Kibo Partners with Saudi Mid-Term Agency to Support Startups
Policy Support Collaboration for SMEs and Startups
Creating an Environment for Innovative Growth
The Korea Technology Finance Corporation (Kibo) announced on the 8th that it has signed a Memorandum of Understanding (MOU) with the Small and Medium Enterprises General Authority of Saudi Arabia to strengthen cooperation in supporting SMEs and startups, and agreed to comprehensively collaborate on mutual information exchange and providing SME support systems between the two countries.
Kibo was officially invited to participate in 'Biban 2024,' the largest startup forum in the Middle East organized by the Saudi SME Authority, and during the event, the two organizations signed the MOU to promote effective cooperation.
Executive Director Juseon Park of Kibo (third from the left) and Monther Alfaraji, Director of the Saudi Small and Medium Enterprises General Authority (fourth from the left), along with officials from both organizations, are posing for a commemorative photo after signing a business agreement. Photo by Kibo
View original imageAccording to the agreement, the two organizations plan to establish a close cooperation system through mutual preferential treatment for technology-based SMEs entering each other's markets and operating personnel exchange programs to enhance employee capabilities. Additionally, Kibo will share its expertise in technology finance, including technology finance systems, technology evaluation methodologies, technology transfer systems, and green finance systems, while the Saudi SME Authority will strengthen global business cooperation by providing business and investment information and other administrative support for Korean SMEs entering Saudi Arabia.
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- Army Sergeant Jang Sanghee: "My Dream Is to Become the Baek Jongwon of the Military"
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
Park Ju-seon, Executive Director of Kibo, who attended the signing ceremony, stated, “We expect that exchanges with Saudi Arabia through this MOU will serve as a catalyst to support the entry of technology-based SMEs into the Middle East region,” and added, “Kibo will expand mutual exchanges by sharing accumulated technology finance know-how and technology innovation support systems, and will continue to cooperate in fostering SMEs and startups and supporting their global expansion in both countries.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
