Young Saudi entrepreneurs aim global, explore expansion at G20 YEA summit 

A booth of Invest Saudi is seen at the G20 Young Entrepreneurs Alliance Summit in New Delhi on Friday. (AN Photo)
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Updated 14 July 2023
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Young Saudi entrepreneurs aim global, explore expansion at G20 YEA summit 

  • NEOM, futuristic projects take center stage at the summit in New Delhi   
  • Saudi delegation led by Prince Fahad bin Mansour, head of Entrepreneurship Vision 

NEW DELHI: Saudi delegates took the spotlight of the G20 Young Entrepreneurs Alliance Summit in New Delhi on Friday as they presented their projects and initiatives for global expansion and new international partnerships. 

The summit on July 13-15 is held in New Delhi under this year’s Indian presidency of the G20 largest economies. 

Hosted by Young Indians, a group of young businessmen under the Confederation of Indian Industry, it has drawn hundreds of participants from the G20 member nations, aiming to promote youth entrepreneurship as a driver of economic renewal and social change. 

Saudi delegates are led by Prince Fahad bin Mansour, the chair of the board of directors of Saudi Arabia’s Entrepreneurship Vision and president of the Saudi G20 Young Entrepreneurs Alliance. The delegation comprises men and women leaders representing various businesses and government agencies. 

For Faheem Al-Hamid, the Saudi G20 YEA’s senior strategic and planning adviser, the Kingdom’s participation was “very successful because of the diversification of the delegation.” 

Invest Saudi, NEOM and the Saudi Ministry of Investment are present at the summit, serving also as its strategic partners. 

NEOM, the Kingdom’s flagship $500 billion futuristic smart city project, particularly attracted the attention of the event’s participants. 

“His Royal Highness Crown Prince Mohammed bin Salman said that NEOM is the city of dreams. He is reflecting the dream on the ground,” Al-Hamid told Arab News. “NEOM construction is in full swing.” 

He said NEOM’s presentation during the summit has resulted in multiple inquiries and requests for cooperation. 

“We are here to show how Saudi Arabia is open to the world for investments,” said Mohammed Al-Ajaji, outreach advisor at Invest Saudi, the Kingdom’s investment brand. 

“We also are here to showcase what Invest Saudi can do to help startups and entrepreneurs, to attract investors to growing and innovative sectors that will fit the profile of NEOM and other projects.” 




Prince Fahad bin Mansour, center, is surrounded by Saudi delegates to the G20 Young Entrepreneurs Alliance Summit in New Delhi on Friday. (AN Photo)

Abdulaziz Al-Saif, vice president of the board of Entrepreneurship Vision and founder of design and tech company Neomers, observed significant interest from the delegates of other countries in different Saudi projects. 

“They were very happy to interact and engage. They’re very much interested in learning more about Saudi and what we do. So, we’re happy to always help and answer questions and become the people that actually support them to land softly in the Kingdom,” he said. 

“We’re always looking for collaborations.” 

He was also interested in more engagement with the host, India. 

“We hope to only find more talents and more people to collaborate with so that we can bridge those opportunities between the two countries — India and the Kingdom of Saudi,” Al-Saif told Arab News.

“It’s been really interesting to engage with a lot of individuals here, to create a lot of opportunities and collaboration potential.” 

Sultan Gornas, founder and CEO of the Riyadh-based solution software company Go Lyv, was open to cooperation especially with the summit’s hosts as he explored information technology and artificial intelligence solutions with Indian colleagues. 

“We are exchanging knowledge and experience to plan the global expansion,” he said. “Our ambition is — for any startup in Saudi Arabia — to expand in India as it’s one of the largest markets.” 

Another Saudi delegate, Ahmed Mirghani from venture studio BIM Ventures, was participating in the summit to learn more about India’s entrepreneurship ecosystem. 

His company invests in startups that want to enter the Saudi market. 

“Perhaps we can find areas of collaboration to have some of the Indian startups come to Saudi Arabia or some of the Saudi startups to expand to the Indian ecosystem,” he said. “I am impressed with the Indian entrepreneurship ecosystem.”   

Over the last decade, the Indian startup ecosystem has grown rapidly and since the launch of the Startup India initiative in 2016, the Indian Ministry of Commerce and Industry has recognized more than 92,600 entities as startups. 

Saudi Arabia, too, is experiencing a boom in startup growth. Since the launch of Vision 2030, the Saudi government has been undertaking significant initiatives to stimulate private-sector growth and encourage new businesses.
   
“The most (common) similarity that I’ve seen with the Saudi ecosystem is passion. So, everybody is passionate, everybody is determined,” Mirghani said. 

“The most important element for any entrepreneur is to be passionate.” 


Alfaisal University hosts health exhibition showcasing projects by first-year students

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Alfaisal University hosts health exhibition showcasing projects by first-year students

  • Event stressed importance of safety culture in healthcare
  • Students addressed key issues in patient safety, quality of care, and enhancing the overall patient experience

RIYADH: Alfaisal University in Riyadh hosted the annual Health Promotion Project Exhibition on Thursday to showcase innovative projects and celebrate the work of first-year medical students.

Boasting the theme “Harmony in Healthcare: A Culture of Patient Safety,” the exhibition aimed to promote awareness and innovation in fostering safer healthcare environments.

Inspired by recommendations from the World Health Organization’s patient safety meeting, and organized by the Saudi Patient Safety Center, this year’s theme emphasized the critical importance of embedding a culture of safety within healthcare systems. 

Through creative presentations, students addressed key issues in patient safety, quality of care, and enhancing the overall patient experience.

The exhibition not only highlighted the creativity and dedication of Alfaisal University’s students but also reinforced the institution’s commitment to advancing healthcare standards and promoting a culture of safety across all levels of care.

Lana Hossari, a first-year medical student participating in the exhibition, told Arab News: “This exhibition is very beneficial for us because we are raising awareness, not just from a local perspective but also a worldwide perspective.

“We are not only talking about developed countries, but developing countries and how they deal with scary situations such as power outages and how we can all work together as a community to help improve the situation.

“I believe that every student who is interested in medicine should attend this event and learn about this because it is a very important topic in today’s society and in today’s world.”

Nour Alatassi, another first-year medical student, told Arab News: “We have an incredible project at our university. This is a series about patient safety, which is a very important topic.

“Here we are talking about patient safety using AI. What happens to our patients in a power outage? There are so many topics that our colleagues are presenting for us. Coming here you get to learn so much that is new, so many new ideas and information to keep our patients safe.

“When you visit a hospital, you feel safer knowing that your doctors and your future doctors know what to do in emergency situations. This is an amazing topic to focus the brilliant minds of young students.”

The exhibition proved an engaging experience for those attending, featuring interactive and hands-on activities for active learning. 

Visitors could also participate in games and simulations designed to highlight best practices in patient safety and healthcare protocols. 

These activities aimed to provide valuable insights into safety measures and innovative strategies, equipping participants with a deeper understanding of how to improve patient outcomes.

Beyond the educational aspect, the event also presented a valuable networking opportunity, bringing together healthcare professionals, students, academic leaders, and community members.

This collaborative environment fostered meaningful discussions on improving patient care and safety within the healthcare sector.


Saudi Feast Food Festival celebrates culinary journey through Kingdom’s rich heritage and diverse flavors

Updated 25 min 24 sec ago
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Saudi Feast Food Festival celebrates culinary journey through Kingdom’s rich heritage and diverse flavors

  • Festival features a lineup of activities spread across seven distinct zones
  • One of the main attractions is the culinary arts heritage area

JEDDAH: The Saudi Feast Food Festival, organized by the Saudi Ministry of Culture and Culinary Arts Commission, has officially begun its fourth event at the Abadi Al-Johar Theater in Jeddah, running from Nov. 27 to Dec. 6. 

The festival features a lineup of activities spread across seven distinct zones. One of the main attractions is the culinary arts heritage area, divided into 13 sections that represent different regions of Saudi Arabia. Each section highlights regional specialties, offering diverse culinary traditions from Jazan, Makkah, Al-Jouf, Qassim, Medina, Hail, Tabuk, Riyadh and Al-Baha, with more than 195 food stalls.

The highlight of the festival is the competition zone, where professional chefs face off in cooking competitions that showcase Saudi national and regional dishes, including jareesh and maqshush, the Saudi national dsh.

Chefs from all over the Kingdom will compete in daily challenges, with one or two competitions held each day throughout the festival, and with a cash prize of SR20,000 ($5,323) for the winner of each competition.

Turkan Sharawi, a judge in the competition and an expert in cuisine, patisserie and boulangerie, told Arab News: “This competition is a great opportunity to highlight our authentic Saudi food and cuisine. It’s not about creativity but about preserving traditional dishes and showcasing them to the world. When judging, I focused on techniques, how well the dishes reflected traditional recipes passed down through generations.”

Turki Badawi, an inflight chef for Saudia Airlines and first-time judge, said: “Judging has been a difficult task, as all the participants are incredibly talented. The chefs are presenting food in creative and internationally appealing ways. For my judging, I primarily focused on taste.”

Children in the kids zone can participate in hands-on workshops to learn about Saudi cuisine, art and culture — with activities such as cooking lessons, storytelling at “Grandmother’s Stories” corner, and interactive environmental awareness programs.

For those looking to enhance their culinary skills, the workshops zone offers up to 30 cooking workshops, where professional chefs teach everything from making traditional Saudi sweets to savory dishes.

Participating in the festival, Ahmad Zaki Kamel, founder of Azka Foods and azkabasket.com, said: “We are in all 13 zones. Thanks to the support of the Culinary Arts Commission, Azkabasket is participating at the festival with a large selection of products from our network of farms and producers representing all 13 regions of Saudi Arabia. This is both a celebration of the vast range of organic and natural local foods and a testament that AZKA’s goal of ethical food system self-sufficiency is an achievable objective.”

Sharif Alruwaili, representing the Al-Jouf region, said: “Al-Jouf is renowned for its olive oil, olives and a variety of dates. We also offer a distinctive blend of za’atar, made with a mix of different herbs and spices. I’ve brought products from my own farm, as well as others, to showcase here at the festival. It’s been truly rewarding to interact with visitors and educate them about Al-Jouf’s renowned produce.”

Fahad Ibrahim, founder of Maamoul Um Saleh Al-Ayed, said: “I’m here from Qassim with over 45 different types of traditional Saudi biscuits, especially Maamoul made with olive oil and sugar-free options for a healthier choice. We are excited to present our products to the public.”

Fayza Alshaeri, a local chef, presented a buffet of traditional food from Al-Qassim and said: “Cooking is my passion, and being a chef is something I truly love. This buffet represents authentic food from Al-Qassim, and it’s wonderful to see people enjoying it, especially those who have never tasted these dishes before.”

Similarly, Mohammed Kassarah, a chef from Madinah, showcased a spread including traditional Kabuli rice with chicken and meat, meat sambusas, and sweets. He said: “Our meat and chicken are fresh, sourced directly from Madinah. It feels great when visitors recognize the quality and freshness of our ingredients and praise the dishes we’ve prepared.”


Riyadh fintech forum ‘a turning point’ in Swiss-Saudi partnership

Updated 28 November 2024
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Riyadh fintech forum ‘a turning point’ in Swiss-Saudi partnership

RIYADH: The Switzerland Embassy in coordination with the Saudi Ministry of Investment and Fintech Saudi organized the first Saudi-Swiss Fintech Forum in Riyadh.

Swiss and Saudi experts took part in the event on Nov. 25-26 under the theme “Connecting Leaders across Borders.”

The forum provided a platform for the exchange of ideas and the rethinking of traditional financial models.

Switzerland is an established financial hub and Saudi Arabia has the largest financial services industry in the Middle East.

Swiss Ambassador to Saudi Arabia, Yasmine Chatila Zwahlen, said the forum marked a turning point in the development of the partnership between Switzerland and Saudi Arabia.

Nezar Al-Haidar, CEO of Fintech Saudi, said the collaboration between Fintech Saudi and its Swiss counterparts creates opportunities for knowledge sharing, and paves the way for access to new markets.

The leaders are working to make Saudi Arabia a global fintech hub, and this collaboration deepens the ties between our ecosystems, he added.

Arab News met Saudi and Swiss experts at the forum, who discussed finance, market opportunities and the importance of Swiss expertise in Saudi Arabia’s fintech development.

Yazeed Al-Shamsi, co-founder and CEO of Ejari, said: “Our perception of Swiss cooperation is positive. Fintech is the sector that has received the most funding in Saudi Arabia in the last three or four years. There is still room for growth.”

Al-Shamsi said that the banking and insurance sectors contribute significantly to gross domestic product, and there are still opportunities in wealth management, investment, financing, and alternative financing. 

Abdulmajeed Al-Askar, CEO of MoneyMoon, told Arab News that Saudi companies see Swiss-Saudi cooperation as a chance to bridge two diverse but complementary markets.

Switzerland has a long history of financial expertise, while Saudi Arabia is becoming a hub of entrepreneurial energy and digital adoption.

This collaboration is about building long-term partnerships that enable both sides to innovate and scale faster, Al-Askar said.

Saudi Arabia has many talented financial leaders and professionals, he added.

“By combining expertise with a forward-thinking approach, we can create an ecosystem that sets new benchmarks. Saudi Arabian leaders can design solutions tailored to the population’s needs. With new talent, we are creating an entirely new financial paradigm for the region.” 

Eva Selamlar, head of the Swiss Financial Innovation Office, said that Swiss companies can contribute their expertise to help Saudi Vision 2030. 

Andreas Iten, CEO of Tinety, said: “There are many opportunities in this market. The regulatory framework is favorable, so Swiss companies should look at it because there are great opportunities and a big need for digital solutions.”

The forum explored the opportunity for Switzerland and the Kingdom to advance their ambitions in the financial technology sector, in line with Vision 2030.


Saudi Arabia sends 25th relief plane to Lebanon

Updated 28 November 2024
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Saudi Arabia sends 25th relief plane to Lebanon

RIYADH: Saudi Arabia’s 26th relief aircraft loaded with humanitarian aid including food, medical supplies and shelter equipment arrived at Beirut-Rafic Hariri International Airport on Thursday, state news agency SPA reported.

The plane, operated by King Salman Humanitarian Aid and Relief Center, departed King Khalid International Airport in Riyadh earlier in the day as part of a continuing effort to transport hundreds of tonnes of medical supplies and food aid for Lebanese families displaced by the conflict.

A earlier statement from the Saudi aid agency KSrelief said the aid deliveries showed that the Kingdom was “standing with needy and affected countries … in the face of crises and difficulties.”


Saudi foreign minister arrives in Kuwait for ministerial meeting for Gulf Supreme Council

Updated 28 November 2024
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Saudi foreign minister arrives in Kuwait for ministerial meeting for Gulf Supreme Council

KUWAIT: Saudi foreign minister Faisal bin Farhan arrived in Kuwait on Thursday ahead of the ministerial meeting for the Supreme Council of the Cooperation Council for Arab States of the Gulf. 

The preparatory ministerial meeting is set to discuss the agenda of the 45th session of the Supreme Council of the Cooperation Council for the Arab States of the Gulf which is scheduled for next Sunday in Kuwait City. Leaders from all over the Gulf will attend the meeting. 

The minister was welcomed by his counterpart Abdullah Al-Yahya.