Saudi Arabia - Bupa Munsha’at to enrich SME sector
Wednesday, 08 28 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
Bupa Arabia has introduced a new health insurance product for small- and medium-sized enterprises (SMEs) in Saudi Arabia.
The launch of “Bupa Munsha’at” is part of Bupa Arabia’s efforts to support the Kingdom’s SMEs in achieving the goals of Vision 2030, which are represented in the National Entrepreneurship Program.
“Bupa Arabia is proud to introduce a new health insurance program that will indirectly contribute to achieving one of the key pillars of Vision 2030 by increasing the contribution of SMEs to the GDP from the current 20-35 percent, based on the National Transformation Program (NTP) embarked upon by Crown Prince Mohammed bin Salman,” a company statement said.
According to the Saudi Arabian General Investment Authority (SAGIA), SMEs represent around 95 percent of the total number of commercial and investment companies within the Kingdom’s private sector.
Source: Arab News