In November 2024, Saudi Arabia will strengthen its reputation as a global hub for investment and innovation through Biban24, the Kingdom’s flagship forum for startups, entrepreneurs, and SMEs. Organized by Monsha’at, Saudi Arabia’s Small and Medium Enterprises General Authority, Biban24 is set to offer entrepreneurs and investors a range of “Doors” designed to foster growth, collaboration, and access to new opportunities. The event, held from 5–9 November at the Riyadh Front Exhibition & Conference Center, is themed Global Destination for Opportunities and will showcase the Kingdom’s commitment to expanding its entrepreneurial ecosystem, attracting business talent and innovators from around the world.
A Gateway to Saudi Arabia’s Vision for 2030
Biban24 aligns with Saudi Arabia’s Vision 2030, aiming to diversify the economy by creating a thriving environment for small businesses, fostering innovation, and attracting foreign investment. This year, the conference will immerse attendees in an atmosphere conducive to growth, with each of the nine “Doors” offering a tailored experience to address specific needs of SMEs and aspiring entrepreneurs. These nine Doors include: Enablement, Fast-Growing Enterprises, Funding and Investment, Startup, Innovation, E-commerce, Franchise, and Market. Each Door will provide specialised resources and insights to help attendees scale their businesses, enter new markets, and build strategic partnerships.
Exploring the Nine Doors of Opportunity
The “Enablement” Door
Focused on empowering SME owners and entrepreneurs, the Enablement Door will highlight initiatives tailored to long-term business success. Participants will have access to exclusive investment opportunities and purchasing platforms designed to support SME growth across various sectors.
The “Fast-Growing Enterprises” Door
This Door celebrates the achievements of SMEs on the rise, spotlighting local and international success stories and introducing programs that help fast-growing enterprises expand their global reach. It provides a platform for SMEs to network, learn from industry leaders, and gain insights into scaling their operations internationally.
The “Funding and Investment” Door
For those seeking financial backing, the Funding and Investment Door will offer a range of solutions, including loans, financial consultations, and investment opportunities. This Door enables SMEs to explore various funding avenues, from traditional lending to venture capital, all under one roof.
The “Startup” Door
Connecting SMEs with service providers and investment entities, the Startup Door focuses on equipping new businesses with the tools they need to succeed. This Door aims to foster collaborations between entrepreneurs, innovators, and investors, creating an environment for startups to thrive.
The “Innovation” Door
Highlighting Saudi Arabia’s drive toward groundbreaking advancements, the Innovation Door showcases services and initiatives that support entrepreneurs throughout their innovation journey. It will emphasise pioneering ideas and unique solutions, creating pathways for businesses to lead in innovation and creativity.
The “E-commerce” Door
Recognising the importance of digital transformation, the E-commerce Door will raise awareness about the potential of online retail in today’s economy. It aims to support SMEs in adopting e-commerce solutions, driving business digitalisation and contributing to economic growth across the region.
The “Franchise” Door
This Door will introduce franchising as a strategic model for expansion, showcasing a range of investment opportunities in both global and local franchise brands. The Franchise Door provides a platform for franchisees and franchisors to connect, allowing businesses to explore the benefits of franchising as a route for sustainable growth.
The “Market” Door
Offering SMEs a platform to showcase their products and services, the Market Door will help companies promote their brands to a global audience. This Door provides visibility and networking opportunities, making it an ideal space for SMEs to expand their reach and attract potential customers.
A Collaborative Hub for Global Entrepreneurs
Biban24 will welcome an array of entrepreneurs, business leaders, innovators, and government officials, making it a key networking event in the global SME landscape. The forum encourages participants to forge meaningful partnerships, exchange ideas, and explore collaborative opportunities. This gathering of minds offers a unique platform for shaping the future of SMEs worldwide, positioning Saudi Arabia as a leading destination for entrepreneurs seeking growth and investment opportunities.
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