MITEF Saudi Startup competition announces winners

The nine top-placing participants have now won the right to participate in the 11th MITEF Pan Arab competition.
Updated 05 March 2018

MITEF Saudi Startup competition announces winners

MITEF Saudi Arabia, part of the MITEF global network, has announced the winning teams at the finals of the MITEF Saudi Startup competition.
Participants were competing in three tracks — Startup track, Social Enterprise track, and Ideas track. The winners were:
l In the Startup track, the first prize went to Quantum Solutions, with Avokado taking second prize and Ironix third. Quantum Solutions received SR100,000 ($26,666), with second place receiving SR25,000, and third SR15,000.
l Labayh took first prize in the Social Enterprise track, with Aquaponica second and Blooming Bs third. The first prize winners received SR100,000, SR 25,000 for second place, and third place SR 15,000.
l In the Ideas track, first place was awarded to Duleb, with Cucumber second and Qisma third. The first prize winner received SR20,000, with second and third taking SR15,000 and SR10,000 respectively.
The nine top-placing participants have now won the right to participate in the 11th MITEF Pan Arab competition, which will be held in Oman in April, where the best entrepreneurial ideas from across the region will be showcased.
During her welcoming speech, Sarah Ghaleb, senior general manager of education and entrepreneurship initiatives at Community Jameel, expressed her delight at hosting a selection of national and international guests, investors and entrepreneurs at the final event of the MITEF Saudi Arabia. She said this is the third year a new generation of Saudi entrepreneurs have shown their work in the field of ideas, startups and social enterprise.
The Saudi StartSmart conference was also held as part of the finals event, where distinguished speakers such as Princess Banderi Al-Faisal, chief executive officer of King Khalid Foundation, encouraged local entrepreneurs to keep developing successful social and commercial ideas and projects.
The MITEF Saudi Startup competition is staged by MITEF in partnership with Bab Rizq Jameel (a Community Jameel initiative), Zain Saudi Arabia, and Dulani Business Center.
The closing ceremony was held in Riyadh on March 3. The event was attended by Majid bin Abdullah Al-Qasabi, minister of commerce and investment, as well as prominent Saudi and Arab figures, investors, entrepreneurs, and media representatives.

From Rome to Riyadh, Pirelli concludes global tour

Updated 11 December 2018

From Rome to Riyadh, Pirelli concludes global tour

Italian tire company Pirelli has completed its seven-star series of pit-stops at Italian embassies around the world with a visit to the Italian Embassy in Riyadh, where Ambassador Luca Ferrari received the brand’s bespoke “il-tricolore” tires.

Ferrari was gifted a set of four specially customized P Zero Color Edition tires, which carry the red, white and green of the Italian flag on the inside of the tire wall. The tires were fitted to the official embassy car in Riyadh with Ambassador Ferrari becoming the seventh top-ranking Italian diplomat to receive the gift from the tire company.

The tricolor tires were presented during an exclusive event at the residence of Ferrari in the presence of over 100 guests. 

Ferrari highlighted how more than 30 percent of Italian exports are machinery and automotive goods, which makes Italy Europe’s second largest exporter of machinery and second largest manufacturer in the EU. The ambassador also underlined that the best cars in the world run on Pirelli tires, including Formula 1 cars, and that he is proud to receive the “tricolore” tires.

Ferrari joins his counterparts in Germany, the UK, China, Russia, the US and the UAE in becoming a recipient of the tires.

Carlos Milani, managing director Pirelli, Middle East, said: “Saudi Arabia is one of the key markets for Pirelli and the gifting of ‘il-tricolore’ tires to Italy’s ambassador in the Kingdom aligns with our strategy to expand our presence across the Middle East.”

He added: “The lifting of the ban on women driving in Saudi Arabia earlier this year has created new opportunities for leading players in the automotive industry. As the leader in the premium tire sector this development represents an exciting stage in Pirelli’s growth in the region.” 

The tire fitting ceremony in Riyadh was conducted by Pirelli’s mobile service van, a collaboration with United Yousef M. Naghi Co. Ltd., the official partner of Pirelli tires in Saudi Arabia.