NEW DELHI: The Saudi delegation to the G20 Young Entrepreneurs Alliance Summit in New Delhi on Saturday invited young innovators to expand their businesses into the Kingdom and join its flagship projects.
The summit, which ran from July 13-15 was held under the Indian presidency of the G20. Hosted by Young Indians, a group of businessmen that is part of the Confederation of Indian Industry, it drew hundreds of participants from the G20 member nations and focused on inclusive trade, cooperation in green-energy transition, the adoption of a circular economy, and ways to tap into the potential of global digital transformation to support inclusive growth.
The Saudi delegation was led by Prince Fahad bin Mansour, chairman of Saudi Arabia’s Entrepreneurship Vision and president of the Saudi G20 Young Entrepreneurs Alliance.
“We are biban — which means doors,” Prince Fahad told the summit’s participants. “Each one of us is an open door to the Kingdom of Saudi Arabia, and we are out here to welcome you to the kingdom of opportunities.”
He invited global entrepreneurs to relocate, expand, or start new businesses in Saudi Arabia with the assistance of the summit’s strategic partner, the Kingdom’s investment brand Invest Saudi.
“They will assist you through your journey,” Prince Fahad said. “They are here today with us to make sure you get all the support needed to be in Saudi.”
He also made a special invitation “for dreamers, innovators and creators” to join NEOM — the Kingdom’s flagship $500 billion smart city project.
“This is the nation of entrepreneurs, and you are invited to participate in building this giga project and join more than 1,000 entrepreneurs who are already in NEOM,” he said.
The summit concluded with a communique issued by representatives of the G20 on behalf of millions of young entrepreneurs, which included recommendations to increase connectivity and digitization, and to address the global food crisis.
YEA members called on global leaders to address digital inclusion and cybersecurity challenges for emerging businesses, increase access to capital for young entrepreneurs, address barriers to inclusive trade, increase the inclusion of women and other marginalized groups in entrepreneurial opportunities, and to support green innovation and a transition to a global circular economy.
“We believe immediate commitments by G20 governments with respect to the areas we have highlighted can send a powerful message to those within our societies who can best lead this effort — our young entrepreneurs,” the communique read.
“We submit these recommendations in the spirit of partnership and in the firm belief that encouraging young entrepreneurs across our societies will lead to dynamism, growth and the economic and social renewal of our planet.”
