Riyadh gears up for first global entrepreneurship forum


The Kingdom gears up to host the first Global Business Entrepreneurship Forum (GEF) with the presence of an elite group of international and Gulf speakers.

The Centennial Fund organizes the first event of its kind on Nov. 3, simultaneously with the celebration of the distribution of Prince Abdulaziz bin Abdullah Prize for Global Entrepreneurship.

The third season of the international entrepreneurship week kicks off this year after achieving important successes in consolidating volunteer work in business entrepreneurship.

Organizers say that this initiative aims to spread the culture of counseling in business entrepreneurship, highlight the role of mentors and experience exchange as well as creating an integration between individuals and civil society institutions and private enterprises according to high standards.

Abdul Aziz bin Hamoud Al-Mutairi, director general of the Centennial Fund, said that the global forum is considered a high-level event that is held once a year. Under the forum umbrella, many important events are held, including the Prince Abdulaziz bin Abdullah prize for Global Entrepreneurship prize, and the international counseling week.

It will also be a meeting place for important business entrepreneurs, intellectuals, journalists, investors, researchers, opinion leaders and decision leaders to work together in discussion sessions about the most recent issue and challenges facing entrepreneurs in the current period.

The forum is sponsored by the Centennial Fund as one of the fund’s global initiatives, where the forum adopts the vision of promoting continuous awareness of the project organization, evaluating current trends in entrepreneurship to help shift the national economy into a sustainable one.

Al-Mutairi said that the forum hopes to become a grouping of interested people, policy makers, decision-makers and entrepreneurs so they can exchange ideas and present successful experiences for the development of innovation and creativity.

He added that the forum highlights the role of the emerging companies, which are interested in raising the level of competitiveness as well as contributing to the economic growth, and increasing the global recognition of the business’ role in creating job opportunities, and building a strong economy for countries. One of the other goals is to introduce the advanced programs and policies in order to increase the efficiency of entrepreneurial projects by exchanging experiences between entrepreneurs, and getting introduced to entrepreneurial projects supporters, which can be important for beginners.

Al-Mutairi highlighted the importance of this forum, which is expected to draw more than 500 expert and specialist attendees from around the world.

The speakers will be divided on several sessions that will focus on women entrepreneurs and ways to support them to build international partnerships.

Other sessions will tackle the role of international organizations in supporting entrepreneurship, the role of the international capital in entrepreneurship as well as creating an investment-encouraging atmosphere.


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