Prince Fahad bin Mansour bin Nasser is the chair of the Young Entrepreneurs’ Alliance (YEA) Summit under the Saudi G20 presidency.

A serial entrepreneur and investor, Prince Fahad has an extensive track record in launching and accelerating start-ups. He has expanded his business portfolio from digital technology and logistics to encompass enterprises that address the current global and local market needs, paving the way for new ideas and opportunities.

He is also the founder of Evission, a nongovernmental entity whose focus is on working with entrepreneurs and supporting the development of the entrepreneurial ecosystem. Evission is a member of the YEA and the current summit host and organizer.

The YEA is a group of organizations from across the G20 that promote youth entrepreneurship as a driver of economic renewal, job creation, innovation and social change.

The YEA convenes each year in advance of the G20 Summit, and its call to the world’s young entrepreneurs to work with global economies to aid recovery from the devastating effects of the pandemic was loud and clear.

This year’s summit took place virtually on Oct. 29-30 under the theme “Entrepreneurship is a Source of Innovation and Resilience.”

According to a recent report commissioned by Monsha’at, 50 percent of working-age Saudi women and 30 percent of men are launching or running businesses that are less than 42 months old.

Prince Fahad said: “Here in Saudi Arabia, we are blessed with outstanding infrastructure and the government’s support to help entrepreneurs bring their idea to life.”