Riyadh: The General Authority for Small and Medium Enterprises (Monsha’at) has issued a specialized report on the “Biban24” forum, under the theme “Biban24: Global Destination for Opportunities.” The five-day forum, running from November 5 to 9, brings together 250 local and international speakers to address key challenges in the entrepreneurship landscape. The forum also provides more than 10,000 investment and business opportunities across various sectors, including tourism, entertainment, and health, accessible at the “Land of Opportunities” zone within the Biban24 forum.

According to Saudi Press Agency, the report highlights the impact of foreign investment policies and incentives on enhancing the Kingdom’s investment climate, supported by privatization initiatives and the National Transformation Program. It also recognizes the role of the Public Investment Fund in fostering growth within priority sectors, aligning with the Kingdom’s transformative goals. Additionally, the report discusses the contributi
ons of national programs to the Kingdom’s economic development.

The Biban24 report reviews significant growth in the Kingdom’s entrepreneurship sector, with 1.5 million active commercial registrations as of Q2 2024. It notes a decline in the Saudi unemployment rate to 7.7% and a trade balance surplus of SAR 98.3 billion. The resilience of the economic system is further evidenced by a 7.6% annual increase in the Kingdom’s total money supply.

To access the report, visit: https://www.monshaat.gov.sa/sites/default/files/2024-11/V10.0?Monshaat?Biban24_AR.pdf.

Biban24 is recognized as a key global event in entrepreneurship, focused on empowering institutions, enhancing administrative, technical, and financial competencies, and showcasing the competitive advantages of the Kingdom’s regions. The forum also emphasizes strengthening strategic partnerships across sectors.