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- Al-Saud expressed his gratitude to King Salman and Crown Prince Mohammed bin Salman for the exemplary support they provide to entrepreneurs.
- 鈥淭oday we witness the impact of this support on the entrepreneurship system in the Kingdom. This has resulted in accelerated growth in our national economy,鈥� he said.
RIYADH: Prince Fahad bin Mansour Al-Saud has been chosen to represent 抖阴短视频 in the G20-Startup20 engagement group, the Saudi Press Agency reported on Saturday.
Launched earlier this year under the Indian Presidency of G20 2023, the Startup20 engagement group is one of 11 official networking groups.
Al-Saud expressed his gratitude to King Salman and Crown Prince Mohammed bin Salman for the exemplary support they provide to entrepreneurs.
鈥淭oday we witness the impact of this support on the entrepreneurship system in the Kingdom. This has resulted in accelerated growth in our national economy,鈥� he said.
Having been appointed to represent the Kingdom due to his extensive entrepreneurial experience, Al-Saud stressed the importance of 抖阴短视频鈥檚 participation in the Startup20 official group summit.
鈥淭he Kingdom is a leading country in entrepreneurship and an enabler for startups under Vision 2030, which aims to raise small and medium enterprises鈥� contribution to GDP from 20 percent to 35 percent,鈥� he said.
The chair of the board of directors of the Saudi Entrepreneurship Vision, Al-Saud said that the Startup Summit in India was an opportunity to exchange creative and innovative ideas, find strategic partnerships and investment opportunities, and learn about the experiences of the G20 countries, in addition to promoting the projects of Saudi entrepreneurs.
The group is distinguished as the first official group specialized in emerging companies, which are considered the most critical engines of economic growth and sustainable development, according to SPA鈥檚 report.
The group seeks to communicate the voice of the global start-up system through the G20 countries, and recommendations will be developed to be formally submitted to the G20 leaders for consideration.
Outreach groups are independent collaborative groups led by civil society organizations in the host country each year.
Al-Saud has founded several companies in various fields. He holds a bachelor鈥檚 degree in entrepreneurship from Loyola Marymount University, Los Angeles, California.