Monsha’at Highlights Saudi Unicorn Hopefuls At VivaTech Paris
KUALA LUMPUR, June 16 (Bernama) -- Monsha'at, Saudi Arabia's small and medium enterprises (SMEs) general authority, led a group of five potential Saudi unicorn SMEs to participate in a recently held VivaTech 2025, Europe’s leading technology and innovation exhibition.
Concluded on June 14, the four-day event was a key opportunity for Monsha’at to expose high-potential Saudi startups to global best practices, industry insights, and strategic networks with global stakeholders; gain fresh perspectives; and acquire the skills and contacts they need to globally scale.
“Our participation at VivaTech 2025 was a tremendous opportunity to not only showcase several of the best young startups and concepts coming out of the Kingdom.
“It was also a chance to allow some of our best tech entrepreneurs to share insights about the Kingdom’s booming startup ecosystem with leading global investors and innovators,” said Monsha’at Vice Governor of Entrepreneurship, Saud Alsabhan.
The Monsha’at-led Saudi cohort included five startups, namely Telgani, a digital car rental platform; Soum, a second-hand sales app; Webook, a digital engagement platform; SiFi, a financial solutions provider; and Rewaa, a retail tech company.
Monsha'at in a statement said these companies showcase the dynamism of Saudi Arabia’s growing e-commerce, transportation, entertainment technology, fintech, and retail tech sectors.
Their involvement comes at a time of strong momentum for the Kingdom’s SME and startup ecosystems as Saudi Arabia’s private sector, in the first quarter of 2025, recorded a 48 per cent quarter-over-quarter increase in commercial registrations, reaching 1.68 million active registrations nationwide.
Monsha’at’s presence at VivaTech 2025 underlines Saudi Arabia’s commitment to fostering entrepreneurship, enabling international partnerships, and accelerating the growth of Saudi tech leaders, particularly SMEs.
-- BERNAMA