The Small and Medium Enterprises Bank in Saudi Arabia has partnered with India's Small Industries Development Bank to boost financing and growth for SMEs. The agreement was formalized during the India-Saudi Investment Forum in New Delhi, building upon a previous memorandum of understanding. The collaboration aims to enhance funding for SMEs, bridge the financing gap, and promote financial stability in line with Saudi Vision 2030. It involves creating a data engineering strategy, knowledge transfer on credit practices, and comprehensive training programs for employees. The event featured workshops and meetings to explore business opportunities, including incentives for targeted sectors and industries. The business gathering also addressed Saudi Arabia’s provision of financial and non-financial incentives and support mechanisms, aimed at fostering the sustainable development of targeted sectors and promising industries.