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Saudi Arabia Hosts Global Summit to Discuss Challenges Facing Entrepreneurs

Saudi Arabia Hosts Global Summit to Discuss Challenges Facing Entrepreneurs

Tuesday, 27 October, 2020 - 10:15
rince Fahd bin Mansour during a press conference in preparation for hosting the global Young Entrepreneurship Alliance (YEA) Summit 2020 (Asharq Al-Awsat)

President of the G20 Young Entrepreneurship Alliance (YEA) Summit 2020 has affirmed that various initiatives have been prepared to be presented during meetings of G20 leaders.

In a press conference on Monday in Riyadh, Prince Fahd bin Mansour bin Nasser bin Abdulaziz said the Kingdom will host the two-day YEA virtual summit on Oct. 29.

More than 700 prominent entrepreneurs from across the world will take part in the event to discuss challenges and the entrepreneurship’s risk-bearing ability during crises, Prince Fahd told Asharq Al-Awsat.

Several sessions will be held over the impact of entrepreneurship on the economy, current trends affecting entrepreneurs, as well as cross-border entrepreneurship and building a successful entrepreneurship environment.

Other sessions will focus on the resilience of global entrepreneurship and the provision of investment opportunities in light of the challenges facing innovation.

Youth business activities have positive impacts on countries’ economic and social aspects, which prompts the YEA to boost efforts to contribute in affecting the prosperity and progress of societies, the Prince explained.

Established in 2010, the 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 percent of the gross world product (GWP), 80 percent of world trade, two-third of the world population, and half of the world land area.

The G20 YEA convenes each year ahead of the G20 Summit in the host country to champion the importance of young entrepreneurs to the G20 member nations throughout the year.

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