Sao Paulo, October 8, 2024 – Saudi Arabia has successfully wrapped up its participation in the Startup20 Summit held in the vibrant Brazilian city of Sao Paulo. The Saudi delegation, led by Prince Fahad bin Mansour bin Nasser bin Abdulaziz, founder of Entrepreneurship Vision and head of the Saudi Startup Group within the Group of Twenty (G20), played a pivotal role in promoting the Kingdom's entrepreneurial landscape on a global stage.
The summit served as a significant platform for highlighting Saudi Arabia's burgeoning startup ecosystem, showcasing the nation's commitment to fostering innovation and attracting international investments. During the event, the Saudi program was marked by the signing of three strategic cooperation agreements, which aim to bolster collaboration between Saudi and Brazilian entrepreneurs and investors.
In conjunction with the summit, a dedicated Saudi exhibition featured 30 participating entities from diverse sectors, facilitating enhanced cooperation and trade relations between Saudi Arabia and Brazil. This exhibition not only provided insights into the innovative projects being developed within the Kingdom but also allowed visitors to engage directly with Saudi startups.
At the opening of the exhibition, Prince Fahad bin Mansour delivered an inspiring speech, emphasizing the integral role of innovation in achieving the ambitious goals outlined in Saudi Arabia's Vision 2030. He expressed gratitude to NEOM, which supported the Saudi participation in the summit, for its commitment to fostering entrepreneurship and innovation.
The exhibition attracted considerable interest, with over 1,000 individuals visiting the Saudi pavilion, eager to learn about the Kingdom's entrepreneurial endeavors. Several Saudi startups had the opportunity to connect with potential investors, resulting in meaningful dialogues that could lead to future collaborations and investments.
Saudi Arabia's active involvement in the Startup20 Summit underscores its dedication to nurturing the growth of small and medium-sized enterprises (SMEs) and building a sustainable economy. The Kingdom's participation reflects its ambition to position itself as a leader in the global entrepreneurial landscape, committed to shaping the future of innovation and economic development.
As the summit concluded, it became evident that Saudi Arabia is not only poised to enhance its domestic startup ecosystem but also to play a crucial role in the international entrepreneurial community. Through strategic partnerships and a focus on innovation, the Kingdom aims to create a thriving environment for entrepreneurs, ensuring its place at the forefront of global entrepreneurship.