Airbus unveils ‘Entaliq in KSA’ winners

Nouf Aljalaud won the first prize for ‘The Traveler Eye’ project.
Updated 10 July 2018
0

Airbus unveils ‘Entaliq in KSA’ winners

The winners of the “Entaliq in KSA” initiative were announced on Monday at a ceremony held under the patronage and attendance of Prince Dr. Turki bin Saud bin Mohammed Al-Saud, president of King Abdul Aziz City for Science and Technology (KACST) in Riyadh.

In line with the Saudi Vision 2030, “Entaliq in KSA” in partnership with TAQNIA Aeronautics and Saudi Arabian Airlines is an initiative that empowers entrepreneurial talent from the aerospace sector.

A day before the closing ceremony, the top 10 finalists pitched their ideas before a judging panel that consisted of aerospace industry experts. Following a six-month scouting run for innovative solutions for the aerospace industry, the three winners were deemed to have generated the best ideas.

The three winning ideas of the “Entaliq in KSA” initiative are: “The Traveler Eye” by Nouf Aljalaud that showcases information of landmarks passed during the flight using augmented reality on aircraft windows, “Landing Gear Motor” by Ahmad Alhamad, which aims at minimizing the amount of lost rubber during landing, and “VR Flight Entertainment” by Abdul Aziz Abdulrahman Al-Musayib, Ahmad Ali Alshareef, Nouf Abdul Aziz Alrayes, Mosab Nasser Alouais, Khaled H. Ghubaysh and Ibrahim Abdullah Alsayyari, which enhances passenger experience using VR.

The three winners will be aided further in the development of their organizational and business plans with incubation opportunities that bring their ideas to fruition. The incubating partners of “Entaliq in KSA” include Rockwell Collins, Altran, and Qotuf, which will work with the winners to sharpen their vision and business proposition. 

The “Entaliq in KSA” initiative, having concluded its second edition, represents a nationwide hunt for talented Saudi Arabian entrepreneurs. It is specifically tailored to inspire and support talented individuals who possess an idea or business model in its startup phase. 

“Our collaboration with leading Saudi organizations aims at nurturing Saudi talent and creating valuable business ventures in the local market. 

This joint initiative further contributes to building a knowledge-based society and to the sustainable development of the Kingdom that is in line with Vision 2030 and the National Transformation Program,” said Fouad Attar, head of commercial, Airbus Africa and Middle East.

The “Entaliq in KSA” entrepreneurs began their journey with an “Online and Onsite Development” phase, where they attended a series of live workshops and online webinars. As part of the workshops, they were granted opportunities to interact with experts from the aerospace industry through Q&A sessions to assist them in perfecting their ideas. Thereafter, 10 finalists were selected, and a “Top Talent Showcase” phase ensued. The winners were selected based on an evaluation that took place prior to the final ceremony in front of the “Entaliq in KSA” jury.

The second edition of “Entaliq in KSA” is in partnership with TAQNIA Aeronautics, Rockwell Collins, Altran, Qotuf, KACST and Saudi Arabian Airlines, in addition to the program’s community partners such as Saudi Arabian Cultural Mission (SACM) and Aviation Australia Riyadh College.


Emirates NBD opens branch in Alkhobar

Updated 20 September 2018
0

Emirates NBD opens branch in Alkhobar

Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar. 

As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame. 

UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.

Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia. 

“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD. 

“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.” 

Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.

Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.” 

Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.