«Al Jazeera» – Economy:
The General Entertainment Authority, in collaboration with the Funding Guarantee Program for Small and Medium Enterprises (KAFALA), has established a mandate to support and empower medium, small and micro enterprises operating in the entertainment sector in all regions of the state. started an initiative for , The value of the funding provided by the Kaflah program within the initiative is 15 million riyals for medium enterprises, 5 million riyals for small enterprises and 2.5 million riyals for micro enterprises, with a coverage rate of 90%, depending on the size. Is. Enterprises applying for financing applications. Through approved banks and financing companies, and as per program requirements.
This initiative contributes to strengthening and achieving sustainability of the entertainment sector system by providing necessary guarantees to financiers, increasing the financing rate for establishments operating in the entertainment sector, and services related to the entertainment sector’s supply chains and its infrastructure. does. Empire.
The initiative comes as part of a package of “Support and Incentive Investments in the Entertainment Sector” initiative in coordination between the Ministry of Finance, the General Recreation Authority and the Center for Quality of Life Program to support and develop the entertainment sector. Is. In the Kingdom, in line with the aspirations and requirements of Saudi Vision 2030.