- PREPARATIONS UNDERWAY FOR THE SAUDI DELEGATION PARTICIPATION AS ANNOUNCED BY PRINCE FAHAD BIN MANSOUR G20 YEA SAUDI ARABIA PRESIDENT
Riyadh - Entrepreneurship Vision, a member of the Young Entrepreneurs Alliance and the host of the G20 YEA Summit 2020 Saudi Arabia, announced the preparation for the Saudi delegation taking part in the upcoming summit in Italy this October. The summit be taking place from the 5th till the 6th of October 2021 under the theme “Global Renaissance: Sustainability, Inclusion, and Innovation for Prosperity”; hosted by Confindustria Giovani Imprenditori. The summit will take place in a hybrid manner, in which a small scale in person event will take place in Milan according to local health regulations, with the streaming of event proceedings and virtual opportunities.
Established in 2010, the G20 Young Entrepreneurs’ Alliance (G20 YEA) is the world’s largest network of young entrepreneurs with the organizations that support them. The Alliance Secretariat supports a growing global network of thousands of emerging entrepreneurs in the 20 most significant economies in the world which account for 90% of the gross world product (GWP), 80% of world trade, 2/3 of the world population, and 1/2 of the world land area.
The G20 YEA liaises with knowledge partners such as Accenture to understand and share the conditions that will help businesses founded by young people to grow, succeed and compete globally. The G20 YEA consists of leading entrepreneurial organizations across the G20 nations. The top young entrepreneurs collectively analyse and suggest solutions in form of recommendations concerning policies improvements and changes to G20 Heads of State. The G20 YEA convenes each year in advance of the G20 Summit in the host country to champion the importance of young entrepreneurs to the G20 member nations throughout the year.
In collaboration with key partners and organizations representing entrepreneurs across Saudi Arabia, Entrepreneurship Vision will be setting up opportunities for virtual attendance and participation for Saudi entrepreneurs interested in taking part.
The summit is an important venue for key discussions on the advancement and development of the entrepreneurial ecosystem on a global level and championing recommendations concerning fundamental policies.
“Our theme last year focused on resilience and innovation and this year the G20 YEA summit theme for Italy focuses on sustainability, inclusion, and innovation and these are key factors for the entrepreneurial ecosystem on a local and global scale,” stated HRH Prince Fahad bin Mansour bin Nasser bin Abdulaziz Al Saud, G20 YEA President – Saudi Arabia. “Saudi Arabia ranked first in four entrepreneurship indicators in addition to achieving advanced positions in six other indicators as per the Global Entrepreneurship Monitor Report (GEM). Entrepreneurship is important focus within the Saudi business and economic arena and as per Vision 2030 where entrepreneurial development plays a fundamental role in the economic, job creation, and business innovation contribution,” he continued.
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