Riyadh - Sharikat Mubasher: Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) signed six memoranda of understanding (MoUs) during the US-Saudi Investment Forum with international partners: Functional Fluidics, National Drug Source, The BTL Group, Alerje, CircNova, and Puzzle Healthcare.

These MoUs focus on supporting entrepreneurship and innovation across various fields, including technology services, business development, and health technology, and aim to empower SMEs and enhance their growth across different innovation and technology sectors, the authority announced in a recent press release.

The deals underscore Monsha’at’s efforts to expand its international cooperation in innovation and entrepreneurship fields, foster knowledge exchanges, and ensure sustainable growth for startups, in line with Vision 2030’s goal of establishing a diversified, knowledge-based economy.

Moreover, these partnerships reaffirm Monsha’at’s commitment to creating an attractive investment environment in promising and strengthening Saudi startups' presence in global markets by connecting them with leading international entities and enabling access to modern technologies and quality growth opportunities.