38 Entrepreneurs Granted Premium Residency at Saudi Arabia’s Biban24 Forum

Riyadh: In a major move to attract global talent, the Saudi Premium Residency Center has awarded the prestigious “Entrepreneur Residency” status to 38 entrepreneurs from 14 different countries at the Biban24 Forum. Organized by the General Authority for Small and Medium Enterprises (Monsha’at), this initiative supports Saudi Arabia’s vision to become a leading destination for innovation, investment, and business talent.

Advancing Saudi Arabia’s Economy through Entrepreneurship

The Biban24 Forum focused on the theme “A Global Destination for Opportunities” and aimed to position Saudi Arabia as an international hub for investment and talent. The awarded residency status offers numerous benefits to entrepreneurs, designed to foster a vibrant business environment. This step aligns with Saudi Arabia’s economic goals, promoting job creation and knowledge transfer to further strengthen the national economy.

Benefits of the Entrepreneur Residency

Entrepreneurs granted this residency gain exclusive advantages such as:

• Residency for their families
• Property ownership rights
• Sponsorship for relatives
• Permission to conduct business within Saudi Arabia
• Additional privileges through government partnerships

A Platform for Business Growth

Biban24 serves as a vital networking space, bringing together entrepreneurs, investors, policymakers, and industry leaders. This annual forum supports startups and encourages entrepreneurial growth by providing access to valuable resources and connecting businesses with potential investors.

With this initiative, Saudi Arabia continues to make strides in building a diverse and dynamic economy, ensuring the Kingdom remains attractive for global investors and innovators alike.