The General Authority for Small and Medium Enterprises (Monsha’at) signed a cooperation agreement with the Estonian Business and Innovation Agency at the Biban24 Forum.

The agreement was signed by Monsha’at Governor Sami bin Ibrahim Al-Hussaini and the regional director for distant export markets at the Estonian agency, Piret Sauter.

The collaboration aims to foster research-and-development projects between startups and research centers in both countries, sharing best practices in supporting innovation and entrepreneurship and implementing growth acceleration programs for high-potential companies.

“This partnership opens valuable opportunities for entrepreneurs in both nations, enhancing collaboration in technology and innovation to boost productivity and global competitiveness. We are excited about the innovative projects that will emerge from this partnership," Sauter said.

The agreement also leverages Estonia’s training and mentorship programs to support and empower Saudi Small and Medium Enterprises (SMEs).