The Role of Small and Medium Enterprises (SMEs) in Sustainable Development and Their Impact on the Saudi Economy

Abstract

This study aimed to assess the current status of small and medium enterprises (SMEs) and their developmental role in achieving sustainable development for the country. Additionally, it sought to identify the objectives of sustainable development in Saudi Arabia. To fulfill the study's objectives, the study adopted a descriptive-analytical methodology, employing a questionnaire as a data collection tool. The questionnaire was administered to a sample of employees in small and medium-sized companies in Al-Madinah, consisting of (70) males and (30) females. The study found that SMEs contribute to the creation of new employment opportunities, mitigate unemployment, and enhance individual income. Consequently, the study recommended a focus on youth, providing them with training and encouragement for entrepreneurship, and offering consultative support to SME owners.