2+1
Pay for Two Years and Get
One Year HRMS Subscription Free!
Limited Offer
Zimyo Logo
Login
Schedule a Demo

Qiwa | Meaning and Definition

Qiwa is an online platform launched by Saudi Arabia’s Ministry of Human Resources and Social Development to facilitate and promote business and employment in the KSA. This platform provides a wide range of services and tools that encourage entrepreneurship, attract investment, and create entrepreneurial prospects for Saudi nationals. The main objective of the platform is to help organizations of all sizes to operate in an effective ecosystem with ease, thereby improving business conditions in Saudi Arabia.
Qiwa is an important initiative aligned with Saudi Vision 2030 to make Saudi Arabia a global leader in innovation and entrepreneurship. The organization that wants to carry out its work and continue to grow in Saudi Arabia is welcome to register with Qiwa.

What are the Objectives of Qiwa in Saudi Arabia?

Qiwa is an important factor in Saudi Arabia’s economic expansion. It offers an intuitive digital platform that simplifies the launch and operation of enterprises. It is closely aligned with Vision 2030 to help diversify the economy of Saudi and reduce its dependency on oil. The key objectives include:

  • Encourage Entrepreneurship: It simplifies the process of starting new businesses thus aiming to promote entrepreneurship spirit in Saudi Arabia. It provides a simple and user-friendly platform by removing administrative barriers and enabling individuals to take a step further in their business.
  • Attract Foreign Investors: This platform is essential to draw outside investment to the KSA. Qiwa makes Saudi Arabia a more desirable destination for foreign investors by establishing a business-friendly environment and streamlining government services.
  • Generating Employment Opportunities: It actively works to give Saudi residents employment opportunities aligning with Vision 2030 which emphasizes job development. This platform promotes business expansion and entrepreneurship, which lowers unemployment and promotes economic growth.

What are the Advantages of Qiwa?

Qiwa provides businesses operating in Saudi Arabia with an extensive range of services and advantages. Some of them include:

  • Simplifies your Business Registration: With Qiwa, entrepreneurs can complete all criteria online and streamline the business registration procedure, thus eliminating the need for physical visits or in-person meetings with government officials.
  • Saves Time and Costs: Since the process of registration is completely online it helps reduce your extra unnecessary costs for paying any outside services. Along with it, your time is also saved which will thus help you in working on your major business work.
  • Provides Funding for your Business: Qiwa supports business growth and development by facilitating access to a variety of financial services, including funding possibilities and loans.
  • Facilitates Training and Development Programs: Since the business environment keeps changing constantly, Qiwa provides significant development and training programs. These programs empower businessmen and entrepreneurs with the abilities and knowledge required to successfully navigate the competitive marketplace.
  • Creates Job Opportunities: Qiwa plays a crucial role in creating job opportunities for the citizens. The platform helps to achieve Vision 2030’s goals for economic diversification and employment creation by encouraging entrepreneurship and assisting business expansion.
  • Gives Support to SMEs: This platform recognizes the critical role of small and medium-sized enterprises (SMEs) that play in the Saudi economy and customizes its services to match their unique demands. Thus it provides focused training and development programs, financing route access, and simplified registration processes.
Pay for 2 Years and Get 1 Year HRMS Subscription Free
Back to glossary
People also look for: