1st Batch of Licenses for Commercial Franchise Brokers Handed over

The 1^st batch of licenses for commercial franchise brokers, were handed over, during a ceremony was held, in Riyadh on this occasion, by the the Governor of the General Authority for Small and Medium Enterprises “Monsha’at”, Eng. Saleh Al-Rasheed.

Licensing of brokers aims to raise the quality of the mediation and conciliation process, in franchising deals, support the transformation of distinctive local brands, into a franchise model, in addition to attracting internationally recognized class brands, into new and promising sectors.

Franchising is an essential pivot, in achieving the goals of the Kingdom’s Vision 2030, by increasing the contribution of small and medium sized enterprises to the national economy or the GDP, as it provides a great opportunity for the expansion of local brands internally and externally, .as well

The Franchise Center platform displays more than 300 brands and receives nearly 5,000 applications from entrepreneurs to franchise published marks.