Abdullah bin Adel Fakhro, Minister of Industry and Trade, chaired the twenty -fourth meeting of the Council of Small and Medium Enterprises Development, at the Ministry’s headquarters, and in the presence of representatives of the members.
During the meeting, the Minister of Industry and Trade stressed that the SMS sector is one of the vital pillars of the national economy, stressing the need to continue to adopt innovative policies that enhance its flexibility and competitiveness.
The minister added that the council is working intensively with strategic partners to create a supportive and stimulating environment for sustainable growth, in a way that contributes to providing more opportunities, stimulating innovation, and increasing the contribution of this vital sector to the gross domestic product.
The meeting was briefed on the strategy of developing the sector of small and medium enterprises, including its main goals, stages of implementation, and the most prominent challenges facing this vital sector, as well as discussing the preparation of an effective organizational framework to ensure the efficiency of the progress of initiatives and sustainability.
The meeting also discussed the next steps to enhance the integration between the concerned authorities, and to develop policies and strategies that stimulate growth and innovation, in a way that contributes to raising the contribution of this sector to supporting the national economy.
