Biban Forum 23 is one of the most important tools for Saudi Arabia's accelerated development in SMEs and entrepreneurship. Biban Forum 23 contributes to creating a catalytic environment in partnership with public and private sector stakeholders, which has resulted in the Kingdom's remarkable progress in the Global Entrepreneurship Monitor report, going from 41st place in 2018 to fourth place in 2022. This increase is in line with Saudi Arabia's Vision 2030, which gives a prominent role to SME growth.

Biban Forum 23 will be launched to enhance the Kingdom's position as a first-choice destination for national and international entrepreneurs and to promote communication between SME owners and entrepreneurs locally, regionally and internationally. Transmitting the Kingdom’s ambition to the world, Biban Forum 23 encourages local and international SME owners and entrepreneurs to share innovative ideas and experiences, and to find the best solutions to tackle different growth challenges.
Biban Forum 23 receives stakeholders from around the world and facilitates access to different services and initiatives that help SME owners and entrepreneurs promote business growth and embrace a culture of innovation. This allows entrepreneurs and business owners to develop new ideas which in turn benefit the domestic and international economy, while connecting them with investors and financing sources.