Saudi economy

The Biban 23 Forum concluded its first day in Saudi Arabia, witnessing a series of sessions and workshops that discussed several topics on entrepreneurship, investment, SME sector and ensuring entrepreneurial opportunities in various sectors.

More than 25 agreements and MoUs were signed on the first day and more than 10 billion Riyals of financing initiatives were initiated.

As part of the activities of the “Piban” forum, the Arab National Bank introduced financial products worth 1.1 billion riyals.

An agreement worth 1 billion riyals was signed between Monshaat and Bank Albilad to provide financing products to small and medium enterprises, and another agreement was signed between Monshaat and Al Jaber Finance Company to launch financial products worth 500 million riyals.

Monshot signed an agreement with Alinma Bank to launch financing products worth 500 million riyals, and Monshot and National Bank of Saudi Arabia signed an agreement to launch financing products worth 1 billion riyals.

A franchise cooperation agreement was signed between Manshad and Al-Amtal Finance to provide financing projects worth 100 million riyals and an agreement was signed between Banque Saudi Fransi and Saudi Export-Import Bank worth 1. billion riyals.

Manshad renewed a cooperation agreement with Al Rajhi Bank to introduce financing products worth 2.1 billion riyals, and another agreement with Al Jaber Finance Company to introduce financing products worth 100 million riyals.

“Bab Al Intilaaqah” deals with a series of specialized workshops, including generating ideas and preparing a model for a project, a workshop on “From Idea to Market”, a workshop on “Feasibility Study” and another on “Steps to Establish a Business.”

The “Door to Franchising” workshops reviewed the sustainable franchise structure, “Ways to improve the ecosystem of the franchising industry”, “The importance of producing creative products that expand the geographic scope of the brand” and “The experience of acquiring business”. right”.

The workshops held at the “e-commerce door” focused on knowledge enabling the launch, development and management of e-commerce sites as they defined methods of using these sites and online presence strategies. “E-Commerce Challenges”, “Investment Opportunities in Transport Sector” and “Encouraging Companies to Benefit from Future Skills Program” were also discussed to ensure effective use of e-marketing tools.

Workshops on “Gateway to Growth” shed light on “Managing Retail Markets and their Salient Characteristics”, “Strategic Planning”, “Investment Strategies in Emerging Projects”, “Supply Chain Management” etc. and “Business Contracts” and “Organizational Development”, “Marketing for Corporate Business”, “How to Start Your Business in Saudi Arabia”, “Financial Management for Small Enterprises”, “Basics of Business Contracts”, “Basics of Human Resources” Management”, and “Ownership Opportunities”. Business”.

In “Investors Square” two workshops were held with links on how to present to investors, the importance of attracting investors for the development of your company, types of investment and its various levels and its impact on the development of the company’s business. and acquisitions and combinations of business entities and investments.

The workshop at “Bab of Innovation” was titled “Launch the Cyberthon Hackathon” along with two other workshops “Launch Innovative Services” and “Maidaan Competition”.

It is noteworthy that the “Pipan 23” forum, organized under the slogan “Create Opportunities Leadership”, sees a wide participation of entrepreneurs and investors from all over the world.Entrepreneurial culture.

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