Prince Sultan applauds Midwan Edutainment’s work

Updated 14 April 2015
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Prince Sultan applauds Midwan Edutainment’s work

Midwam Edutainment, a Saudi Arabia-based technology company offering turnkey solutions for 3D, Virtual Reality (VR) and Augmented Reality (AR), received recognition and positive feedback for its project revolutionizing a UNESCO World Heritage site, Bait Nassief in Jeddah, using multiple technology platforms.
Midwam Edutainment showcased this technology at the Saudi Travel and Tourism Investment Market Forum (STTIM), held in Riyadh between March 29 and April 3.
Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA) who commended Midwan Edutainment’s work, said: “By changing how we experience our environment, the best of AR and VR technologies also prompt growth of other verticals such as tourism and education.”
He added: “These pioneering technologies are currently implemented by the SCTA in 25 museums in Saudi Arabia. Midwan’s work in Jeddah’s UNESCO World Heritage site is one-of-a-kind.”
Khalid Muawad, co-founder and chief technology officer, Midwam Edutainment, said: “By weaving technology with imagination, we are creating such newly demanded aesthetics.”
Hattan Nassief, head of the development department at Midwam, highlighted the company’s augmented reality technologies to Prince Sultan bin Salman, president of the SCTA who applauded the ability of these technologies to change the landscape of the tourism market in the Kingdom.
Mats W. Johansson, co-founder, president and CEO of Eon Reality, Midwam’s foreign partner, said: “We have opted to cooperate with SCTA for its pioneering role on the technological levels.”
Sponsored by the Saudi Commission for Tourism and Antiquities, Saudi Travel and Tourism Investment Market Forum is a key event with multiple activities aimed to both B2B (business) and B2C (public) target groups. This year, more than 80 local and international experts discussed issues of relevance within tourism, investment opportunities and the future of the market in Saudi Arabia during 40 workshops and lectures catered to the tourism work force.


ICD, BBI launch global private sector platform

The agreement was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI, on Wednesday at the ICD’s headquarters in Jeddah.
Updated 19 May 2019
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ICD, BBI launch global private sector platform

The Islamic Corporation for the Development of the Private Sector (ICD) and Bosna Bank International (BBI) signed a memorandum of understanding on May 16 in Jeddah. The MoU is related to a new initiative — the Global Platform for Private Sector — where the two institutions and community of like-minded financial entities can collaborate on business opportunities, exchanging market intelligence and laying a foundation for actual financial transactions within the member countries and across borders.
The signing ceremony took place in ICD’s headquarters in Jeddah and the document was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI.
Sejiny said: “ICD takes the lead in launching such a platform network to demonstrate productive applications of fintech in modern global business affairs, to help reduce financial transaction costs for its member banks, leasing companies and micro-finance institutions and to upgrade the advisory services that ICD offers to its partners across the Islamic developmental network.”
Bukvic added: “We welcome the initiative and we’re happy to be among the first entities to sign the MoU with ICD. Such a platform would open opportunities for Bosnia and Herzegovina, BBI bank and other partners once implemented, and will most certainly facilitate investment across borders. This will extend our efforts already expressed by organizing international events in the capital of Bosnia and Herzegovina, such as the Sarajevo Business Forum and the Sarajevo Halal Fair.”

 

Bosna Bank International (BBI) d.d. Sarajevo is the first bank, both in Bosnia-Herzegovina and Southeast Europe, to operate in accordance with Islamic finance principles. BBI offers several types of financial services to retail and corporate clients through its business based on ethical principles and partnership. Shariah compliance is ensured by the BBI Shariah board with members of this board being prestigious local and international experts.
The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide. One major goal of this online platform is the sharing of investment, advisory, sukuk, financing and other deals in an environment of common Islamic values.
ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group. It was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross-border investments.
ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 54 Islamic countries and five public financial institutions.

Decoder

The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide.