• Wide-ranging program features 20 initiatives to create, sustain and grow SMEs
• Focus on the sustainability, digital, manufacturing, industrial and social innovation domains
• 30 MoUs signed with leading public and private sector partners
• Five funds to offer financial support to SMEs

Aramco today announced the launch of a new program, “Taleed”, which aims to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia — helping boost their contribution to economic development and support job creation.

It also aims to deliver funding and financial solutions to existing and new businesses through five funds, with a combined capital exceeding SAR 3 billion ($800 million). The funds are being established in collaboration with partners to support SME development in the sustainability, digital, manufacturing, industrial and social innovation domains.