Day three of the Biban 24 forum, organized by the Small and Medium Enterprises General Authority ("Monsha'at") under the theme "A Global Destination for Opportunities," saw the signing of 23 strategic agreements and the launch of notable initiatives worth more than 580 million riyals, aimed at supporting entrepreneurship and boosting the growth of small and medium enterprises across various sectors, as part of efforts to achieve Saudi Vision 2030's goals for developing the business environment.

Among the key agreements, Monsha'at signed a partnership with the Saudi Cloud Computing Company (SCCC) to provide advanced technical solutions for digital transformation and hold workshops and training courses to support entrepreneurs. It also signed a cooperation agreement with Microsoft to provide cloud computing services to entrepreneurs via the "Founder Hub" platform, another partnership with Zoom to offer discounted technology solutions for virtual meetings, and an agreement with Oracle to support startups in cloud computing and data analysis.

The forum also saw the signing of several agreements aimed at developing entrepreneurs' skills, with Monsha'at signing an agreement with Omnia Education Partnerships to provide advanced training programs for small companies, and a partnership with "Mokafaha" to support the retail sector by offering training programs at the Retail Academy and boosting franchising.

In the financing space, "Monsha'at Bank" signed agreements with various entities, including the Environment Fund and the Saudi Bar Association, to provide financing solutions for small and medium enterprises, while the Tourism Development Fund signed several agreements worth a combined total of more than 580 million riyals with multiple financial institutions to support tourism projects, contributing to the development of the local tourism sector.

On the initiatives front, Microsoft launched a competition to support entrepreneurship, while Google launched a digital marketing empowerment initiative in partnership with Monsha'at, and Riyad Bank launched the "Purchasing Managers' Index" for small and medium enterprises to track the sector's economic performance. The Ministry of Industry and Mineral Resources also announced the second edition of the "Namow" program to support industrial incubators and accelerators, along with a new program to boost competitiveness and improve energy consumption at small industrial facilities.

In e-commerce, Squadio launched its "Build Up" product in partnership with Monsha'at, while Zid announced new solutions for retailers via the "Na'eem" platform, integrating WebEngage and Sabspeeds services to support retailers.

Day three also included the launch of the Saudi City for Social Entrepreneurship program, which seeks to help Saudi cities build an environment conducive to the growth of social entrepreneurship, contributing to knowledge exchange and boosting innovation.