The RiseUp Summit, a premier event for startups and entrepreneurs in the Middle East, is returning to Riyadh, Saudi Arabia, for its second consecutive year in 2024.
This comes after a successful debut in 2023, showcasing Saudi Arabia’s commitment to supporting startups and entrepreneurs in line with Crown Prince Mohammed bin Salman’s Vision 2030.
The Kingdom has made a concerted effort to diversify its economy by investing in various sectors, including energy, technology, healthcare, and hospitality.
This year’s event is expected to be larger and more influential, with over 300 startups, 300 investors, and 300 speakers, drawing in more than 10,000 attendees.
With industry giants like Google, YouTube, LaLiga, LVMH, Netflix, and Amazon set to participate, along with significant global investors, RiseUp Summit 2024 will continue to cement Riyadh’s reputation as the startup innovation hub of the Middle East.
Saudi Arabia’s Vision 2030 and Entrepreneurial Growth
RiseUp Summit aligns with Saudi Arabia’s Vision 2030, a strategic plan to reduce the country’s dependence on oil and promote economic diversification.
The Kingdom has positioned itself as a destination for international companies seeking to establish regional headquarters, with an emphasis on fostering innovation and entrepreneurship.
The summit is part of the country’s broader effort to attract global businesses and talent to the region, aiming to become a global business hub akin to Silicon Valley.
Over the last decade, the RiseUp event held annually in Egypt has evolved into the largest investment and business conference in the Middle East, with notable achievements including over 40,000 partners united, 4,600 startups empowered, and $3.5 billion raised in investments.
The success of RiseUp Egypt has paved the way for the expansion to Saudi Arabia, providing a platform for startups to access global, regional, and local resources.
A Platform for Saudi Youth and Global Business Opportunities
According to Princess Luluwah Bint Yazid Al Saud, CEO of RiseUp Saudi, “The Kingdom has rapidly become one of the strongest economies globally, and the impact of startups on our citizens is evident.”
This sentiment underscores the importance of startups in shaping Saudi Arabia’s economy and the role of RiseUp in encouraging the next generation of entrepreneurs.
The RiseUp Summit plays a crucial role in inspiring Saudi youth to explore innovative business ideas and connect with industry leaders.
It provides a unique opportunity for startups to network with investors, access mentorship, and learn from established entrepreneurs.
The second edition of the summit will be held in Riyadh from April 27th to April 29th, with plans for annual growth to attract more speakers, businesses, and investors.
To learn more about RiseUp Saudi, visit here, and to register for the event, use this link.