Riyadh – Sharikat Mubasher: organized by Monsha’at, the Industry and Mineral Resources Pioneers (MRP) week kicked off yesterday, taking place in Monsha’at’s SMEs support centers in Riyadh, Jedda, Khobar and Madinah till the 19th of September.
The event organized interviews and training programs that included a training program held yesterday that tackled raising awareness of procurement and governmental contracts in partnership with the Local Content and Government Procurement Authority (LCGPA) and the Government Expenditure & Projects Efficiency Authority, according to the Saudi Press Agency.
The event is anticipated to hold 69 physical and virtual interviews in Monsha’at’s SME support centers across the kingdom aiming to educate attendees on the investment opportunities and government initiatives that serve various of sectors for SMEs.
On the sidelines of the event, Minister of Industry and Mineral Resources, Bandar Alkhorayef said that 90% of companies operating in the industrial sector are small and medium enterprises (SMEs).
At a dialogue session held as part of the industry and mineral resources pioneers’ week activities, organized by the Small and Medium Enterprises General Authority (Monsha'at), Alkhorayef said that pioneering projects play a significant role in the sector.
He said that industrial technical applications have proven their feasibility in solving many large industries' problems and that innovative technologies in the mining sector address the industry's need to preserve mines, protect the environment and safety, and increase productivity.
Alkhorayef also emphasized that the industrial sector should not only facilitate investor and entrepreneur entry but also ensure the sustainability of their projects. This involves assisting investors in overcoming challenges and providing clear guidance throughout their investment journey.
He highlighted the mining sector as a prime opportunity for entrepreneurs, corroborated by the surge in investor interest, and encouraged entrepreneurs to explore the potential of this sector.
