The Social Development Bank launches the Thomer Award for Productive Household Projects

Thursday-2018-03-08

This morning, the Bank for Social Development launched the Thursday, 2020 Grande, 1439 H, 8 March, 2018 M, the Thomer Award to catalyse projects for families producing growth and sustainability, aimed at empowering and developing productive families and raising awareness of the efforts of relevant stakeholders and providers of quality services in this sector.

This morning, the Social Development Bank launched Thursday, 2020 Grande, 1439 H, 8 March, 2018 M, Prize ♪Boom.♪ To catalyse projects of families producing growth and sustainability, which are aimed at empowering and developing productive families and raising awareness of the efforts of relevant stakeholders and providers of quality services in this sector, the award aims to highlight the value of entrepreneurship and the importance of the diversity of income sources and the creation of new employment opportunities.I'm sorry.

Partners will be received and special ideas will be disseminated through an interactive productive platform. www.Thamar.gov.sa developed to manage the relationship with arbitrators and to liquidate and select better participants based on qualitative criteria including economic feasibility, social leadership, value added and innovationI'm sorry. Candidates of ideas and projects will also be included in an intensive training programme offered by the Bank ' s Delni Business Centre to support them in developing their ideas and enable them to manage their projects professionally.

This will be followed by the selection of 5 think tankers and 5 project-track winners, as well as the pastoral route and the value chain and logistical support service provider systemI'm sorry.

During the press conference, the Director-General of the Bank for Social Development, Professor Ibrahim Al-Rashid, confirmed that the launch of the award was made. ♪Boom.♪ It will stimulate and empower productive families to engage in the local market and contribute to the expansion and sustainability of those actions in order to enhance their investment role, in supporting the Kingdom ' s economy and actively participating in the realization of Vision 2030, in order to reach a prosperous economy in which the Kingdom community contributes, emphasizing that the sector is a promising and vital sector and counts on many outputs, both in terms of economic empowerment, job creation and social stability. The launch of the initiative was also aimed at highlighting the role of sponsors in the service of micro-entrepreneurs, to give more financial and non-financial support to this important and vibrant sector.I'm sorry.

It should be noted that the Bank for Social Development is continuously developing its funding products targeting different segments and pathways such as emerging projects, pioneers, trajectory through mobile applications, pathway of invention, track of excellence, track of graduates as well as productive families, where the Bank financed over 18,000 productive families with a value of over 300 million and a growth rate of 218.% For 2017, the Bank also financed over 50,000 projects with a total value of over RI 6 billion, as well as the Bank being a partner in the SME sector resettlement and development programmeI'm sorry.

The Bank provides packages of non-financial services and programmes, both through the Bank ' s arms and through local and international partnerships, aimed at building and developing entrepreneurial skills, market enforcement, development of services and products provided by their client projects, based on international best practices and qualitative local alignment of target groupsI'm sorry.

This can be shared by visiting the award site.: www.Thamar.gov.sa