VISION 2030 AND FOCUS ON SME:
The fundamental to the success of Saudi Arabia’s Vision 2030 are growth of a stable real estate market and creation of a sustainable small and medium-sized enterprise (SME) sector. SMEs are one sector at the forefront for the economic development and putting efforts for creation of large employment, industrial output, large contribution for exports and converting unskilled labour to skilled labour. To boost significant contributions of the SMEs, this sector needs to alleviate certain constraints like availability of adequate and timely credit, high cost of credit, collateral requirements, access to equity capital and rehabilitation of sick enterprises etc. It thus emerges that adequate, timely and affordable finance is one of the bigger issues for the SMEs. SMEs usually depend upon the Banks, Financial Institutions, HNIs, Private Finance and other sources to generate capital or working finance as well as funding for expanding business activities.