Monsha’at and UBT list SME consultants

The four-day program included 25 delegates from Riyadh, Jeddah, Dammam, Madinah, Yanbu and Jazan.
Updated 15 April 2018
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Monsha’at and UBT list SME consultants

The Small and Medium Enterprises General Authority (Monsha’at) partnered with the University of Business and Technology (UBT) in Jeddah to certify accredited small and medium enterprise consultants in line with Vision 2030.

Organized by UBT Continuing Education Center (CEC), and delivered by Dr. Richard Weinberger, CEO of the Association of Accredited Small Business Consultants (AASBC) based in the US, the four-day program included 25 delegates from the cities of Riyadh, Jeddah, Dammam, Madinah, Yanbu and Jazan.

The professional training program covered 15 themes. They were small business and SME today; general financial statement review; revenue and expense review; asset and liability review; ratio analysis, SWOT analysis; operations management; strategic planning; budgets and forecasts; internal controls; marketing and branding; business organizations; financing; risk assessment and fraud deterrence; and marketing consulting practice.

In addition to the membership benefits of AASBC, the delegates who passed the online certification exam with success the certification exam online were awarded the title Accredited SME Consultant.

UBT CEC Director Dr. Amir Dhia said that the program, which was subsidized by Monsha’at, included a rich and diverse group of practitioners from the sectors of banking, finance, entrepreneurs, CEOs, and business consultants. 

Small and medium enterprises contribute only 20 percent to the GDP in the Kingdom compared to 70 percent of some economies. Despite the efforts to improve the quality of the business environment, small enterprises in the Kingdom continue to suffer from a complexity of regulatory and administrative procedures, slow capacity, poor capacity to attract talents, and difficulty in obtaining funding.  The proportion of funding for small and medium enterprises is only five percent of the total funding, which is a small proportion compared to global rates. 

The Monsha’at aims to develop, enable, and advocate for SMEs to thrive, in collaboration with strategic partners in the public, private and non-profit sectors.


Bahri strengthens market footprint in Asia-Pacific region

Khalid Al-Garawi, senior manager, Bahri Chemicals.
Updated 21 April 2019
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Bahri strengthens market footprint in Asia-Pacific region

Saudi logistics and transportation company Bahri has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry. The stronger presence will help the company gain deeper insights into market trends as well as customer needs in chemicals and logistics sectors in Singapore and the wider APAC region.
The announcement took place at a ceremony held on April 5 at Regent Hotel in Singapore, in the presence of Abdullah Aldubaikhi, CEO of Bahri, and senior executives of the region’s oil majors, petrochemical trading companies and ship brokers.
The expansion will also enable Bahri Logistics and Bahri Chemicals, two of five business units of the company, to market their offerings, acquire new clients, serve existing clients, and channelize the communications. Bahri has plans to expand the services of its other business units to the APAC region in the future.
Bahri CEO Aldubaikhi said: “In our efforts to deliver on Bahri’s vision of connecting economies, sharing prosperity, and driving excellence in global logistics services, we have been actively pursuing the company’s ambitious long-term strategy to drive sustainable growth and expand its market footprint. As a result, we have established a solid presence regionally and globally. Our expansion in the Asia-Pacific region represents a key milestone in our journey, and with this, we have come even closer to our customers, allowing us to serve them better offering a wider range of industry services and unprecedented value.”
Over the past 41 years, Bahri has steadily expanded market presence to cement its position as a global leader in the maritime industry. The company currently has offices in Saudi Arabia, UAE, US and India, in addition to a vast network of agents across the Middle East and Africa, US, Europe, and Asia.
Bahri Chemicals is the largest owner and operator of chemical carriers in the Middle East, serving 150 ports worldwide. It owns and operates 36 chemical/product tankers with a capacity of 1.1 million DWT designed to the highest specifications, capable of carrying a wide range of chemical cargoes. The first business unit within Bahri, Bahri Logistics, is one of the top 10 breakbulk carriers in the world and operates six new state-of-the-art multipurpose vessels with 26,000 DWT each on a regular liner schedule.