MIT Enterprise Forum Saudi Arabia To Stage Startup Investment Forum In King Abdullah Economic City In March Regional and international startups to pitch to leading Saudi investors.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock

Startup Investment Forum (SIF), a three-day exhibition of more than 60 regional and international startups looking to expand into the Saudi market, is taking place in March 5-7, 2020, at King Abdullah Economic City, Makkah, Saudi Arabia.

On its last day, March 7, the forum will host the StartSmart Conference that will feature the final round of the 4th MITEF Saudi Startup Competition with 27 Saudi startups competing in one of the competition's three tracks: Startups Track, Social Track and Ideas Track.

The competition offers SAR 325,000 cash prize, and the finalists will also have the opportunity to participate in StartSmart, one of the MIT Global Forum's programs. Furthermore, the nine winning teams of the MITEF Saudi Arabia Competition (three per each track) will be invited to participate in the MIT Enterprise Forum Arab Startup Competition in April in Abu Dhabi.

SIF is organized by the MIT Enterprise Forum Saudi Arabia, part of the MIT Enterprise Forum global network, in collaboration with Bab Rizq Jameel, an initiative of Community Jameel, and in partnership with King Abdullah Economic City and the Saudi General Investment Authority (SAGIA).

Held under the theme Invest in Saudi Arabia, SIF will feature workshops by executives from Prince Mohammad Bin Salman College (MBSC) of Business & Entrepreneurship, as well as elevator pitch sessions led by Saudi Venture Capital, a venture capital arm of the Government of Saudi Arabia established in 2018.

Related: Innovations Welcome: The New Edition Of MITEF Enterprise Forum Saudi Arabia Startup Competition Is Now Open For Applications

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Low Cost Business Ideas

Looking on how to start a small business but don't have much money? Our low cost startup ideas will help you plan a business to fit your budget.

Thought Leaders

25 Common Characteristics of Successful Entrepreneurs

Do you have what it takes to get through hard times? Here are the traits that help home-based business owners thrive.

Business News

McKinsey Is Using AI to Create PowerPoints and Take Over Junior Employee Tasks: 'Technology Could Do That'

Over 75% of McKinsey employees now use the internal AI tool Lilli, which safely handles confidential information.

Starting a Business

From Strength To Strength: Privilee Founder Lars Johannesen On How He Built "The UAE's Ultimate Fitness And Leisure App"

Founded by Lars Johanessen, who came to the UAE from his native Denmark in 2009, Privilee is a fitness and leisure app-based membership service offering a five-star lifestyle to everyone at affordable prices.