Saudi Arabia's Biban 2023 Forum Shows The Kingdom's Commitment To Become A Leading SME Hub

The 2023 edition of Biban, a Saudi Arabia-based forum for startups and SMEs, brought together investors, owners, and policymakers to Riyadh from March 9-13, 2023, in a bid to underline Saudi Arabia's commitment to transform into a world-class SME hub.

Held under the slogan of "Fostering Tangible Opportunities," Biban 2023 saw 25 agreements launched alongside a range of investment initiatives on its first day alone.

Among these, a whopping US$2.93 billion was pledged by eight attending banking institutions and financing entities for the sole purpose of funding the Kingdom's SME ecosystem. In line with Saudi Arabia's Vision 2030, these agreements are expected to contribute