DiplomaticQuarter: Week-long German tour for best Saudi, Bahraini entrepreneurs

At least 46 start-ups from 16 countries were part of last year’s roadshow through Germany’s innovation hubs. (Photo/Supplied)
Updated 08 August 2018
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DiplomaticQuarter: Week-long German tour for best Saudi, Bahraini entrepreneurs

  • Given the Kingdom’s rising ecosystem, start-ups from Saudi Arabia will participate in the tour for the first time
  • Saudi and Bahraini start-ups can submit their applications via presentation and/or video until Aug. 14

JEDDAH: To foster local talents and in support of the Kingdom’s Vision 2030, the German-Saudi Arabian Liaison Office for Economic Affairs (GESALO) aims to find the best Saudi and Bahraini high-tech start-ups in the fields of smart cities, mobility/logistics, and insurance technology at the Start.Up! Germany Pitch Night at the Ritz-Carlton Bahrain on Sept. 6.
Following the success of the first German-Saudi Startup Competition in March, the winners of the Start.Up! Germany Pitch Night will be awarded fully sponsored participation in this year’s Start.Up! Germany Tour in Dusseldorf, Cologne, and the Ruhr area (Oct. 7-12, 2018), with a special welcoming day for Saudi and Bahraini start-ups in Berlin on Oct. 5.
“Providing a platform for local start-ups to unleash their innovative ideas and potential is one of our duties. In that regard, Start.up! Germany is the perfect meeting point of the old and new economy,” said GESALO Project Manager Fabian Zittlau.
Given the Kingdom’s rising ecosystem, start-ups from Saudi Arabia will participate in the tour for the first time. Last year, 46 start-ups from 16 countries such as Brazil, France, Kenya, Russia, and South Korea took part in last year’s roadshow through Germany’s innovation hubs.
The start-ups can expect a series of meetings and matchmakings with German and international investors, public institutions and companies such as Thyssenkrupp, Vodafone, Henkel, Trivago, WILO, Ergo, Evonik, KPMG and DB Schenker.
In addition to pitch events within the individual categories, various workshops are offered to all start-ups. Berlin and the Ruhr area are Germany’s startup hotspots: More than 44 percent of new businesses in Germany are founded in these regions, and 41 percent of venture capital is flowing to Berlin and the Ruhr area.
Saudi and Bahraini start-ups can submit their applications via presentation and/or video until Aug. 14. In Bahrain, the best candidates will compete against each other in a three-minute presentation in their personal categories in front of a high-level jury of company and association representatives from the three countries.
The most promising ideas and business models will qualify for the Start.Up! Germany Tour 2018. Registration is open to Saudi and Bahraini start-ups founded after Jan. 1, 2015, and which have at least one founder from the respective countries. Applications can be submitted at the following link: www.gesalo-startup.com.


King Salman to inaugurate Saudi Arabia’s Haramain high-speed railway

Updated 7 min 44 sec ago
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King Salman to inaugurate Saudi Arabia’s Haramain high-speed railway

  • The 450 kilometer train line connects the holy cities of Makkah and Madinah with stations at Jeddah, King Abdul Aziz International Airport, and King Abdullah Economic City
  • This giant project has been implemented in three stages by a number of national and international companies

JEDDAH: Saudi Arabia’s King Salman will inaugurate the Haramain high speed rail project on Tuesday ahead of the start of commercial operations next month.
The 450 kilometer train line connects the holy cities of Makkah and Madinah with stations at Jeddah, King Abdul Aziz International Airport, and King Abdullah Economic City.
Saudi Minister of Transport, Dr. Nabil bin Mohammed Al-Amoudi, expressed his gratitude to the King for his patronage of the ceremony as well as his support for national projects.
Al-Amoudi said King Salman gives great importance to the transportation projects in Saudi Arabia as they represent the Kingdom’s efforts in serving citizens and visitors, specifically pilgrims.
He also said the King and Crown Prince Mohammad bin Salman are always committed to provide the highest quality services to pilgrims, to fulfill Saudi Arabia’s Vision 2030, which aims to increase the number of pilgrims.
This giant project has been implemented in three stages by a number of national and international companies.
The project can carry 60 million passengers a year with a fleet of 35 trains containing 417 seats each.
Dr. Rumaih bin Mohammed Al-Rumaih, chairman of the Public Transport Authority, said the project is the region’s first high-speed electric train.
The designs of the stations of the Haramain rail were inspired by the unique Islamic architecture of the cities of Makkah and Madinah.