e-Learning Deanship), in publishing the training materials produced by the General Authority for Small and Medium Enterprises in addition to developing, preparing and producing electronic training materials in the fields of entrepreneurship, and supporting small and medium enterprises. It also seeks to benefit from the e-Learning competencies and expertise at King Khalid University in providing training and consultation for entrepreneurs and facilities.

The Dean of the e-Learning Deanship, Dr. Fahad bin Abdullah Al Ahmari, has clarified that everyone in the Deanship of e-learning is prepared and completely ready to implement the terms of this agreement. "We are happy with this agreement, and we in the Deanship of e-learning are willing to harness our technical capabilities and our practical experiences to support small and medium enterprises and achieve the objectives of this fruitful cooperation with God's will and help," he said.

King Khalid University, Media Center

The symposium on small and medium-sized enterprises, which is being organized by King Khalid University, has, on its first day, included a number of scientific sessions. The first session handled a research on the role of the entities that support and run small and medium-sized enterprises, and the role of the Industrial Chamber of Commerce in Abha, in spreading the concept of entrepreneurship, in addition to how to support small and medium-sized enterprises within the Vision 2030. This research was submitted by Mr. Abdullah bin Saad Al Zahrani.

Engineer Osama Bin Abdurrahman Al-Mubarak presented a research paper on the role of supporters and sponsors of small and medium-sized enterprises in the Kingdom, and the vision of the Kingdom in 2030 to support and to develop small and medium-sized enterprises sector, in addition to the reasons for the establishment of secure funding for small and medium-sized enterprises programs, as well as the most important financing sources of small and medium-sized enterprises in the Kingdom. He also talked about the establishment of a program to ensure financing for small and medium-sized enterprises, its mechanism of action, and the performance of the program since its inception in 2006 until the end of November 2016.

For his part, Mr. Nasser Mohammed Qar'awi, participated with a paper which dealt with the important role of small and medium-sized enterprises in the economies of the countries. This role is characterized in development and innovation, in technology localization and in encouraging applications, in promoting competitiveness, in addition to the investment of available resources and the development of families' and individuals' savings. Also the roles include creating job opportunities to reduce unemployment problem and to improve the standard of living. The research also included the diversification of the economic structure of the state to promote foreign exports, and the localization and apprenticeship for a number of segments of society like shepherds, craftsmen and owners of services, and the possibility of the development of rural areas and the localization of their children.

The second session showed a number of success stories and different variety of projects, such as that of Lizran Center for Dr. Ahmed Ali Al-Qahtani. The session also included a research paper on the support of owners of small enterprises submitted by the Human Resources Development Fund program (Hadaf), presented by Prof. Ali Mohamed Al Shehri. The research dealt with the program's goal, beneficiaries, the level of support, program's controls, procedures for support submission, procedures for support exchange, and sponsors and their roles.

For his part, Khaled Mohammed Al-Maliki, submitted a paper on the role of Social Development Bank in sustainable development for small and emerging businesses. On his part, Mr. Yousef Bin Abdullah Al-Harbi, introduced the concept of the franchise and its impact on small and medium-sized enterprises and the Vision 2030.

Source : 
King Khalid University, Media Center.

On behalf of His Royal Highness, the Governor of Asir region, Prince Faisal bin Khalid bin Abdul Aziz, His Excellency the Recctor of King Khalid University (KKU), Prof. Faleh bin Rajaa Allah Al Solamy, has today, sponsored the opening of a symposium on small and medium-sized enterprises. The symposium is within the new system of corporates. It is organized by the KKU, represented by the Corporate Governance Center, and it will be held over two days, here in Abha.

During his speech at the occasion, Rector Al Solamy stated that it was the University's pleasure and honor to host such event, which is synchronized with unstable economic conditions. So, it was necessary for universities and different governmental and private sectors to double efforts and to cooperate with each other. Rector Al Solamy added that the symposium aims at introducing the system of small and medium-sized enterprises, in addition to highlighting Corporate Governance Center of the University, and activating its relation with the General Authority of Small and Medium-sized Enterprises.

Al solamy:"Universities are no longer places for study only but they have become national edifices longed to community service"

His Excellency Rector Al solamy added that Universities were no longer places for study only but they had become a national edifice longed to community service, through their providing solutions and initiatives that could facilitate solving social, economic, and educational problems. Rector Al Solamy clarified that the symposium was considered a step towards achieving the academic role in building developmental integration and in activating the economy in the society. Furthermore, Universities must have a role in encouraging competitive economic studies which go in line with the world rising growth and which could upgrade continual development levels. His Excellency the Rector confirmed the state's care for developing two pivots; intellectual security and economic development. Thus, education has taken the biggest portion of the budget of this year that has been announced two days earlier. This high consideration to education proves the state's belief that education is the best forum in which to invest young people's minds, and it - education - is the only way to achieve development in all aspects of any society.

Rector Al solamy further insisted on the role of Kingdom's universities in the national transfer which depends on knowledge economy that believes in human being as the source of economic activities, because of the skills and the educational level he / she has. This perspective is compatible with Vision 2030, which perceives education from a comprehensive perspective with all its types - public, technical, or professional. His Excellency Al Solamy, thanked the Governor of Asir region, His Royal Highness, Prince Faisal bin Khalid bin Abdul Aziz, for his generous sponsorship of the symposium. He - the Rector - also thanked the General Authority for Small and Medium-sized Enterprises, which is represented by its Governor, Dr. Ghasan Al Soliman, for the support and participation of its officials.

For his part, the member of the Consultative Council, who was the former Dean of Admission and Registration Deanship, and the Chairman of the Scientific Committee of the symposium, Dr. Sultan Al Farah, has confirmed that one of the objectives of the economic vision was to diversify the economic activity and to support its important parts and corners. Dr. Al Farah insisted that that could be achieved by supporting small and medium-sized enterprises in order to participate in raising the national economy of the Kingdom. On the contrary, these enterprises' participation is still low - accounting for only 20% of the national outcome - although they represent more than 70% of the Kingdom enterprise - more than a million and three hundred enterprises on the level of the Kingdom.

Dr. Al Farah Added that most of the workers in these enterprises who represented the two thirds of the whole workforce, were not from the Saudi Arabian nationality. Moreover, these enterprises were not receiving appropriate funding, administrative thought and planning. Dr. Al Farah clarified that King Khalid University, represented by Corporates Governance Center, had appreciated the need to pose these obstacles at that symposium which definitely, would help those who are interested - organizer, and stakeholders alike. Dr. Al Farah added that different parties that were related to that vital sector were going to participate in the symposium including planners, organizers, and researchers. The Doctor further stated that the symposium was accompanied by a number of workshops.

It is noteworthy that an expert on economic matters, who is also the Chairman of the Saudi Center for Research and studies, Dr. Naser bin Muhammed Al Qarawi, used the occasion to give a word on behalf of the participants. He said, "I would like to thank the Custodian of the Two Holy Mosques, King Salman bin Abdul Aziz Al Saud, and all members of his wise government, on the budget that was announced last week. The budget was a surprise to all, and it reflects the economic potential of the Kingdom. The numbers of the budget confirmed that the year 2017 AD, is the real start of the Vision 2030" Dr. Al Qarawi also thanked King Khalid University and its affiliates for organizing this symposium.    


Al Solamy inaugurates the symposium of small and medium-sized enterprises.
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