Riyadh summit discusses opportunities for startups to grow
The first RiseUp Saudi Arabia, an annual entrepreneurship summit, kicked off at King Abdullah Financial District in Riyadh on Saturday.
The three-day summit will attract over 10,000 participants, over 150 startups, 150 investors and 200 speakers from all over the world to share their global experiences as well as the latest developments in many fields to serve the startups and help them build foundations on which to base themselves.
The summit is supported by the National Technology Development Program of the Ministry of Communications and Information Technology, in a strategic partnership with the Saudi Federation For Cybersecurity, Programming and Drones.
The summit also includes some sectors specialized in entrepreneurship in Saudi Arabia, such as the Saudi Venture Investment Co.; the Small and Medium Enterprises General Authority; the Garage, the Digital Cooperation Organization; the Ministry of Tourism, and the Angel Investors.
Princess Lolowah bint Yazeed, CEO of RiseUp Co. in Saudi Arabia, said: “The Kingdom witnessed a historic boom for the startups community, and the Kingdom has been and will remain the most prominent supporter of this sector, as it represents a prosperous future for the economies of the world.
“The impact of startups on the lives of the citizens of the Kingdom has become clear and tangible, as the efficiency of the daily life of citizens has been improved by relying on modern technology in managing all tasks.
“The continued growth of startups is by finding many sources and resources and abundant investments.”