Small and medium enterprises (SMEs) are a rising business in the Middle Eastern economy. They are primarily responsible for creating jobs and adding innovation as a result of new business models.
Contributing around 40% in the value-add generated to the Middle Eastern economy, SMEs are surely a solid factor for growth of any nation. They aid in enhancing the environment as more stakeholders take part in economic and business development of the country.
As the SMEs grow and expand in various different markets, within the country and internationally in the long run, they turn out to be a fruitful source of income for the home country. This is why government everywhere accepts and supports the SMEs to take part in the growth process of the country to increase overall productivity.
The SME sector is highly driven by growth opportunities as new and improved ideas keep popping in that helps in further adding towards the growth of the economy. While it may comparatively be lower than the rest of the international markets, there is no doubt that it seems promising in times to come.
To further inform you on the importance and contribution of this sector, take a look at this Infographic. It states the statistics that teaches a valuable lesson, the improving efficiencies and how growth-oriented the SME sector is.
Courtesy of: Dubai Monsters