RIYADH: The second day of the Biban Forum 2025 witnessed the signing of 21 agreements, as well as the launch of five new initiatives.
These efforts reflect the commitment of various entities to support entrepreneurship and empower small and medium enterprises in line with Saudi Vision 2030’s goals to enhance economic diversification, stimulate innovation, and promote sustainable growth.
According to the Saudi Press Agency, the Small and Medium Enterprises General Authority, also known as Monsha’at, signed several memorandums of understanding and cooperation agreements aimed at supporting entrepreneurship and enabling micro, small, and medium-enterprises across different sectors.
These included an MoU with the Alwaleed Philanthropies Foundation to support and empower the social entrepreneurship ecosystem, and another with the Al-Ahsa Development Authority to enhance the investment environment in the region and support local entrepreneurs.
Monsha’at also signed a cooperation agreement with the Saudi Tourism Authority to empower tourism-related businesses through initiatives, investment opportunities, and training programs, in addition to an MoU with the National Center for Inspection and Compliance to enhance performance quality and regulatory compliance among enterprises.
