Monshaat and the Ministry of Defense have signed a cooperation agreement aimed at empowering Saudi military retirees by supporting their transition into productive economic pathways after retirement. The initiative focuses on entrepreneurship, skills development, and expanding opportunities in self-employment and small and medium-sized enterprises.
The agreement seeks to leverage the extensive experience and skills acquired by military retirees, transforming them into economic value through targeted training programs, professional guidance, and advisory services. These efforts are designed to help retirees launch their own businesses or integrate effectively into the civilian workforce. The partnership also provides access to Monshaat’s support platforms, financing options, and business development services.
Areas of collaboration include the development of practical learning tracks, the delivery of workshops, and connecting beneficiaries with business networks and enabling entities. Together, these initiatives aim to enhance readiness for economic participation and create a supportive environment that promotes professional independence and financial sustainability.
Both parties emphasized that the agreement reflects a shared commitment to strengthening human capital, maximizing national expertise, and honoring those who have served the country by enabling meaningful post-retirement opportunities. The initiative aligns with broader efforts to foster entrepreneurship, stimulate SME growth, and increase their contribution to the national economy.
The agreement is expected to open new horizons for military retirees, empowering them to play an active role in economic development through practical, sustainable solutions tailored to their needs and aspirations.
