Riyadh, The Small and Medium Enterprises General Authority (Monsha’at) tomorrow, at the Riyadh Front Exhibition and Convention Center, is scheduled to inaugurate Biban 23 Forum, which will last until March 13 and will be held under the theme: “Fostering Tangible Opportunities,” with the participation of over 350 local and international speakers and 750 exhibitors from local and international entrepreneurs, in the presence of several officials, entrepreneurs, investors and decision-makers.
Biban 23 allows entrepreneurs to learn about investment opportunities in the Kingdom and sees the participation of more than 120 enablers of the Small and Medium Enterprises (SMEs) in the areas of procedures, finance and services, in addition to the participation of 34 government entities reviewing their services to SMEs, in a bid to overcome the challenges and difficulties facing them in all sectors. The number of visitors to the forum is expected to exceed 105,000.
The Forum, which opens daily from 04:00 pm to 11:00 pm, contributes to an entrepreneurial environment that encourages young people to enter the world of entrepreneurship, build local and international entrepreneurial networks, promote communication between investors and entrepreneurs, boost communication among them and sponsor creative ideas and investment methods in a way that achieve the goals of the Saudi Vision 2030 that seeks to increase SME’s contribution to GDP to 35%.
The 9 doors of Biban 23 were designed to meet SMEs’ and entrepreneurs’ requirements: startup, growth, enablement, e-commerce, funding, innovation, franchise and market.
Visitors to the Biban 23 Forum can attend up to 300 training workshops, with an estimated number of some 20,000 beneficiaries. The workshops also discuss various topics, including financial management, the experience of franchising, transition to e-commerce, risk management strategy, supply chain management, strategic planning, and enterprise growth, as well as other topics that familiarize entrepreneurs with the strategic plans and operational work of their development business.
The forum will host the finals of the Entrepreneurship World Cup with the participation of more than 200 countries; It is the first and largest tournament of its kind in the world.
The Kingdom will also host the final qualifications of the competition. The closing ceremony will feature awards, with the attendance of the best leading 100 entrepreneurs who have qualified for the finals, where cash prizes reach up to USD1 million.
The forum will witness qualitative announcements and agreements that directly support entrepreneurship in several sectors, mainly technology, tourism, entertainment, culture and sports. The event will also help startups expand in the local market through diversified financing solutions.
Source: Saudi Press Agency