Riyadh, Saudi Arabia, March 12, 2023–(BUSINESS WIRE)–Today, the Royal Small and Medium Business Authority of Saudi Arabia (Monsha’at) underscored its commitment to promoting entrepreneurship in the Kingdom. In line with Vision 2030, Monsha’at has signed a series of contracts with a selection of leading regional and global companies.
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Biban 2023 will feature over 350 inspiring speakers from around the world (Photo: AETOSWire)
The partnership to contribute to the growth and development of the national economy was launched today on the third day of Vivan 2023 at the Riyadh Front Exhibition & Conference Centre.
As part of its mission to empower the Kingdom’s thriving entrepreneurial community and strengthen Saudi Arabia’s SME ecosystem, Monsha’at has signed a Memorandum of Understanding (MoU) with Zoho Software Trading Company Limited (ZOHO). Additionally, he has signed MoUs with global digital solutions company Neoleap and leading domain registrar GoDaddy.
The MoUs are focused on leveraging the resources, expertise and networks of their respective partnerships to provide state-of-the-art funding solutions and electronic payments for the Kingdom’s retail and online stores. The deal is aimed entirely at accelerating the digital transformation of retail and e-commerce in the country, boosting the future of Saudi SMEs in the modern retail sector.
One of the major highlights of the day was the $2.8 billion in funding SME Bank provided across its three-year program.
These partnerships mark the latest deals announced at Biban 2023, Saudi Arabia’s flagship startup and small business forum.
Connecting local and international entrepreneurs, small business owners, investors and policy makers, Biban provides over 105,000 participants with a productive environment to network, collaborate, We pioneer solutions to global business challenges. This year’s event will be held under the theme of “attract, connect, and fulfill”.
In addition to announcing Monsha’at’s MoU, the third day of Biban 2023 also set the stage for the launch of a wide range of initiatives focused on strengthening the Kingdom’s SME community.
PricewaterhouseCoopers (PwC), a leading professional services network, provides access to all the essential tools and insights, training workshops aimed at women and social entrepreneurs, as well as local SMEs and We offer entrepreneurs 500 hours of free consulting.
The Global Finals of the Entrepreneurship World Cup (EWC) continued for the third day of Biban, with the world’s most innovative start-ups competing for prizes of up to $1 million.
*sauce: AETOS wire
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