EXITS MENA Forges Path for SME Innovation in Saudi Arabia

EXITS MENA Forges Path for SME Innovation in Saudi Arabia

By Staff Writer, 05 July 2024

Financial technology firm EXITS MENA, which specializes in consulting and arrangements for startups and small to medium-sized enterprises (SMEs) in the Middle East and North Africa (MENA) region, has revealed a new strategic partnership in Saudi Arabia. This initiative underscores EXITS MENA's dedication to supporting entrepreneurs and startups within the Kingdom.

The partnership aims to capitalize on Saudi Arabia's dynamic market to stimulate growth and innovation among startups and SMEs. Through this collaboration, EXITS MENA plans to offer unmatched support to these businesses, aiding them in navigating market challenges and achieving their business objectives effectively.

Prominent Saudi investors, led by Ammar Ahmed Shata, founder of Ghata Venture Partners, are backing this project. Shata will also serve as the non-executive chairman of the new joint venture. This strategic move represents a significant milestone for EXITS MENA, highlighting its ongoing commitment to bridging gaps in the entrepreneurial ecosystem throughout the MENA region.

By establishing a presence in Saudi Arabia, EXITS MENA aims to leverage the Kingdom's vibrant market environment to foster growth and innovation among startups and SMEs.

Source: EntArabi

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