JEDDAH, 16 September 2005 — The Jeddah Center for Developing Small Businesses — within the Jeddah Chamber of Commerce and Industry (JCCI) — has established the first Business Incubator in Jeddah known as JBIC. The incubator aims to support Saudi businessmen and businesswomen living in Jeddah and for those starting new businesses by finding the right environment for them to grow their business.
The supervisor of the Businesswomen Incubator, Abrar Bashwaier, told Arab News, “We support businesswomen who wish to start small businesses by connecting them with helpful contacts. We also provide them with the technical and administrative support. If they need financial support for their business, we offer that too.” She added, “Examples of the businesses businesswomen are starting are real estate, training centers and simple projects like researches centers for university students.”
To register in the JBIC, businessmen and women have to pay SR1,800 for the first three months as the renting cost for a desk in the JBIC and all the support will be given. For each extra three months, they will pay additional SR300. The contract between the businessmen or businesswomen and the JBIC ends after two years, which is the maximum period for contract. If the business people found themselves capable of dealing with their own business independently, they can leave their place in JBIC.