Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) will launch $2 billion in new initiatives and agreements across technology, tourism, entertainment, education, and financial services at the Biban 2025 Forum, taking place from Nov. 5–8 at the Riyadh Front Exhibition and Conference Center.
Held under the theme “A Global Destination for Opportunities,” the event highlights the Kingdom’s efforts to expand its entrepreneurial ecosystem under Vision 2030, aiming to boost SME contributions to GDP from 30% to 35%.
With over 1.8 million SMEs currently operating, Saudi Arabia led the Middle East in 2024 with around $750 million in venture capital funding. Monsha’at said the upcoming agreements will strengthen collaboration between the public and private sectors and create a more supportive environment for startups locally and internationally.
The forum will also feature international partnerships with Japan, South Korea, and Qatar, designed to attract global investors and position Saudi Arabia as a regional hub for innovation and entrepreneurship.
Through Biban 2025, Monsha’at aims to accelerate SME growth, drive innovation, and support Vision 2030’s goal of building a thriving, diversified economy.