Monshaat offers SR691 million government fee refunds to Saudi SMEs

Updated 02 December 2019

Monshaat offers SR691 million government fee refunds to Saudi SMEs

RIYADH: The Small and Medium Enterprises (SMEs) General Authority (Monshaat) has paid SR691 million ($185 million) to 7,500 small- and medium-sized companies as part of the government fee refunding initiative.

Monshaat’s Gov. Saleh Al-Rasheed revealed the details during a meeting organized by the Riyadh Chamber in the presence of its chairman, Ajlan Al-Ajlan, and several businesspeople, professionals and business stakeholders.

Al-Ajlan highlighted the importance of raising the contribution of this group of enterprises to the gross domestic product. 

Al-Rasheed said that the most prominent initiatives of “ease of doing business” in cooperation with the Labor Ministry were to issue nine visas to full-time employees of enterprises, provide a grace period of one year for registration and to enroll newly appointed Saudi employees in the Nitaqat program as soon as being registered in the social security fund. Other initiatives include the Saudization of leadership positions and supporting the employment of those enrolled in the “Incentive” program and other initiatives.

Al-Rasheed said that Monshaat had established business support centers that formed an integrated environment to provide the training programs, consultancy and guidance services needed by entrepreneurs. SPA Riyadh


LA Italian eatery Madeo delights the palate in Riyadh Season pop-up

Updated 15 December 2019

LA Italian eatery Madeo delights the palate in Riyadh Season pop-up

  • Despite minor setbacks he faced while setting up, Vietina considers the experience to be a positive one

RIYADH: Renowned Italian restaurant Madeo has opened up in Al-Murabba for Riyadh Season. 

The pop-up has started brightly, and head chef Gianni Vietina invited Arab News to sample the menu and chat about his experience.

Vietina, in Saudi Arabia for the first time, said that he loved the location he had set up in, and was very happy to be opening up in the Kingdom. 

“The location is gorgeous. At night, with all the lights on, the music going, it’s very nice.”

Despite minor setbacks he faced while setting up, Vietina considers the experience to be a positive one and that the response was even better than he had expected. 

“Like anything new, you have quests, you have problems. Up to now, we’re doing pretty good. We are up and running. We’re comfortable now, which is a shame as we’re leaving pretty soon,” he said.

He added that he would repeat the experience in a heartbeat if he could: “They were nice enough to ask me to stay in Saudi a little longer, but I can’t. I need to go back home. But I would love to come back.”

He said that while he was not planning to open up a permanent restaurant in Saudi Arabia, he would not rule it out completely.  “I’ve been offered options, and friends have offered to show me locations while I’m here, but I can’t do it right now, I just opened a new restaurant two months ago,” he said.

“I chose the dishes that I know that most of the Saudis that visit my restaurant in Los Angeles like.”

Gianni Vietina, Head chef of Madeo

The pop-up’s menu contains most of what the original restaurant offers, including his ever-popular penne madeo and spaghetti bolognese, with the chefs using a combination of imported and locally sourced ingredients. 

“I chose the dishes that I know that most of the Saudis that visit my restaurant in Los Angeles like,” he told Arab News.

For the pop-up, Vietina has stuck to using halal and alcohol-free ingredients. 

“It was challenging at the beginning. But the bolognese at Madeo doesn’t contain pork, and I realized after we tried cooking without wine that almost nothing changed. I actually prefer it,” he said.

Madeo is a favorite of Saudis visiting Los Angeles, with Vietina going so far as to describe the restaurant as a “Little Riyadh” on most evenings between July and September. 

He even recognizes some of the customers who have come into the Riyadh pop-up, and always stops over to greet them.

Upon sampling the menu, it’s easy to see why the food at Madeo has remained popular all these years. 

The eggplant parmigiana is a perfect blend of crusty cheese and silky smooth eggplant, with hints of basil and rosemary. 

The bolognese is rich, meaty and decadent, without being too heavy and greasy. And the penne madeo, which Vietina has been eating since his childhood, is a timeless classic of crushed tomato, basil, finished off with butter and Parmigiano Reggiano for a creamy, rich flavor.