Riyadh: Thirty-six startups secured direct angel investments at Biban24 Forum after pitching projects in the “Investor Arena” before a group of prominent local and international investors.

According to Saudi Press Agency, on the first day of the forum, six startups finalized investment deals; 10 did so on the second day, and 20 successfully secured investments on the third day, reflecting the strength and attractiveness of the entrepreneurial ecosystem in the Kingdom.

The “Investor Arena” is one of the innovative initiatives launched by the Biban24 Forum, bringing together entrepreneurs, and leading local and international investors. It serves as an ideal platform for discovering suitable investment opportunities.

Investors in the arena aim to empower entrepreneurs by enabling them to present their projects to angel investors, and help accelerate investment.

This initiative aligns with the Small and Medium Enterprises General Authority (Monsha’at) vision to support and develop the entrepreneurial environ
ment in the Kingdom, and solidify its position as a leading destination for angel investments.