Saudi entrepreneurs win trip to Berlin to pitch their ideas

Speakers and members of the jury at the Saudi-German start-up competition in Riyadh. (AN photo)
Updated 25 March 2018

Saudi entrepreneurs win trip to Berlin to pitch their ideas

RIYADH: Entrepreneurs from two Saudi start-ups will travel to Germany in April to pitch their ideas to potential investors after they won a competition in Riyadh on Saturday.

Ten finalists competed to win the trip to Berlin. They had two minutes to present their business ideas to the German-Saudi business community and a jury of experts, followed by two minutes of follow-up questions.

The winners were Labayh, from Madinah, a project that helps people suffering from family and psychological problems with a mobile app that connects consultants and users; and Lucidya, from Jeddah, a company that aims to help businesses to make smarter decisions by using artificial intelligence and big data.

The start-up competition was organized by the German-Saudi Arabian Liaison Office for Economic Affairs and attended by Princess Joharah bint Talal bin Abdul Aziz Al-Saud as guest of honor. 

“We will bring the two winning start-ups to Berlin to showcase promising Saudi start-ups at a very interesting conference, the MENA Business Forum,” Oliver Oehms, delegate of German Industry and Commerce for Saudi Arabia, Bahrain and Yemen, told Arab News.

“Small and medium-sized companies and innovative business ideas are the key drivers of the German economy and a growing sector in Saudi Arabia.”

Dieter Haller, the German ambassador to Saudi Arabia, said: “The Saudi start-up sector is as vital and dynamic as any in Saudi society. We thought we should bring the Saudi and the German start-up scenes together, and one of the most fertile places for start-ups in Berlin.

“I am so happy that the two winning start-ups will be invited to this important conference in Berlin.”

The MENA Business Forum in Berlin is being organized by the Association of German Chambers of Commerce and Industry and the German Chambers of Commerce from the Middle East and North Africa.

Saudi Arabia ‘strongly condemns’ Houthi attack on Yemen UN monitors

Updated 18 January 2019

Saudi Arabia ‘strongly condemns’ Houthi attack on Yemen UN monitors

JEDDAH: Saudi Arabia on Friday strongly condemned the targeting of “UN personnel by the Iran-backed Houthi militia in Yemen” after cease-fire monitors came under fire.
The attack took place on Thursday in Hodeidah, where a truce agreed in talks in Sweden came into force last month.
The Houthi militia “have violated their signed commitments in Stockholm and continue to flout international law and escalate their aggression against the Yemeni people,” Saudi Arabia’s Ambassador to the United States Prince Khalid bin Salman tweeted on Friday.

The UN said one round of small arms fire struck a UN-marked armored vehicle that was part of convoy carrying chief monitor Patrick Cammaert.
The UN monitors arrived in Hodeida — the entry point for the bulk of Yemen’s imports — on Dec. 23. The UN Security Council this week agreed to expand the force to 75 monitors.