Monsha'at Hosts Biban 24 Forum In November To Empower Entrepreneurs And Foster Growth

The Small and Medium Enterprises General Authority, known as Monsha'at, is set to host the Biban 24 forum in Riyadh from November 5 to 9. Themed "Global Destination for Opportunities," this event will gather over 250 speakers and 1,350 exhibitors from both local and international markets. The forum aims to enhance entrepreneurial growth and competitiveness while promoting a culture of entrepreneurship.

Monsha'at Governor Sami Alhussaini stated: "Biban 24 forum serves as a platform for entrepreneurs to discover new opportunities and promote the growth and sustainability of small and medium enterprises." He further noted that the forum encourages future collaborations in innovation between Saudi entrepreneurs and their international counterparts.

The event seeks to identify investment opportunities across public and private sectors. It aims to introduce young people to innovative ideas and investment strategies aligned with Saudi Vision 2030. This vision emphasizes increasing the contribution of small and medium enterprises (SMEs) to the country's GDP.

Over 150 entities from various sectors will participate, offering services in capacity building and e-commerce. These entities aim to address challenges that SMEs face, helping them overcome obstacles that may hinder their growth. The forum provides a valuable platform for direct interaction among thousands of changemakers, entrepreneurs, and supporters of the entrepreneurial ecosystem.

The forum will also host the finals of the Entrepreneurship World Cup, which includes participants from 151 countries. Saudi Arabia will hold the final qualifiers and closing ceremony for this global competition. The top 100 entrepreneurs will compete for cash prizes totaling up to $1 million.

Biban 24 is expected to attract over 120,000 attendees. It features nine doors designed to meet the diverse needs of SME owners and entrepreneurs across various industries. These include Start, Enablement, E-commerce, Funding and Investment, Innovation, Startup, Franchise, Fast-growing Enterprises, and Market.

Training Workshops

Around 420 training workshops are planned during Biban 24. These workshops aim to benefit over 19,000 participants by covering topics essential for fostering a thriving entrepreneurship ecosystem. They focus on empowering emerging companies to achieve growth and sustainability.

The forum is anticipated to feature numerous launches and agreements impacting the entrepreneurship sector across various industries directly. It aims to stimulate investment in SMEs by facilitating their growth through diverse financing solutions.

This gathering not only supports current businesses but also encourages new company formations within the local market. By doing so, it contributes significantly towards creating a more prosperous future for all involved in this dynamic sector.

With inputs from SPA