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StrategEast and Saudi Arabia’s SME agency Monsha’at forge alliance to boost startup ecosystem

At a meeting between Anatoly Motkin, President of StrategEast, and Saud Khaled Al-Sabhan, Vice Governor of Monsha’at, has been agreed to join efforts to create welcoming environment for the Eurasian startups for soft-landing in Saudi Arabia.

This strategic initiative aims to foster cooperation and provide unprecedented opportunities for startups from Eurasian region to make inroads into Saudi Arabia and the broader Gulf region.

Dozens of startups are set to make their mark at Biban Global in 2024. This initiative, spearheaded by StrategEast and discussed during the meeting, underscores the commitment to showcasing the innovation and potential of Eurasian startups on a global stage.

The discussions also delved into the creation of startup laboratories based at universities. These labs will serve as dynamic platforms to accelerate and support startups initiated by local students, fostering an environment of innovation and entrepreneurial spirit.