RIYADH: Social entrepreneurship — the creation of businesses willing to tackle social, cultural, or environmental challenges — can play a major role in Saudi Arabia’s development, experts in the nonprofit sector told an event in Riyadh this week.
The Social Entrepreneurship Week organized by the Entrepreneurship Vision Association in partnership with the Small and Medium Enterprises General Authority, Monsha’at, ran from June 14-18 in Riyadh.
Leaders, decision-makers, entrepreneurs, and representatives from more than 40 government, private, and nonprofit entities took part in the event.
The week featured more than 50 entrepreneurial meetings focusing on social investment, food security, resource management, and the role of developmental institutions in building social capacity for enterprises.
Prince Fahd bin Mansour bin Nasser, chairman of the Board of the Entrepreneurship Vision Association, said that community entrepreneurship is a fundamental pillar of sustainable development.
