Biban24 Propels Saudi Entrepreneurial Ecosystem Growth, Development

KUALA LUMPUR, Nov 11 (Bernama) -- More than 23 agreements were signed, along with several project launches valued at over 580 million Saudi riyals, on the third day of the Biban24. (100 Saudi riyals = RM117.40)

According to a statement, Biban 2024 aims to drive the growth and development of the Saudi entrepreneurial ecosystem, fostering collaboration among local and international entrepreneurs.

Emphasising its commitment to advancing entrepreneurship in the Saudi tourism sector, the Tourism Development Fund has signed several landmark agreements with a range of financial institutions, including Arab National Bank, Raedah Finance, and Tawkeel Finance.

In line with Vision 2030, these agreements are fully geared towards strengthening small and medium-sized enterprises (SME) in the tourism sector and supporting projects that contribute to the development of local tourism.

Among others, Monsha’at also signed agreements to equip entrepreneurs with the tools to realise their potential by providing greater access to vital technical and technological guidance, as well as cloud services to reaffirm its commitment to powering the future of the Kingdom’s SME sector.

Organised by Monsha'at, the Small and Medium Enterprises General Authority, the event was held under the theme "A Global Destination for Opportunities” and took place at the Riyadh Front Exhibition & Conference Center.

-- BERNAMA