{"id":77044,"date":"2025-05-25T13:50:53","date_gmt":"2025-05-25T10:50:53","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=77044"},"modified":"2025-05-25T13:50:55","modified_gmt":"2025-05-25T10:50:55","slug":"saudi-family-businesses-embrace-innovation-and-sustainability-at-landmark-forum-in-riyadh","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2025\/05\/25\/saudi-family-businesses-embrace-innovation-and-sustainability-at-landmark-forum-in-riyadh\/","title":{"rendered":"Saudi Family Businesses Embrace Innovation and Sustainability at Landmark Forum in Riyadh"},"content":{"rendered":"\n<p><strong><a href=\"https:\/\/bfh.com.sa\/ar\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3%D9%8A%D8%A9\/\">Saudi Arabia\u2019s dynamic family<\/a><\/strong> business sector is accelerating its shift toward innovation and long-term sustainability, as highlighted during the <strong>Family Business and Sustainable Innovation Forum<\/strong>, held today at The Garage in Riyadh. The event brought together leading family enterprises, academic experts, policymakers, and entrepreneurship ecosystem partners to explore the future of family-owned businesses in the Kingdom and beyond.<\/p>\n\n\n\n<p>Organized in partnership with <strong>STEP Project Global Consortium (SPGC), The Garage, Monsha\u2019at, the National Entrepreneurship Committee, KAUST, Babson Global, BGCEL, KPMG Saudi Arabia, the Federation of Saudi Chambers,<\/strong> and the <strong>National Center for Family Business<\/strong>, the forum addressed how family businesses can balance legacy with future-readiness through governance reform and digital transformation.<\/p>\n\n\n\n<p>Key topics included the impact of <strong>Industry 4.0 technologies<\/strong>\u2014such as AI, IoT, and automation\u2014on business models, succession planning, and long-term sustainability. Through keynote speeches and roundtable discussions, the forum highlighted how innovation and sustainability are shaping the future of one of the Kingdom\u2019s most influential economic sectors.<\/p>\n\n\n\n<p>In conjunction with the forum, <strong>Prince Mohammed Bin Salman College (MBSC)<\/strong> and <strong>The Garage Club<\/strong> signed a <strong>Memorandum of Understanding (MoU)<\/strong> to foster collaboration in entrepreneurship, innovation, and talent development. The agreement includes joint training programs, AI and emerging tech initiatives, startup mentoring, and research efforts, as well as co-organized events and discounted educational opportunities for The Garage Club employees and their families. This partnership aims to empower future leaders and accelerate the innovation ecosystem in line with Vision 2030.<\/p>\n\n\n\n<p><strong>Dr. Zeger Degraeve<\/strong>, Dean of MBSC, emphasized the strategic role of education and research in guiding family businesses toward sustainable innovation.<\/p>\n\n\n\n<p><em>\u201cAt MBSC, we are committed to equipping the next generation of family business leaders with the mindset and tools to thrive in a rapidly changing world. Events like this forum are essential platforms for bridging academic insights with real-world solutions.\u201d<\/em><\/p>\n\n\n\n<p><strong>Dr. Adnan Maalaoui<\/strong>, Professor of Entrepreneurship, noted the unique position of family enterprises in leading purposeful change.<\/p>\n\n\n\n<p><em>\u201cFamily businesses carry a legacy, but they also have the agility to adapt and evolve. By embracing innovation and sustainability, they not only ensure their continuity but contribute meaningfully to national development goals.\u201d<\/em><\/p>\n\n\n\n<p>The event reinforces Saudi Arabia\u2019s ongoing efforts to empower family businesses as drivers of diversification, resilience, and growth under Vision 2030.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s dynamic family business sector is accelerating its shift toward innovation and long-term sustainability, as highlighted during the Family Business and Sustainable Innovation Forum, held today at The Garage in Riyadh. The event brought together leading family enterprises, academic experts, policymakers, and entrepreneurship ecosystem partners to explore the future of family-owned businesses in the &hellip;<\/p>\n","protected":false},"author":2,"featured_media":77045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2496,2495,2497],"class_list":["post-77044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-landmark-forum","tag-saudi-family-businesses-embrace-innovation","tag-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Saudi Family Businesses Embrace Innovation and Sustainability at Landmark Forum in Riyadh - Gulf Tech News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gulftech-news.com\/en\/2025\/05\/25\/saudi-family-businesses-embrace-innovation-and-sustainability-at-landmark-forum-in-riyadh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Family Businesses Embrace Innovation and Sustainability at Landmark Forum in Riyadh - Gulf Tech News\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia\u2019s dynamic family business sector is accelerating its shift toward innovation and long-term sustainability, as highlighted during the Family Business and Sustainable Innovation Forum, held today at The Garage in Riyadh. 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