BIBAN-GLOBAL
Today, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia (Monsha'at) has underlined its commitment to advancing entrepreneurship in the Kingdom. In line with Vision 2030, Monsha’at has signed a range of agreements with a selection of leading regional and global entities.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230312005012/en/
Biban 2023 features over 350 inspiring speakers from around the world (Photo: AETOSWire)
Contributing to the growth and development of the national economy, the partnerships were launched today — the third day of Biban 2023 — at the Riyadh Front Exhibition & Conference Center.
As part of its mission to empower the Kingdom’s thriving community of entrepreneurs and enhance the Saudi SME ecosystem, Monsha’at signed a Memorandum of Understanding (MoU) with Zoho Software Trading Company Limited (ZOHO). In addition, it signed an MoU with Neoleap: the global digital solutions company, and GoDaddy, the leading domain registrar.
The MoUs will be focused on leveraging the respective partnerships’ resources, expertise and networks to provide state-of-the-art financing solutions and electronic payments to the Kingdom’s retail and online stores. The agreements are fully geared towards accelerating the digital transformation of retail and e-commerce in the country, powering the future of Saudi SMEs in the modern retail space.
One of the major highlights of the day was a $2.8 billion funding sum delivered by SME Bank across its programs over 3 years.
These partnerships mark the latest arrangements announced at Biban 2023: Saudi Arabia’s flagship startup and SME forum.
Bringing regional as well as international entrepreneurs, SME owners, investors, and policymakers together, Biban provides over 105,000 participants a productive environment to network, collaborate and pioneer solutions to global business challenges. This year’s event is being held under the theme “Attract-Connect-Achieve”.
In addition to the announcement of Monsha’at’s MoUs, Day 3 of Biban 2023 also provided the backdrop for the launch of wide-ranging initiatives focused on bolstering the Kingdom’s SME community.
Offering access to all-important tools and insights, PricewaterhouseCoopers (PwC) — the leading professional services network — is providing 500 free hours of consulting to local SMEs and entrepreneurs, in addition to training workshops targeting women entrepreneurs and social entrepreneurs.
The Global Finals of the Entrepreneurship World Cup (EWC) also continued during Biban’s third day, with some of the world’s most innovative startups competing for up to $1 million in cash prizes.
*Source: AETOSWire
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230312005012/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
DAIICHI-SANKYO31.8.2024 17:01:35 CEST | Press release
Daiichi Sankyo Shines a Light on Inequalities and Unmet Needs in Care as Part of Its Commitment to People With Cardiovascular Disease
SUZANO31.8.2024 00:41:35 CEST | Press release
Suzano completes purchase of 15% stake in Lenzing AG
ANT-INTERNATIONAL30.8.2024 20:47:31 CEST | Press release
Ant International Collaborates with Brazilian Partners to Drive Financial Inclusion with Innovative Credit Tech Solutions
NJ-WIPRO-LIMITED30.8.2024 16:21:28 CEST | Press release
Wipro Appoints Srikumar Rao as Global Head of Its Engineering Edge Business Line
MA-ALNYLAM30.8.2024 12:01:34 CEST | Press release
Alnylam Presents Detailed Results from the Positive HELIOS-B Phase 3 Study of Vutrisiran▼ in Patients with ATTR Amyloidosis with Cardiomyopathy at the European Society of Cardiology Congress
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom