RIYADH: Small and medium enterprises should adopt technology to attract and retain talent, which will help the workforce feel at home, said CEO of the Saudi Industrial Development Fund.
While speaking at the World Economic Forum annual meeting in Davos on Tuesday, Ibrahim Almojel said Saudi Arabia is ready to help SMEs leverage the online tools to access talent and prepare themselves in this era dominated by technology.
“Technology increases competitiveness by increasing data transparency, reduces costs and also gives them (SMEs) access to market where they can be competitive in a niche product,” said Almojel.
He also added that the only way to upskill talent and upskill a firm is by embracing technology.
Talking about the SIDF Academy, Almojel said evening programs have also been launched. In 2020, he added, 2,000 people received training in different programs at the academy.
He said currently around 5,000 people are receiving training.
