Silicon Valley sets out a path for Saudi women high-flyers

Updated 09 August 2018
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Silicon Valley sets out a path for Saudi women high-flyers

  • Invested is a women and business empowerment event to inspire and equip the next generation of female leaders
  • Invested set out to give Saudi students across California access to the tools, networks and resources that would help them succeed with their big ideasThey are driving economies, paving way for Saudi future

JEDDAH: At the Google Community Space in San Francisco, two companies joined forces on Tuesday to encourage women-led start-ups from Saudi Arabia to Silicon Valley. 

Invested, a women and business empowerment event to inspire and equip the next generation of female leaders, was co-organized by Spark, the Bay Area’s largest community of young philanthropists working for gender equality, and Blossom, the first Jeddah-based accelerator to focus on women-led technology startups in Saudi Arabia 

“Female founders received only 2 percent of venture capital (VC) dollars in 2017, and only 9 percent of US VCs are women” said Amanda Brock, Spark’s executive director.

Invested set out to give Saudi students across California access to the tools, networks and resources that would help them succeed with their big ideas.

“I remember one of the first and best ways I learned about entrepreneurship was through an event in California. It was the best event of my life. It changed everything for me.” said Emon Shakoor, CEO and founder of Blossom.

Students at Invested met and heard directly from women who have been changing entrepreneurship globally.

“Invested had dynamic, educational and confidence-boosting TED-style talks, mentorship from leaders in the field, and strategic networking activities with founders, funders, tech giants, leading accelerators and incubators from Silicon Valley and the Arab world,” Shakoor said. 

Speakers included Caitlin Crosby, founder and CEO of the Giving Keys; Shannon Spanhake, founder and CEO of Cleo; Brittany Davis, director of Deal Flow at Backstage Capital; Abdulrahman Al-Turjuman, section head of marketing at Sedco Holding; and Tasneem Sabri, co-founder of Vela and senior program manager at TechWadi.

“What I wanted every Saudi student studying abroad to know is that working hard and studying in college is not enough,” Shakoor said. “Your network is your empire. Invest in your mind because no one can take that away from you.”

Blossom also launched a promotional campaign for the event with dozens of women interviewed across Saudi Arabia sharing their stories of success and encouraging other Saudi women to push for job creation in the Kingdom.

Sponsors for the event included Silicon Valley Bank, Nour Nouf, Sedco Holding’s Rowad Riyali, Beauti, Saudis in USA and Destination Jeddah. 

“Today, 70 percent of Saudi Arabia’s population is under the age of 34. There are more Saudi women graduating from college, more Saudi women starting businesses, and research shows that the most successful companies have at least one woman founder on the team,” Shakoor said.

“So this year Saudi women are not only driving cars, they are also driving economies and paving the way for Saudi Arabia’s future.

“As one of the youngest Saudi entrepreneurs in the Kingdom, my advice to the youth is to start now, start young.”


King Salman receives Saudi Grand Mufti, princes, and military leaders

Updated 21 August 2018
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King Salman receives Saudi Grand Mufti, princes, and military leaders

  • King Salman extends Eid Al-Adha greetings to Saudi citizens, pilgrims and senior officials
  • King Salman arrived in Mina on Monday to supervise services being provided to pilgrims

JEDDAH: Saudi Arabia’s King Salman on Tuesday said it was an honor to serve fellow Muslims undertaking this year’s Hajj pilgrimage.
The King made the comments as he and Crown Prince Mohammed bin Salman received the Kingdom’s princes, Grand Mufti, scholars, sheikhs, ministers, and military leaders participating in Hajj at the Royal Court in Mina Palace.
King Salman arrived in Mina, in the holy city of Makkah, on Monday, to supervise services being provided to almost 2.4 million pilgrims.
He greeted his visitors and all the Saudi citizens, as well as the pilgrims, on Eid Al-Adha.
“Dear brothers, Allah has honored our blessed country with the duty of serving pilgrims and providing them with the necessities to ensure they perform their rites safely and smoothly.
“Great lengths to serve them and ensure their comfort continues to be a source of pride for our country, since it was founded by the late King Abdul Aziz, and we will continue to perform this duty with the help and support of Allah.”
The King added: “My brothers and sons in the military, the pilgrims who have come to perform Hajj and Umrah, and the whole world, are seeing and experiencing your efforts in serving pilgrims, which is your duty and honor.
“These great sacrifices made by the Kingdom’s military sectors to defend the country and to protect its sanctities and capabilities are our pride.
“On this blessed day, we remember our martyrs and heroes, who sacrificed their lives for their religion and their country, and we ask Allah to bestow his mercy upon them and grant the wounded a fast recovery.
“We ask Allah to keep our country safe and secure, and to help us serve our religion and country.”
The gathering included senior guests from GCC countries and officials form the Saudi scouts officials who have come extend their greetings to the King on Eid Al-Adha,
Gen. Saeed bin Abdullah Al-Qahtani, Assistant Minister of Interior for Operations Affairs and General Supervisor of Public Security, congratulated King Salman, the commander-in-chief of all the armed forces, on Eid Al-Adha on behalf of those who had provided security services during Hajj.
“The Hajj security forces have begun carrying out their tasks, which are focused on maintaining the security and safety of pilgrims, enabling them to perform the Hajj rituals, and providing them with the humanitarian assistance they need,” he said.
Earlier, King Salman said that serving Hajj pilgrims was: “The greatest honor that God has honored our country.”
“I call upon him to complement the pilgrims and to perpetuate good and peace for our nation and the rest of the country,” the Kingdom’s ruler posted in Arabic on his Twitter account.
Government data show that 2.371 million pilgrims are participating in this year’s Hajj, with 1.758 million of them coming from abroad.