Saudi Arabia’s Biban 24 event, themed “A Global Destination for Opportunities,” concluded with agreements surpassing SR35.4 billion ($9.42 billion), underscoring the Kingdom’s commitment to advancing the SME sector. Organized by Monsha’at, the General Authority for Small and Medium Enterprises, the event welcomed more than 182,000 attendees over five days, signaling strong support for entrepreneurship in Saudi Arabia.
Monsha’at Gov. Sami bin Ibrahim Al-Husseini hailed Biban 24 as a pivotal moment for the Kingdom’s entrepreneurial landscape. He highlighted the record-setting agreements and strategic initiatives launched during the event, aligning with Vision 2030’s goals to increase SMEs’ contribution to Saudi Arabia’s GDP. “The forum’s success is a testament to the commitment of public and private sector partners in empowering entrepreneurs to launch and grow their ventures,” Al-Husseini stated.
Biban 24 featured collaborations with global organizations like the Estonian Business and Innovation Agency, Bahrain’s Tamkeen, and Alibaba Cloud, alongside numerous financing agreements with Saudi banks totaling SR15 billion to support SMEs. The event hosted over 300 workshops, 1,350 startups from 72 countries, and an Investor Arena with deals amounting to SR15 million.
Entrepreneurs also gained insights from industry experts across various sectors, while new platforms like the Real Estate Innovation Accelerator and “360 Platform” virtual incubator spotlighted startup success stories. With more than 70 local and international incubators participating, Biban 24 continues to shape Saudi Arabia’s dynamic entrepreneurial ecosystem.