Berlin tours for Saudi-German start-up competition winners

Updated 18 February 2018

Berlin tours for Saudi-German start-up competition winners

RIYADH: Two young Saudi entrepreneurs chosen as winners in the first German-Saudi start-up competition on March 22 will be awarded a four-day tour of Berlin to make a presentation of their companies and services.
“The competition offers young entrepreneurs a platform to connect with industry leaders, experienced investors and potential new customers,” said Oliver Oehms, secretary-general of the German-Saudi Arabian Liaison Office for Economic Affairs (GESALO).
They can join the competition in tech innovation and social entrepreneurship until March 5 to be shortlisted as participants.
Registered companies with user traction and sales as well as innovative ideas are eligible.
The jury for the competition will be composed of leading Saudi entrepreneurs, investors, the GESALO secretary-general, and German Ambassador to Saudi Arabia Dieter W. Haller.
Oehms said the winners will make a presentation in front of prominent Saudi businessman and special guest Khaled Juffali, chairman of the Saudi-German Business Circle, during the MENA Business Forum on April 12.
“Before and after the event, an exciting dive into the vibrant start-up ecosystem in Berlin is waiting for the winning entrepreneurs,” Oehms said.
He said the young Saudis will have individual meetings with successful company founders, investors and experts.
Asked if the competition will help boost bilateral trade, Oehms said the effect would not be immediate but that it helps in the long term.
The competition is organized by GESALO in cooperation with the German Embassy and Glitch International.

Saudi Arabia, South Korea reach agreement on visas

King Salman chairs the Cabinet session in Riyadh on Tuesday. (SPA)
Updated 16 January 2019

Saudi Arabia, South Korea reach agreement on visas

  • Cabinet OKs air transport pact with Indonesia

JEDDAH: The Saudi Cabinet met to discuss a series of national and global developments on Tuesday, in a session chaired by King Salman.

At the forefront of the agenda was the escalation in tensions between Israel and Hamas along the Gaza border, and the continuing encroachment on Palestinian land by Israeli settlers in the West Bank. The Cabinet responded by demanding that the UN Security Council intervene. King Salman also relayed to ministers the outcome of his talks with US Secretary of State Mike Pompeo, which covered many regional issues.

The minister of media, Turki bin Abdullah Al-Shabanah, announced that after reviewing proposals from the Ministry of Foreign Affairs and a decision from the Shoura Council, a memorandum of understanding between the government and the Republic of Korea on granting visit visas had been agreed upon.

The Cabinet approved the amendment of the air agreement on regular air transport between Saudi Arabia and Indonesia.

The Cabinet, meanwhile, praised the progress of the 2025 Sustainable Agricultural and Rural Development Program, aimed at enhancing farming techniques by promoting sustainable water and renewable energy sources.

They also discussed the framework in Vision 2030 and the National Transformation Program 2020 for building a sustainable renewable energy sector, reiterating aims to lead global renewable energy developments over the next decade, and create projects such as the wind-powered plant at Dumat Al-Jandal, as part of the King Salman Renewable Energy Initiative.

In a statement, though, Al-Shabanah said: “The Cabinet discussed the announcement made by the minister of energy, industry and mineral resources about the Kingdom’s oil and gas reserves, which highlighted the importance of Saudi Arabia as a secure source of oil supplies in the long term.”

He added, in closing, the Cabinet’s praise for the efforts of Saudi security forces in the tracking and arrest of seven people in Qatif, which foiled a planned terrorist attack.