Saudi Arabia’s Small and Medium Enterprises General Authority, Monsha’at, has signed a Memorandum of Understanding (MoU) with the global social media platform X. The agreement was announced on the sidelines of the Biban 2025 forum, currently underway in Riyadh.
The partnership aims to support and empower entrepreneurs and owners of small and medium-sized enterprises across the Kingdom.
A Strategic Push for Digital Efficiency
The core of the collaboration will be a series of specialized workshops designed to develop key skills for business owners. These workshops will focus on enhancing both operational and digital efficiency, equipping entrepreneurs with the tools needed to scale their ventures in an increasingly competitive landscape.
By leveraging X’s global platform and expertise, Monsha’at aims to provide practical, high-impact training that directly addresses the challenges faced by modern SMEs.
Biban 2025 A Global Hub for Opportunities
The signing took place during the second day of Biban 2025, a flagship event organized by Monsha’at from November 5th to 8th under the theme “A Global Destination for Opportunities.”
Held at the Riyadh International Convention & Exhibition Center, the forum convenes over 200 local and international speakers, positioning itself as a leading global platform where entrepreneurs connect with decision-makers, investors, and experts. Biban aims to foster strategic partnerships, uncover new opportunities, and cultivate innovative ideas, contributing directly to the goals of Saudi Vision 2030 by promoting a dynamic and sustainable entrepreneurial ecosystem.
About Monsha’at
The Small and Medium Enterprises General Authority (Monsha’at) was established in 2016 to regulate, support, develop, and sponsor the SME sector in the Kingdom of Saudi Arabia. The authority works to increase the productivity of SMEs and raise their contribution to the GDP from 20% to 35% by 2030, in line with global best practices.
Source: Rowad Al Aamal
