‘Kingdom of opportunities’: Saudi Arabia invites entrepreneurs to join flagship projects at G20 summit

Saudi delegation head Prince Fahad bin Mansour, center, is surrounded by international delegates to the G20 Young Entrepreneurs Alliance Summit in New Delhi on July 15, 2023. (AN photo)
Short Url
Updated 16 July 2023
Follow

‘Kingdom of opportunities’: Saudi Arabia invites entrepreneurs to join flagship projects at G20 summit

  • Prince Fahad bin Mansour calls on ‘dreamers, innovators and creators’ to join NEOM
  • Young Entrepreneurs Alliance Summit focused on energy transition, circular economy

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.”

 


Saudi Arabia witnessing comprehensive cultural development, says expert

Updated 14 February 2026
Follow

Saudi Arabia witnessing comprehensive cultural development, says expert

  • Clotilde Entrecanales of Acciona hails pace of change in Kingdom

JEDDAH: Museums, exhibitions and art centers play a crucial role in the development of free and educated societies such as the one now burgeoning in Saudi Arabia, an expert has told Arab News.

Clotilde Entrecanales, the Spanish art historian and cultural executive who heads Acciona Living & Culture, a leading creator of technology-driven interactive museums, exhibits and events, said the Kingdom is making efforts to expand the role of culture development to show the world the greatest possible cultural offer.

She added that the Kingdom has quickly infused new energy into the region, and is rapidly establishing itself as a global cultural hub through massive investment in world-class museums, public art and international events, aligning with its 2030 vision.

She said: “With around 70 percent of the population under 30, cultural consumption looks very different than in Europe or the US. These spaces can’t feel like quiet, isolated institutions … they need to be fast, dynamic, brave and deeply connected to the city, blending into everyday urban life rather than sitting apart from it.”

Asked about the role of these sites in the evolving global cultural landscape, particularly in emerging cultural hubs like Saudi Arabia, Entrecanales said: “Our vision is to be a purpose-led partner for cultural and entertainment institutions, helping them be more relevant, connected, inclusive and sustainable.”

She added: “In emerging cultural hubs like Saudi Arabia, that approach feels especially relevant. The cultural transformation underway is moving fast — with major heritage and cultural destinations being developed and opened to the world.”

Speaking about her impression of the Kingdom’s approach to blending heritage with modernity face, Entrecanales said: “Others who attempt to achieve this balance often end up turning heritage into a theme, a layer of storytelling or a cultural program. What feels different about Saudi’s approach is how much pressure there is to treat heritage as the foundation, not just the surface.

“When you’re building at this speed and scale, there’s always a risk that history becomes a backdrop instead of a backbone. The projects that work best are the ones that slow down just enough to let the past set the rhythm for the present.”

Regarding opportunities and challenges, she said: “The opportunity is nothing less than positioning Saudi Arabia as a global cultural center. The challenge, as always, lies in balancing the speed and scale of that ambition with long-term sustainability and a sense of authenticity that remains credible and rooted.”

She added: “You can really feel this in places like the Islamic Arts Biennale, which shows hundreds of historical artefacts of the Islamic world, while re-framing them through contemporary scenography and designs by some of the best design studios in the world; or in AlUla, a world-class heritage site that hosts a major contemporary platform like Desert X, allowing ancient context and present-day artistic practice to coexist in a way that feels genuine.”

Under her guidance, ACCIONA Cultura aspires to create museums and cultural experiences that function as landmarks while fostering sustainable, inclusive and immersive interactions.

She elaborated on how the company is integrating technology, culture, and sustainability to preserve and promote the region’s cultural heritage: “We always start with human connection and storytelling: what’s the story, what should people leave with? Tech comes later.”

Recently, ACCIONA Cultura has been involved in significant projects in Saudi Arabia and is looking forward for more.

She said: “Right now, for example, we’re designing and curating a museum gallery where the entire space is shaped by the practice of a Saudi artist. Another example is the Net Zero exhibition at the King Abdulaziz Center for World Culture (Ithra), where we brought together Saudi and international artists to explore sustainability and our relationship with the planet, including voices like Dina Haddadin, Mohammed Al-Faraj, and Zahrah Al-Ghamdi.”

She added: “One of the projects I’m most proud of isn’t a museum, but our NEXT IN Summit, which we’ve hosted in two editions in our ACCIONA Campus in Madrid, highlighting the Kingdom’s unprecedented cultural momentum as it builds future-facing institutions with a startup mindset.”

About further collaboration with Saudi Arabia, she said: “Let’s just say … something’s definitely simmering in the kitchen.”

Commenting on being recognized among the Blooloop 50 Museum Influencers for 2025, she said: “It means a lot. More than anything, it feels like a nod to the years of teamwork and dedication behind Acciona Cultura, rather than to me personally.”