A
And with a significant growing entrepreneurial drive, there is a need for higher MSMEs support in KSA
Growth of Saudi MSMEs (thousands)
77%
2% 16% 978
20% 2% 664
2% 22% 627
of MSMEs are Micro- sized businesses ~83%
3% 552 25%
83%
78%
76%
72%
2021
2019
2020
Q3 2022
Medium-sized Small-sized Micro-sized
Regional distribution of MSMEs
Riyadh
Makkah Eastern P.
Assir
Qassim Medina
36% 20% 12% 6%
5%
5%
Source: Monshaat report, MAGNiTTreport, Saudi Venture Capital (SVC), Kearney
9
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