AGREEMENTS WORTH OVER 1.35 BLN SAUDI RIYALS SIGNED ON DAY TWO OF BIBAN 2024

KUALA LUMPUR, Nov 8 (Bernama) -- The second day of the Biban24 forum saw 20 agreements worth more than 1.35 billion Saudi riyals signed. (100 Saudi riyals = RM116.88)

In line with Vision 2030, these partnerships and agreements were launched to empower Saudi Arabia’s thriving community of entrepreneurs and advance entrepreneurship in the Kingdom and beyond, according to a statement.

Day two of the Biban gathering called attention to Saudi Arabia’s growth as a global investment hub, with the Social Development Bank’s (SDB) announcement of several key agreements with leading local and regional entities, among some of the highlights of another eventful day at the forum.

Having signed partnership and strategic agreements with leading bodies and organisations such as the Ministry of Industry, the Ministry of Health, and Albilad Bank, SDB will work closely with these entities to empower and finance entrepreneurs in the industrial, health, and technological sectors.

In addition, SDB will collaborate with each partner to provide access to electronic payment services to achieve financial sustainability for associations and support freelancers.

The largest event of its kind in the Kingdom, Biban24 is the flagship startup and small and medium-sized enterprises (SME) forum, held for five days beginning Nov 5 at the Riyadh Front Exhibition & Conference Center.

Organised by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, this year’s gathering was hosted under the theme of Global Destination for Opportunities.

-- BERNAMA