Strategeast signed a memorandum of understanding with Monshaat – Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia aimed at tech sector and startup ecosystem development.
The collaboration will boost exchange of expertise and facilitate the establishment of a startup chain and the development of emerging technological systems.
StrategEast and Monshaat will collaborate to create specialized startup development programs tailored to the requirements of the Saudi startup landscape. These initiatives will draw upon top global standards and stem from partnerships with essential stakeholders, including those from Silicon Valley.
The organizations will raise mutual awareness in the fields of digital, technological, and innovative domains elevating mutual understanding through strategic initiatives, fostering promotion and appreciation within these transformative fields.
StrategEast is a leading independent institution working to develop Eurasia’s digital economy, in collaboration with international financial institutions, development agencies, global tech companies, and Eurasian governments.
Small & Medium Enterprises General Authority (Monshaat) is governmental body that aims to regulate, support and sponsor the small and medium enterprises sector in the Kingdom of Saudi Arabia in accordance with the best practices so as to raise the productivity of these enterprises and increase their contribution to the GDP, as well as to increase the absorptive capacity of the Saudi economy, leading to job generation and opportunities for the national workforce.
