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Entrepreneurship: the Region Laâyoune-Sakia El Hamra Launches the Program RIYADA

RIYADA, the integrated program of support for project leaders who can benefit from PIAFE funding comes to promote the entrepreneurial spirit in the region of Laâyoune-Sakia El Hamra. The objective is to accompany 300 project leaders by 2021, to finance 70% of the projects accompanied via a prefectural and provincial variation, and to organize events around entrepreneurship at the regional level.

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Encouraging entrepreneurship in the region Laayoune-Sakia El Hamra: The CRI Laayoune-Sakia El Hamra, ANAPEC, the FCE of BCP Group and the BP of Laayoune sign a strategic partnership agreement.

In the continuity of the High Royal Directives aimed at supporting entrepreneurial initiatives, the Regional Investment Center of Laayoune-Sakia El Hamra, the National Agency for the Promotion of Employment and Skills (ANAPEC), the Business Creation Foundation (FCE), and the Popular Bank of Laayoune, organize on June 09th, 2021 in Laayoune, a signing ceremony of a partnership agreement with the objective of setting up the integrated program of support called “RIYADA”.

This integrated program of support for project leaders who can benefit from PIAFE funding comes to promote the entrepreneurial spirit in the region, through the support and training of project leaders during all phases of the project, from the framing of the initial idea to the assistance in the assembly of the financing file, through training around entrepreneurship, assistance in the assembly of the business plan and assistance in the steps of creating companies. The objective is to accompany 300 project leaders by 2021, to finance 70% of the projects accompanied via a prefectural and provincial variation, and to organize events around entrepreneurship at the regional level.

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A high value-added support under the sign of synergy and regional dynamics

The parties of the agreement will put their expertise to the benefit of idea holders and project holders for personalized and high value-added support. To this end, the synergy between the stakeholders will allow a better financial inclusion of young people in the framework of PIAFE funding, in addition to the promotion of entrepreneurship at the regional level in order to stimulate and encourage the action of undertaking.

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It is important to note that the PIAFE was initiated following the High Instructions of His Majesty King Mohammed VI, may God assist him, to accompany project holders, especially in the support and accompaniment component via a coordination of actions at the regional level. Thus, the monitoring committee of the project “RIYADA” will ensure that the actions of the program are applied in accordance with the PIAFE, to the great profile of young project holders and SMEs that constitute the vast majority of the economic fabric of the region.

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(Featured image by geralt via Pixabay)

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First published in LesEco.ma, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Michael Jermaine Cards is a business executive and a financial journalist, with a focus on IT, innovation and transportation, as well as crypto and AI. He writes about robotics, automation, deep learning, multimodal transit, among others. He updates his readers on the latest market developments, tech and CBD stocks, and even the commodities industry. He does management consulting parallel to his writing, and has been based in Singapore for the past 15 years.