The Small and Medium Enterprises General Authority ("Monshaat") has announced the launch of the Biban 2024 forum, running from November 5 to 9 in Riyadh under the slogan "A Global Destination for Opportunities." The forum brings together more than 250 local and international speakers and 1,350 exhibiting entrepreneurs, serving as a leading platform to support and develop small and medium enterprises and strengthen their growth and competitiveness.

Forum Objectives

Biban 2024 seeks to:

  • Foster a culture of entrepreneurship and support ambitious entrepreneurs.
  • Highlight investment opportunities in the public and private sectors.
  • Build connections between local and international entrepreneurs.
  • Support the growth and sustainability of businesses in line with Saudi Vision 2030's goal of increasing the contribution of small and medium enterprises to GDP.

Key Forum Events

  • The Entrepreneurship World Cup: finals featuring 151 countries and cash prizes of up to $1 million.
  • 420 training workshops targeting more than 19,000 beneficiaries.
  • Nine main gateways covering different areas of entrepreneurship, including empowerment, e-commerce, finance and investment, and innovation, among others.

Expected Impact

The forum is expected to draw more than 120,000 visitors, along with the signing of numerous agreements supporting small and medium enterprises and boosting innovation and economic growth.