Titled “Reboot, Rethink, Regenerate”, and under the patronage of Saudi Crown Prince Mohammed bin Salman, the Small and Medium Enterprises General Authority (Monsha’at) is organizing the Global Entrepreneurship Congress (GEC), taking place at King Abdulaziz International Conference Center and the Ritz-Carlton hotel, with the collaboration of Global Entrepreneurship Network (GEN), from March 27 to March 30, 2022.
GEN chose Riyadh to host the congress because, according to the Global Entrepreneurship Monitor, the Kingdom ranked first out of 45 countries in the following categories: Good opportunities to start a business, ease of starting a business, business response to the COVID-19 pandemic and government response to the pandemic, as the network is keen to choose cities that witness intense activity in the entrepreneurial environment.
On the other hand, KSA ranked first for four sub-indicators, in addition to achieving advanced ranks in 6 other indicators, according to the Global Entrepreneurship Monitor Index, monitored by the National Center for Performance Management (ADAA), which measures the extent of different levels of entrepreneurship motivation and its activity in the world.
According to ADAA, the Kingdom’s progress in international indicators of entrepreneurship included second place in both “personal possession of skills and knowledge” indicator and “infrastructure” indicator, which is concerned with easy access to roads and airports, as well as utilities, such as electricity, Internet, etc., and their accessibility by entrepreneurs.
The Kingdom also ranked third – outranking 42 countries-in the two indicators: “Ease of obtaining financing for companies and entrepreneurs” “Ease of entry and market dynamics”; The latter measures the extent of free, open and growing markets. It also ranked fourth globally in the two indicators: “government support for business” and “lack of barriers and ease of regulations for access to markets” among 45 countries.
Entrepreneurs from 180 countries
The GEC will witness the attendance of entrepreneurs, investors, experts and decision-makers from 180 countries to discuss the economic challenges facing the global entrepreneurship environment, exchange experiences, and seize investment opportunities during the next stage, in addition to learning lessons from the challenges that the world faced during the (Covid 19) pandemic.
The GEC is an ideal opportunity for entrepreneurs to understand the dimensions of the next stage, absorb the lessons presented by the global pandemic, learn about best practices in dealing with crises, maintain the flexibility and continuity of commercial activities, and creative exchange ideas between entrepreneurs and innovators from around the world.
The GEC will host more than 150 speakers, including Apple co-founder Steve Wozniak, Netflix co-founder Mark Randolph, as well as many innovation and entrepreneurship professionals who will be distributed over 100 discussion sessions.
The congress includes an accompanying exhibition, workshops and innovation sections. It provides an important opportunity for policymakers to listen to entrepreneurs and understand the challenges they face, thus contributing to the formulation of a more sustainable and resilient unified global entrepreneurial environment, in addition to providing the opportunity for entrepreneurs to meet with their counterparts from around the world and benefit from their experiences, and listen to the essential global experts in this field.