Saudi Arabia Awards Special Residency to Over 100 Entrepreneurs at Biban 2025 Forum
The Small and Medium Enterprises General Authority, known as Monsha'at, granted the 'Entrepreneurship Residency' permit to more than 100 entrepreneurs from over 20 countries during the four-day Biban 2025 Forum.
RIYADH: The Premium Residency Center has issued the "Entrepreneurship Residency" permit to over 100 entrepreneurs from more than 20 countries during the Biban 2025 Forum.
Organized by Monsha'at, the Small and Medium Enterprises General Authority, the event held at the Riyadh Front Exhibition and Convention Center focuses on supporting startups and promoting entrepreneurship in Saudi Arabia under the theme 'A Global Destination for Opportunities.'
The "Entrepreneurship Residency" is one of the center's flagship programs aimed at startup founders with innovative technological solutions looking to expand their ventures within the Kingdom.
The program aims to contribute to national economic growth by fostering high-impact enterprises and creating quality employment opportunities.
According to the Premium Residency Center, granting premium residency status to entrepreneurs reflects Saudi Arabia's commitment to attracting global innovators and providing them with an environment that encourages competitiveness and sustainable economic development.
The center offers seven residency products: Exceptional Talent Residency, Talent Residency, Business Investor Residency, Entrepreneur Residency, Property Owner Residency, Fixed-Term Residency, and Indefinite-Term Residency.
These residencies come with various benefits such as the ability to conduct business, property ownership, and hosting relatives in the Kingdom.
Biban 2025 plays a significant role in advancing Saudi Arabia's entrepreneurship landscape by facilitating connections between founders and investors, promoting knowledge exchange, and expanding both local and global business growth opportunities.