December 30, 2020 According to the agreements, the initiative with the General Authority for Small and Medium Enterprises (Monshaat) aims to connect the enterprises with purchasing opportunities in the public and private sectors. sabic e RIYADH — SABIC’s national initiative, Nusaned, qualified 43 entrepreneurs to invest in the Saudi market whose projects will create 6,610 job opportunities and contribute SR8.8 billion to GDP. Their qualification was celebrated at SABIC Plastic Applications Development Center (SPADC) in Riyadh during which several agreements and memorandums of understanding (MoU) for strategic partnerships were signed to empower small and medium enterprises and to create commercial products. The MoUs and agreements also aim at strengthening cooperation with the Saudi business community and universities in the fields of sustainability and innovation as well as developing training and industry programs, which will contribute to localizing technologies and industries in Saudi Arabia.