Ethiopia, Saudi Arabia Forge Strategic Partnership to Empower SMEs and Startups

Addis Ababa, November 7, 2025 (ENA) – The Ethiopian Youth Entrepreneurs Association and the Small and Medium Enterprises General Authority of Saudi Arabia ((Monsha’at) have formalized a strategic partnership during the BIBAN 2025 Forum at the Riyadh Front Exhibition and Convention Center.

The partnership aims to foster meaningful collaboration between African, particularly Ethiopian and Saudi, entrepreneurs by promoting knowledge and technology transfer, co-founder and startup matchmaking, capacity building, and cross-border market access.

It also seeks to accelerate youth-led innovation, promote interest-free financing models where applicable, and strengthen sustainable entrepreneurial ecosystems that empower young people to create jobs, drive inclusive growth, and contribute to the long-term development goals of both regions.

According to a press release sent to ENA, Monsha’at has reaffirmed its commitment to enabling entrepreneurs to benefit from successful international experiences, enhancing cooperation with global entrepreneurial organizations, and build an integrated business environment that fosters growth and sustainability for SMEs.

The initiative aligns with the broader objectives of Saudi Vision 2030, supporting the expansion of regional and global market opportunities for innovative startups, it was learned.

The agreement was signed on behalf of Monsha’at by Abdulmohsen Salem H. Alsalem, General Manager of Partnerships, and on behalf of the Ethiopian Youth Entrepreneurs Association President Samiya Abdulkadir Godu.