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The National Assembly approves amendments to the Small and Medium Enterprises Support Fund Act

New Date: 2018-02-14

The National Assembly approved amendments to some provisions of Law No. 98 of 2013 concerning the National Fund for the Care and Development of Small and Medium Enterprises in its first deliberation. The vote on the report of the Committee on Improving the Business Environment and the Welfare of Small and Medium Enterprises Two members and three abstentions from the total of 34 members.

Minister of Trade and Industry Khaled Al-Roudhan said that the amendment to the "Small Enterprises" Law will contribute to changing the definition and concept of project financing to care. It will also give small projects a lot of competitive advantages.