Saudi Arabia to host 100 startups in Entrepreneurship World Cup finals

The EWC is recognized as the largest global competition for entrepreneurs. File/Monsha’at
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Updated 23 October 2025
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Saudi Arabia to host 100 startups in Entrepreneurship World Cup finals

RIYADH: Some 100 startups from 46 countries have officially qualified for the finals of the Entrepreneurship World Cup 2025, set to be held in the Saudi capital as a centerpiece of the Biban 2025 forum.

Scheduled for Nov. 5-8 at the Riyadh Front Exhibition and Conference Centre, the EWC finals are organized by the Small and Medium Enterprises General Authority under the theme “A Global Destination for Opportunity.”

Hosting the finals of the EWC as part of Biban 2025 underscores Saudi Arabia’s role in supporting global innovation and entrepreneurship, according to the Saudi Press Agency.

It reflects the Kingdom’s advanced position in attracting international startups, investments, and pioneering ideas, aligning with the economic diversification and sustainability goals outlined in its Vision 2030 blueprint.

The EWC is recognized as the largest global competition for entrepreneurs. This year’s edition is being held by Monsha’at in collaboration with the Global Entrepreneurship Network and the Misk Foundation. 

Participants will compete for a share of a prize pool exceeding $1.5 million in an event that gathers a global elite of entrepreneurs, investors, and experts, highlighting the Kingdom’s growing stature as a global hub for entrepreneurship and innovation, SPA reported.

The competition attracted an overwhelming response during its registration phase, with over 10,300 applications received from more than 169 countries. 

The submitted projects underwent multiple rigorous evaluation and judging processes starting last May. From this pool, 250 projects advanced to a virtual training camp, held in partnership with Spain's Esade Ramon Llull University, where the top 100 finalists were ultimately selected to compete for the title.

Among the countries with the strongest representation in the finals are Saudi Arabia, the US, and the UK.

The qualifying startups span a wide array of vital and forward-looking sectors, including communications, health, and space.

The EWC plays a crucial role in empowering entrepreneurs worldwide by providing a platform to present their ideas directly to investors and venture capital funds. 

Finalists also benefit from specialized training, mentorship, and networking programs designed to enhance their competitive edge and help transform their ideas into scalable projects with global potential.


Saudi Arabia surpasses $400bn in investment volume, minister announces

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Saudi Arabia surpasses $400bn in investment volume, minister announces

RIYADH: Saudi Arabia’s total investment volume surpassed SR1.5 trillion ($400 billion) for the first time in 2025, the Kingdom’s minister of investment has announced.

Speaking at the Government Press Conference in Riyadh, Khalid Al-Falih highlighted unprecedented growth across the financial landscape, with foreign capital inflows playing a central role.

The Kingdom is aiming to attract $100 billion in annual foreign direct investment by the end of the decade as part of its Vision 2030 economic diversification plan. 

“We expect foreign investment flows into Saudi Arabia in 2025 to range between SR140 billion and SR150 billion,” Al-Falih said, noting that this projection represents a five-fold increase from the SR28 billion recorded in 2017, a sign of rising global investor confidence.

The surge in international business activity is further reflected in the number of foreign companies operating in the Kingdom. Al-Falih revealed that licensed foreign firms have reached 62,000, a dramatic increase from just 6,000 in 2016.

Furthermore, the nation has attracted more than 700 regional headquarters for leading global corporations, solidifying its position as a premier commercial hub for the Middle East and North Africa.

The investment boom is creating substantial opportunities for Saudis. The minister highlighted that 800,000 new jobs have been created in the Saudi economy, with private sector wages rising by 45 percent. He also noted that women’s labor force participation has doubled, marking a significant societal shift.

The domestic entrepreneurial spirit remains robust, with the number of active commercial registrations held by Saudi investors reaching 1.86 million by the end of 2025.

Al-Falih also stated that 500,000 Saudis have been employed out of 1.5 million workers in foreign companies, and that three major companies have begun automobile manufacturing in the Kingdom.

The economic outcomes cited by Al-Falih are direct results of the nation’s Vision 2030 reform agenda. This transformation is being accelerated by the systematic opening of Saudi Arabia’s capital markets. 

On Feb. 1, the Capital Market Authority will allow all foreign investors direct access to the Main Market, eliminating previous qualification barriers. This follows a period of rapid growth in international participation, with foreign ownership exceeding SR590 billion by the third quarter of 2025. 

On this, the minister said that Tadawul is “prideworthy,” noting that it’s now one of the biggest 10 stock markets worldwide. He stated that the old restrictions on foreign investors were found to limit market access for all international investors. He confirmed that the new rules, which will be announced soon, are designed to be “balanced.”