PIF announces 6 ‘Knowledge Partners’ for FII 2018

Crown Prince Mohammed bin Salman, second from left, and other panelists at the Future Investment Initiative (FII) conference in Riyadh, on Oct. 24, 2017.
Updated 07 August 2018
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PIF announces 6 ‘Knowledge Partners’ for FII 2018

The Public Investment Fund (PIF) of Saudi Arabia has unveiled the six “Knowledge Partners” who will lead cross-industry taskforces at the second edition of the Future Investment Initiative (FII). The taskforces are interactive workshops on trending topics that offer participants a deep dive into the subject area. They also offer insights into how the trends can be leveraged to create investment opportunities.
The second edition of FII is taking place in Riyadh from Oct. 23-25 and will explore how investment can be used to drive growth opportunities, fuel innovation and shape future economies.
The six Knowledge Partners for FII 2018 are: Deloitte, EY, McKinsey & Company, Oliver Wyman, PwC / Strategy& and The Boston Consulting Group. Each company will bring together senior leaders from business, government and civil society for an in-depth discussion and learning session. The taskforce topics include:
• Cities — Demographic shifts, megacities, industrial shifts, education, design, and partnerships to build a more sustainable future
• Connect — AI-driven autonomous vehicles, corporate investments, and large-scale infrastructure re-imagining the way the world moves
• Culture — The ideas, trends, institutions, and economics driving the future of the global arts and culture industry
• Energy — Large-scale innovations and infrastructure remaking the global power and energy landscape over the next 10 years
• Ethics — How the world’s most successful companies are advocating for social good among institutions and consumers
• Explore — New formulas for developing world-class tourism destinations while preserving national heritage and identity
• Intelligence — Machine learning and cognitive computing that positions smart machines at the center of business and investment decisions
• Life — Breakthrough health-tech innovations and their impact on the future of health care investments
• Media — News, journalism, content, revenue models and the ways that access to information is changing the world
• Money — Transformational technologies and platforms reinventing commerce for the 21st century
• Play — Immersive experiences, business models, and visionaries changing the way the world is entertained
• Talent — Designing the future of work to be flexible, innovative, productive, creative and balanced
David Sproul, senior partner and chief executive, Deloitte North West Europe, said: “The Public Investment Fund, through innovative platforms such as the FII and its programs of strategic investment, is establishing itself as one of the most impactful and thoughtful organizations of its kind. Deloitte shares this ambition and commitment and is delighted to be selected as a Knowledge Partner for the FII 2018.”
Abdul Aziz Al-Sowailim, MENA Chairman and CEO, EY, added: “The Public Investment Fund has built an incredibly powerful platform through the FII for global thinkers to discuss trends that can transform the future. Building on the immense success of the FII last year, EY is very proud to take part in this year’s discourse as a Knowledge Partner. Through our sessions on smart cities and the future of entertainment we hope to drive the conversation around global investment in these key areas of growth.”


Careem honors outstanding captains in Riyadh

Updated 12 December 2018
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Careem honors outstanding captains in Riyadh

Careem held the first edition of its Captain’s Excellence Award Ceremony in Riyadh on Saturday. The event, which will be held annually, was the first-of-its-kind in the region and welcomed over 300 top-performing “captains” (Careem drivers) across the Kingdom. 

The captains were awarded based on different criteria such as: Captains with the highest number of trips, highest (customer-given) ratings and longest serving captains. Rewards were also handed out to captain ambassadors, i.e. those with the highest number of referrals and captains that were given a special shoutout on social media by customers for their dedication to their service. Several rewards were handed out along with the grand prize, a brand new car. 

Abdulla Elyas, chief people officer and co-founder of Careem, opened the event with an ode to the captains in attendance, thanking them for their service and commitment in driving impact through meaningful initiatives across the Kingdom. Some of these initiatives included the vaccination campaign in collaboration with the Ministry of Health, which helped more than 100,000 men, women and children across 17 cities get vaccinated in their own homes. Careem also collaborated with Bupa Arabia during Ramadan this year to donate clothes from customers to people in need, where over 180,000 donations were collected. 

Elyas also announced Careem’s partnership with Alwaleed Philanthropies (AP) in delivering the first installment of cars for the empowerment of people with special needs. The foundation, chaired by Prince Alwaleed bin Talal, will provide a number of cars over the course of seven years to men and women of the Society for Physically Disabled Adults (Harakia) after being trained.

“Our captains are the lifeblood of our business and we wanted to celebrate these men and women for helping us achieve our mission of simplifying and improving the lives of people in the Kingdom,” Elyas said. 

“We are proud to have 395,000 ‘captainahs’ (female drivers) and captains registered with us to date in Saudi Arabia, providing over 122 million rides. This ceremony is our small way to thank them for their service and reward them for the hard work they put in every day so that people have a safe way to get around. Without them, we wouldn’t be where we are today” 

Muaaed Al-Saeed, a representative from the Public Transport Authority (PTA), said: “We are excited to have you all; you have overcome each obstacle you were faced with in a short span of time and for that we are extremely proud.” 

He added: “On this occasion, I convey the regards of PTA President Dr. Rumaih Al-Rumaih. The participation of myself and Majed Al-Zahrani, PTA general manager, is proof of our support to all the captains.”