RIYADH: The General Authority for Small and Medium Enterprises, also known as Monsha鈥檃t, has signed a memorandum of understanding with the Swedish Trade and Investment Council on the sidelines of the Biban 2025 Forum.
The agreement aims to connect Saudi companies seeking international expansion with Swedish business incubators and accelerators, as well as develop training programs for academic leaders specializing in entrepreneurship education, according to the Saudi Press Agency.
It also seeks to leverage Sweden鈥檚 pioneering experience in implementing simulation-based educational programs within entrepreneurship curricula.
The MoU was signed by Saud Al-Subaie, deputy governor of Monsha鈥檃t for Entrepreneurship, and Nebe Al-Mayahi, trade commissioner and head of the Swedish Trade and Investment Council in the Kingdom, in the presence of Petra Menander, Sweden鈥檚 ambassador to 海角直播.
This partnership reflects Monshaat鈥檚 commitment to leveraging global best practices in supporting entrepreneurship and fostering an enabling educational environment that contributes to developing generations capable of innovation and leadership, in line with the Kingdom鈥檚 Vision 2030, which aims to build a knowledge-based economy and support small and medium-sized enterprises.
The Biban 2025 Forum, held at the Riyadh Front Exhibition and Convention Center from Nov. 5 to 8 under the theme 鈥淎 Global Destination for Opportunities,鈥 witnessed broad participation from international and local entities.
Agreements and deals exceeding SR22 billion ($5.87 billion) have been signed, reinforcing the forum鈥檚 position as a global platform for providing opportunities and empowering entrepreneurs from around the world.
