Startup Investment Forum aims to attract global companies to the Kingdom

  • Date: 17-Feb-2021
  • Source: Arab News
  • Sector:Economy
  • Country:Saudi Arabia
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Startup Investment Forum aims to attract global companies to the Kingdom

RIYADH: On the sidelines of the fifth MIT Enterprise Forum (MITEF) Saudi Startup Competition, the annual Startup Investment Forum will be held for the second year in a row this March. Held digitally this year due to the ongoing novel coronavirus (COVID-19) pandemic, the forum will be held under the patronage of the Ministry of Communications and Information Technology and will take place from March 4 to 6, with the winners of the competition being announced on the last day. The forum, open to all startups from outside the Kingdom, allows participants to discover the opportunities available in the Saudi market, learn about investors, and benefit from insights and ideas offered by the StartSmart Conference held along with the forum. According to the organizers, the forum represents an opportunity to attract regional and international startups to the Kingdom and allow them to present projects and ideas to a network of investors, businessmen, and governmental agencies. It will also help generate interactions between existing startups and potential investors, providing participants with financing opportunities. Additionally, 27 teams will qualify for the finals of the MITEF Saudi Startup Competition fifth edition, and the Startup Investment Forum will host 23 innovative startups from all