Global startups connect with Saudi vision at Biban Forum 2025 

Special Global startups connect with Saudi vision at Biban Forum 2025 
Since its inception in 2017, Biban has grown into the Middle East’s largest entrepreneurship forum. AN/Jafa Al-Saleh
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Global startups connect with Saudi vision at Biban Forum 2025 

Global startups connect with Saudi vision at Biban Forum 2025 

RIYADH: Biban Forum 2025 has once again cemented Saudi Arabia’s role as a global hub for entrepreneurship and innovation, gathering startups, investors, and business leaders from around the world under one roof at Riyadh Front Exhibition and Conference Center. 

Organized by the Small and Medium Enterprises General Authority, known as Monsha’at, under the theme “A Global Destination for Opportunities,” the event aimed to empower entrepreneurs and strengthen the Kingdom’s position as a destination for business and investment in line with Vision 2030. 

Since its inception in 2017, Biban has grown into the Middle East’s largest entrepreneurship forum. 

The 2025 edition featured representatives from more than 150 countries and over 200 speakers from around the world, alongside thousands of local and international exhibitors. 

The forum’s diverse “doors,” or thematic sections, covered every stage of the entrepreneurial journey — from funding and e-commerce to franchising and global expansion — creating a platform for collaboration and growth across industries and borders. 




Biban 2025 underscores the growing confidence in Saudi Arabia’s entrepreneurial landscape. AN/Jafa Al-Saleh

Among the international participants was South Korea’s technology giant Naver, part of a Korean delegation of startups supported by the Korea Institute of Startup and Entrepreneurship Development. 

Interpreter Jeongmin Han, representing the group, said it was her first time in Saudi Arabia and emphasized the potential for cooperation between the two countries. 

“I think it’s very important for Korean companies to have a base here,” she said. “Saudi Arabia offers a great opportunity and serves as a bridge for expanding business across the Middle East. It’s the best place to start.” 

Also participating was Ager Point, a US technology company specializing in artificial intelligence and data solutions for the agriculture and natural asset markets. 

CEO Kevin Lang described the experience as “an exciting time to be in Saudi Arabia.” He said: “We think it’s really important to be at Biban. It’s our first time in the Kingdom, and it’s such an exciting moment to contribute to Vision 2030 goals — especially around food security and the management of critical resources like water.” 

Lang added that the forum’s collaborative atmosphere provided valuable opportunities to meet entrepreneurs, government representatives, and investors eager to implement technology-driven solutions. 

“If we can find proof-of-concept or pilot projects that allow us to showcase what we can do,” he said, “we can evolve our technology alongside the challenges being addressed here in Saudi Arabia and across the Arabian Peninsula.” 




The forum connects local innovators with global investors. AN/Jafa Al-Saleh

Local talent was equally prominent at the forum. Saudi entrepreneur Hadi Al-Yami, founder of The Bees Basket, showcased his startup dedicated to honey and hive-based products. 

“We are a new company in Saudi Arabia working to prove ourselves and expand,” he said. “We produce high-quality honey and participate in international competitions, and now we want to grow into the medical and tourism sectors.” 

Al-Yami praised Biban for providing a platform for emerging Saudi entrepreneurs to network and gain visibility, encouraging others to take part in future editions. 

Biban has become a cornerstone of Saudi Arabia’s strategy to diversify its economy and nurture a vibrant SME ecosystem. 

The forum not only connects local innovators with global investors but also reinforces the Kingdom’s image as a destination where ideas can evolve into sustainable enterprises. 

By attracting participants from every continent, Biban 2025 underscores the growing confidence in Saudi Arabia’s entrepreneurial landscape and its alignment with Vision 2030’s goal of positioning the Kingdom as a global hub for innovation and opportunity.


Oman’s bank credit up 8% to $90bn as non-oil sector expands 

Oman’s bank credit up 8% to $90bn as non-oil sector expands 
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Oman’s bank credit up 8% to $90bn as non-oil sector expands 

Oman’s bank credit up 8% to $90bn as non-oil sector expands 

RIYADH: The total credit extended by the banking sector in Oman rose by 8 percent year on year to reach 34.5 billion Omani rials ($89.7 billion) by the end of September, official data showed.  

According to data released by the Central Bank of Oman, credit granted to the private sector accounted for the majority of this growth, increasing by 5.7 percent to 28.2 billion rials. 

The distribution of private sector credit showed that non-financial corporations held the largest share at 46.7 percent, followed by individual borrowers at 44.7 percent. Financial corporations accounted for 5.8 percent, while other sectors made up the remaining 2.8 percent. 

Total deposits with the banking sector also increased, rising by 4.7 percent to 33.1 billion rials by the end of September. 

These developments in credit and deposit growth reflect broader macroeconomic trends, particularly the expansion of Oman’s non-hydrocarbon sector. Preliminary national accounts data for the first half of 2025 show a 4.1 percent increase in non-oil activities, which was the main driver behind a 2.3 percent rise in real gross domestic product. 

Private sector deposits grew at a faster pace, registering a 7.5 percent year-on-year increase to reach 22.3 billion rials. Within this segment, individuals held approximately 50 percent of total deposits, followed by non-financial corporations at 30.5 percent, financial corporations at 17.3 percent, and other sectors at 2.2 percent. 

Real estate transactions 

The total value of real estate transactions in Oman rose to 2.35 billion rials by the end of September, marking a 9.2 percent increase from 2.15 billion rials recorded during the same period in 2024. 

Fees collected from all legal property transactions surged by 74 percent to 85.8 million rials, compared to 49.3 million rials in the corresponding period last year, Oman’s state news agency reported, citing data from the National Centre for Statistics and Information. 

The value of sale contracts grew by 13.5 percent to 928.6 million rials, while the number of such contracts edged up by 0.3 percent to 50,175. 

Mortgage contract values rose 6.7 percent year on year to reach 1.41 billion rials across 16,432 contracts, up from 1.32 billion rials for 15,145 contracts a year earlier. In contrast, the value of exchange contracts declined by 16.6 percent to 8.2 million rials, covering 884 contracts. 

The total number of issued property titles increased by 3.5 percent year on year to 175,436. However, titles issued to Gulf Cooperation Council nationals dropped by 10.9 percent to 987, down from 1,108 a year earlier.