Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) is set to unveil $2 billion worth of initiatives and agreements across technology, tourism, entertainment, education, and financial services during the Biban 2025 Forum.

Scheduled to take place from November 5 to 8 at the Riyadh Front Exhibition and Conference Center, the event will be held under the theme “A Global Destination for Opportunities.”

In 2024, Saudi Arabia led the Middle East in venture capital investment for SMEs, attracting around $750 million.

According to Monsha’at, the upcoming initiatives and agreements will strengthen collaboration between the public and private sectors while fostering a more dynamic environment for startups to scale both locally and globally.

The authority noted that these efforts reflect the “rapid development of the Saudi entrepreneurship ecosystem as a key driver of the national economy.”

Biban 2025 will also feature international cooperation agreements with Japan, South Korea, and Qatar, aimed at attracting regional and global companies to Saudi Arabia and positioning the Kingdom as a leading hub for innovation, startups, and investment.

“This will contribute to enhancing funding opportunities and building quality partnerships that support innovation and growth in the local market,” Monsha’at said.