Saudi SME Authority "Hoping to Get Closer to Korea"... Participates in ComeUp 2023

Created Saudi National Pavilion at ComeUp 2023
On the 7th, Minister Lee Young of the Ministry of SMEs and Startups held a bilateral meeting

Saudi Arabia's Small and Medium Enterprises General Authority, Monsha'at, announced on the 9th that it will participate in 'COMEUP 2023,' held at Dongdaemun Design Plaza (DDP) in Jung-gu, Seoul, until the 10th.

Minister Lee Young of the Ministry of SMEs and Startups (center right) and Sami Al Husaini, Director General of Monsha'at, the Saudi Arabian Small and Medium Enterprises General Authority (center left), held a bilateral meeting on the 7th.
[Photo by Monsha'at]

Monsha'at, which created the Saudi national pavilion, plans to engage with global leaders and entrepreneurs to explore ways to support the growth of small and medium enterprises. In particular, it will focus on sharing policies and ecosystems related to Saudi SMEs and startups.

It will also join this year's COMEUP slogan, "We Move the World." The authority intends to support Saudi entrepreneurs in securing international leadership and influence to further grow their businesses and build future partnerships with global investors.

Sami Al Husaini, Governor of Monsha'at, stated, “Collaboration is key to realizing business potential and achieving success, and the COMEUP event provides a timely platform and opportunity for SMEs and entrepreneurs to build partnerships that lead to long-term prosperity.” He added, “Monsha'at is committed to leveraging these opportunities to lead transformation in Saudi Arabia’s SME sector together with partners worldwide.”

He continued, “The Saudi startup ecosystem is rapidly developing and contributing to the realization of Vision 2030 goals, making participation in events like COMEUP important for the global expansion of the ecosystem. COMEUP is an event that strengthens bilateral relations and business cooperation. We are pleased to have broader exchanges with startups through this COMEUP and look forward to closer ties and diverse collaborations between the two countries in the future.”

Prior to the COMEUP event, Sami Al Husaini, Governor of Monsha'at, and Lee Young, Minister of SMEs and Startups, held a bilateral meeting on the 7th. They discussed policy cooperation related to the technology startup support program TIPS. They also exchanged views on selecting Korean entrepreneurs to participate in the finals of the Entrepreneurship World Cup to be held in Saudi Arabia next year.

This content was produced with the assistance of AI translation services.