Saudi Arabia’s Biban Forum 2025 opened in Riyadh with more than SR22.3bn ($5.9bn) worth of entrepreneurship and SME agreements announced on the first day.
Organised by the Small and Medium Enterprises General Authority (Monsha’at), the forum witnessed the signing of over 30 agreements and memoranda of understanding, alongside the launch of several financing and entrepreneurship initiatives aimed at strengthening the Kingdom’s position as a global hub for innovation and enterprise.
Monsha’at itself signed a series of key cooperation deals, including agreements with Saudi Aramco, the Social Development Bank, and the Saudi Reef Academy.
Biban Forum 2025 in SaudiArabia
The partnerships focus on supporting high-growth enterprises, providing financing and training programmes for entrepreneurs, and empowering agricultural startups through business development and sustainability initiatives.
Local banks also partnered with Monsha’at to establish dedicated financing portfolios designed to expand funding options for micro, small, and medium enterprises, supporting their investment and growth activities.
On the international front, Monsha’at concluded collaboration agreements with partners from Japan, Korea, Thailand, Singapore, India, Sweden, and France.
These initiatives aim to develop joint economic environments, support technology startups, and create incubators, accelerators, and mentorship programmes that foster knowledge sharing and global innovation.
The Biban Forum serves as one of the Kingdom’s flagship entrepreneurship platforms, aligning with Vision 2030 objectives to diversify the Saudi economy, encourage private-sector growth, and expand opportunities for local and international entrepreneurs.
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