Tawuniya Blog

  • The Impact of Covid-19 on MSMEs in Saudi Arabia

    By | ذو القعدة 17, 1442 | Jun 27, 2021

    Most in-person business stopped with the extension of the Covid-19 lockdowns and curfews in the Kingdom, resulting in reduced revenue and a significant challenge to businesses to meet their obligations and fixed expenses. A survey by the General Authority for SMEs into the impact of Covid-19 reveals that 99.5% of the sample survey reported being negatively impacted by the pandemic, 46% indicated their average sales/revenue was affected by 100% and 21% temporarily laid off all their employees.

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  • Micro, Small & Medium-Sized Enterprises Day

    By | ذو القعدة 17, 1442 | Jun 27, 2021

    Micro, Small & Medium-Sized Enterprises Day was introduced in 2017 by the General Assembly of the United Nations to celebrate the work of MSMEs in local and global economies and raise awareness of their contribution to sustainable development. The first MSME Day in 2017 was entitled, ‘Small Business – Big Impact’ in recognition of the gigantic contribution smaller companies make to the global economy. This year’s MSME Day theme is in response to the Covid-19 pandemic, ‘MSMEs: Key to an inclusive and sustainable recovery’.

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