SAGIA introduces new licensing program for innovators

Updated 20 April 2016

SAGIA introduces new licensing program for innovators

Saudi Arabian General Investment Authority (SAGIA) has announced a new licensing program tailored for innovators, both local and overseas talented students and researchers who are interested in implementing its ideas or patent rights for business startups across the Kingdom .
SAGIA’s new innovation-based license is a new license class that has been implemented in cooperation with King Abdullah University for Sciences & Technology (KAUST). SAGIA announced expansion of the implementation to involve all scientific and educational institutes in the Kingdom.
All eligible individuals interested in applying for innovative licenses are invited to submit their applications along with detailed documents that describe the idea, benefits, contribution to the local economy, job creation for Saudis, endorsement letters including concept validation from the educational or institute incubator, followed by progress reports for major project stages.
Innovators not being incubated by any educational or scientific institutions have to register their patents at KACST. This announcement is applicable to joint venture investors, whether local or overseas, which need to be licensed by SAGIA.
It is available for Saudi innovators who can receive privileges and services, including government services, offered by SAGIA’s business centers in Madinah, Riyadh, Jeddah, Dammam and Jazan.
Local innovators are invited to visit SAGIA website to complete registration and agree on terms and conditions. Applications and documents could be uploaded and submitted through SAGIA online services portal. Official response will be communicated to applicants within five working days.

Marriott hotel, apartments open in Riyadh’s DQ

Updated 21 March 2019

Marriott hotel, apartments open in Riyadh’s DQ

Marriott International and Dur Hospitality this week celebrated the opening of the Riyadh Marriott Hotel Diplomatic Quarter and Marriott Executive Apartments Riyadh, Diplomatic Quarter. The complex is strategically located in the heart of one of the most sought-after areas in the city with easy access to key embassies and major corporate headquarters, and a 30-minute drive from King Khalid International Airport. 

“We are delighted to enhance our footprint in Saudi Arabia with the opening of two strategically important hotels that not only complement each other but also deliver very distinct brand experiences. Saudi Arabia continues to be one of our key markets and we are delighted to further strengthen our partnership with Dur Hospitality,” said Alex Kyriakidis, president and managing director, Middle East and Africa, Marriott International.

The hotel is inspired by Wadi Hanifa, a beautiful desert oasis running through Riyadh. The low-rise hotel resembles the smooth, dry canyon walls that make for a dramatic arrival experience. Once you step inside, the waterways guide the way into the building, ushering guests through the arrival court into the palm-dotted oasis in the hotel’s courtyard. Planted cacti, flowering vines, plentiful blooming desert flora and native date palm trees create a calming ambiance, providing shade from the desert sun. 

The complex is the first five-star full service hotel in the Diplomatic Quarter and features 80 spacious modern rooms, and 140 fully equipped apartments. The deluxe rooms feature modern décor and ample work space, allowing guests to stay connected with in-room technology, including high-speed WiFi and bedside USB outlets. Guests staying in one of the six Premium Suites or the Presidential Suite can enrich their experience in the M Club Lounge offering an international buffet, hors d’oeuvre and local specialties 24 hours a day. 

The Riyadh Marriott Hotel Diplomatic Quarter houses three dining venues, Goji Kitchen — an all-day dining destination, a la carte restaurant Mesquite and Agave Café located in the lobby. The hotel offers multiple recreational areas surrounded by lush greenery. 

Muin Serhan, general manager of Marriott Hotels in Riyadh, said: “The opening of Marriott Riyadh and Marriott Executive Apartments Riyadh Diplomatic Quarter is considered an important milestone in our developing journey in the hospitality field; we are keen to provide a very special experience to our valuable guests whatever they are traveling for — business or leisure.”

He added: “And we are very proud to be part of the new Marriott travel program ‘Marriott Bonvoy,’ built on the belief that travel enriches its members and the world around them. Launching in February 2019, Marriott Bonvoy replaces Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG).”