海角直播

Global spotlight on Riyadh as Biban Forum 2025 opens

Global spotlight on Riyadh as Biban Forum 2025 opens
Billions of riyals in potential agreements expected as investors and startups converge. SPA
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Updated 1 min 12 sec ago

Global spotlight on Riyadh as Biban Forum 2025 opens

Global spotlight on Riyadh as Biban Forum 2025 opens
  • Event highlights Kingdom鈥檚 rise as a global hub for innovation and SMEs

RIYADH:聽海角直播鈥檚 flagship entrepreneurship event, Biban Forum 2025, opened in Riyadh on Wednesday, drawing tens of thousands of investors, innovators, and business leaders from around the world as the Kingdom strengthens its position as a global hub for startups and small businesses.

Organized by the Small and Medium Enterprises General Authority under the theme 鈥淕lobal Destination for Opportunities,鈥 the four-day event at the Riyadh Front Exhibition and Conference Center has attracted more than 140,000 participants from over 150 countries, including startup founders, venture capitalists, policymakers and CEOs.

With billions of riyals in potential deals and hundreds of international companies participating, Biban Forum has become a cornerstone of 海角直播鈥檚 drive to diversify its economy and foster innovation under Vision 2030.

鈥淏iban Forum 2025 is more than an event 鈥 it is a bridge between ideas and investment, where local and global entrepreneurs find the support they need to scale,鈥 said Monsha鈥檃t Gov. Sami Ibrahim Al-Hussaini.

FASTFACT

鈥 40,000 participants from more than 150 countries attend the four-day forum in Riyadh.

鈥 Billions of riyals in potential agreements expected as investors and startups converge.

鈥 Entrepreneurship World Cup Global Finals hosted for the third consecutive year.

It also hosts the Global Finals of the Entrepreneurship World Cup for the third consecutive year, held in partnership with the Mohammed bin Salman Foundation and the Global Entrepreneurship Network.

The 2025 EWC finals bring together 100 global startups from a pool of over 10,300 entrepreneurs across 169 countries, competing live on stage in Riyadh for $1.5 million in cash prizes and access to international investors and mentors. Since its launch, the competition has attracted more than 420,000 entrepreneurs from 191 countries.

Coinciding with the event, Monsha鈥檃t released a report highlighting the rapid progress of the Kingdom鈥檚 startup ecosystem. It showed 1.7 million active commercial registrations by the end of the third quarter of 2025, with SMEs employing more than 8.4 million people.

The report also pointed to gains in key sectors. Women鈥檚 workforce participation rose to 43.5 percent, inbound tourism spending climbed 9.7 percent in the first quarter, and the real estate market continued to expand, with 47,286 off-plan residential units licensed in the third quarter.

The e-sports industry grew 72 percent year on year, while financing to small and medium enterprises increased 20 percent, with commercial banks accounting for 96 percent of total lending.

鈥淎s 海角直播 accelerates its transformation into a premier hub for entrepreneurship and opportunity, Biban Forum serves as a powerful platform to showcase talent, unlock partnerships, and contribute to the goals of Saudi Vision 2030,鈥 Al-Hussaini said.


PIF-backed Savvy Games, Humain sign AI deal to boost Saudi innovation drive聽

PIF-backed Savvy Games, Humain sign AI deal to boost Saudi innovation drive聽
Updated 17 sec ago

PIF-backed Savvy Games, Humain sign AI deal to boost Saudi innovation drive聽

PIF-backed Savvy Games, Humain sign AI deal to boost Saudi innovation drive聽

JEDDAH: 海角直播鈥檚 Public Investment Fund-backed Savvy Games Group has signed a partnership with fellow portfolio firm Humain to deploy full-stack artificial intelligence across operations, strengthening the Kingdom鈥檚 emerging innovation ecosystem. 

The memorandum of understanding will see Savvy leverage Humain鈥檚 AI systems, data platforms, infrastructure, and applications to enhance efficiency across key functions including human resources, procurement, and finance, the companies said in a joint statement. 

The two firms will also collaborate on research and development and explore new AI applications across Savvy鈥檚 business lines. Humain will provide access to its advanced data centers and cloud computing services, supporting Savvy鈥檚 digital transformation and productivity goals. 

The Kingdom is actively building its capabilities by integrating artificial intelligence across various sectors, hosting AI-focused events, forging partnerships with global tech leaders, and investing in local talent development. 

These efforts aim to drive economic growth, build a digitally advanced society, and reinforce 海角直播鈥檚 AI leadership. 

Brian Ward, CEO at Savvy Games Group, said: 鈥淲e are looking forward to working with Humain to identify and unlock ways that would enhance the way we utilize AI at Savvy.鈥 

He added: 鈥淗umain operates across the entire AI value chain from data and infrastructure to models and end-user application, so there are a lot of opportunities for us to look at and create tangible programs of activities.鈥 

His counterpart at Humain, Tareq Amin, said: 鈥淭his partnership comes at an exciting time with the recent launch of Humain One at FII9. This agentic AI operating system is a game changer, and we are thrilled to have Savvy as one of the early adopters.鈥 

Amin added that game development is among the most dynamic sectors where leveraging AI solutions can significantly enhance both creativity and productivity. 

The partnership exemplifies the power of collaboration between PIF鈥檚 portfolio companies 鈥 exchanging knowledge, aligning strategic capabilities, and unlocking shared value, the release added. 

These synergies support PIF鈥檚 AI and digital economy strategy by positioning 海角直播 as a globally competitive hub for innovation and talent development, fostering the growth and diversification of the domestic economy. 

Savvy Games has positioned itself as a key driver of the Kingdom鈥檚 gaming and esports sector. In its 2024 annual report, the company highlighted strong growth across three main pillars: game development and publishing, esports, and ecosystem building. 

A centerpiece of its activities was the Esports World Cup held in Riyadh, which drew 2,000 players from 200 clubs competing for a $70 million prize pool across 24 game titles, underscoring Savvy鈥檚 commitment to expanding 海角直播鈥檚 footprint in competitive gaming. 

Meanwhile, Humain recently reached a $3 billion agreement with Asia-Pacific data center provider AirTrunk, backed by Blackstone and the Canada Pension Plan Investment Board, to develop a large-scale AI-ready data center campus in the Kingdom. 

Under this deal, Humain will lead 海角直播鈥檚 efforts to deliver advanced AI infrastructure, while AirTrunk and its global partners contribute operational expertise and investment capacity. 

The initiative aligns with the company鈥檚 mandate to position the Kingdom as a global AI leader and reinforces its commitment to building best-in-class digital and AI capabilities. 

It was announced in October that energy giant Saudi Aramco has signed a non-binding term sheet to acquire a significant minority stake in Humain.

The proposed deal will see both Aramco and PIF contribute AI-related assets, capabilities, and talent to help scale Humain鈥檚 operations and capture new value in the rapidly expanding data and AI sector, according to a joint statement from the companies.