Riyadh: The Small and Medium Enterprises General Authority (Monsha’at) and the Saudi Falcons Club signed a memorandum of understanding (MoU) to enhance cooperation in supporting and empowering entrepreneurship and small and medium enterprises (SMEs). The agreement was formalized during the International Saudi Falcons and Hunting Exhibition at the Riyadh Exhibition and Convention Center in Malham, located north of Riyadh. This partnership aims to leverage both parties’ expertise and resources to support the objectives of Saudi Vision 2030, which include economic diversification and increasing SMEs’ contribution to the GDP.
According to Saudi Press Agency, the MoU seeks to strengthen institutional collaboration between the two parties by supporting entrepreneurs and empowering SMEs through the exchange of expertise, the development of joint initiatives and programs, and the promotion of entrepreneurship awareness. The agreement also aims to expand economic participation in industries and services related to th
e falconry and hunting sector.
The areas of cooperation outlined in the MoU include identifying opportunities for joint projects, developing entrepreneurial and innovation skills, and implementing empowerment programs to enhance youth participation in local production. Additionally, the memorandum highlights national success stories that inspire entrepreneurs to explore new and promising business fields.
This partnership reflects the shared commitment of both parties to unify efforts in supporting the national economy. Monsha’at continues to regulate and develop the SME ecosystem and boost productivity, while the Saudi Falcons Club aims to expand its economic and social impact by promoting investment initiatives linked to cultural heritage. The collaboration opens new opportunities for entrepreneurs in the growing falconry and hunting sector.