Biban 24 to feature multiple investment rounds: Monsha'at

Logo of Biban 24 Forum

The upcoming Biban 24 Forum will feature over 125 project ideas in the Investors' Arena, attracting both local and international investors, Abdulaziz A. Aljaffali, General Manager of Funding at Small and Medium Enterprises General Authority (Monsha'at), told Argaam.

According to Aljaffali, entrepreneurs will pitch their companies to leading investors across a range of sectors, including technology, fintech, and artificial intelligence (AI).

Aljaffali added that the forum is expected to announce several investment rounds, bringing together startups from sectors such as technology, healthcare, smart agriculture, renewable energy, and e-commerce.

These rounds will provide investors with a unique opportunity to explore ready-to-launch projects, enhancing the potential for quality investments within the Kingdom.

“Monsha’at focuses on facilitating access to diverse funding sources for small and medium-sized enterprises (SMEs), helping them grow through investment rounds and expanding opportunities for both local and international investors,” Aljaffali noted.

Biban 24 will spotlight 840 local and international startups across more than five key sectors, giving investors the chance to discover innovative, ready-to-launch projects. This will further strengthen Saudi Arabia’s appeal as a destination for quality investments.

Additionally, the forum will host the finals of the Entrepreneurship World Cup, featuring projects from 52 countries competing for over 100 investment opportunities. This will allow investors to explore global innovations and expand their international networks.

Aljaffali also highlighted that platforms such as the Investors’ Arena and the Networking Lounge will give investors the opportunity to meet with emerging projects and evaluate their business models, facilitating well-informed investment decisions based on a detailed understanding of these companies' potential. He encouraged local and international investors to register through the official forum website, where they can sign up as "Investors" to assess project pitches and explore potential investment opportunities with exhibiting companies.