Registration open for 4th MITEF Saudi Startup Competition

Updated 04 October 2018
0

Registration open for 4th MITEF Saudi Startup Competition

The Massachusetts Institute of Technology (MIT) Enterprise Forum Saudi Arabia, a chapter of the MIT Enterprise Forum (MITEF) Global in collaboration with Bab Rizq Jameel, the Community Jameel Initiative, has announced that registration is open for its fourth annual Saudi Startup Competition. 

This year’s edition will be held under the slogan “Challenge Yourself” and aims to nurture entrepreneurship and stimulate entrepreneurs in the Kingdom to contribute effectively to achieving the goals of Saudi Vision 2030.

Registration for the fourth edition of the competition opened on Sept. 24 and will continue until Dec. 25. Saudi and non-Saudi entrepreneurs from all age groups and business sectors may apply through the competition website, in one of the three categories: Ideas Track, Startup Track and Social Enterprise Track. The Ideas Track aims to help creative and scalable ideas with the potential by offering effective business and social solutions.

The Startup Track targets registered companies which have impact, have experienced teams and are scalable. The Social Enterprise Track, in collaboration with the King Khalid Foundation, recognizes successful social enterprises.

Speaking on the opening of registration, Fady Jameel, president of Community Jameel International, said: “We are eagerly awaiting the new edition of the MITEF Saudi Startup Competition and the upcoming group of Saudi entrepreneurs and talent. This event provides knowledge, networking and training for entrepreneurs. We invite all Saudis with creative ideas or enterprises to register in the competition to receive mentoring, meet high-profile speakers from the region and beyond, network with potential partners and win one of the cash prizes.”

He said: “This competition will challenge the fears that entrepreneurs have when they begin to make their dreams come true by starting up or expanding their businesses.”

Winners will receive funding of SR325,000 ($86,679). In addition, the participants will engage in workshops, training and mentoring sessions presented by business and social enterprise leaders. The nine winning teams will be invited to a further training course and to participate in the 12th MITEF Arab Startup Competition.

 


Fine watchmaking expo returns to Saudi Arabia

Updated 19 March 2019
0

Fine watchmaking expo returns to Saudi Arabia

Annual horology exhibition Salon des Grandes Complications (SDGC) is returning to Saudi Arabia for the third year in a row, with shows in both Jeddah and Riyadh. The event will showcase the latest masterpieces from some of the most celebrated watchmakers in history. The fine watchmaking exhibition will kick off in Jeddah at the Hilton Hotel April 8-11, and then move to Al-Faisaliah Hotel in Riyadh April 15-18.

Salon des Grandes Complications debuted in Dubai in 2014, later branching out to Saudi Arabia due to high demand and the appreciation of exceptional timepieces in the Kingdom. 

Saudi Arabia is a key Middle Eastern market for watchmakers — last year saw a year-on-year increase in the import of Swiss watches by 6 percent, and this figure is only expected to increase with the introduction of new policies. 

The capital city of Riyadh is home to over 10,000 watch collectors while Jeddah on the other hand, is Saudi Arabia’s commercial hub, with almost as many horological aficionados estimated to live there. 

Designed to offer a platform for Maisons and enthusiasts to convene, Salon des Grandes Complications creates opportunities for knowledge to be exchanged and collectors to discover — often for the first time in the region — limited editions, the newest launches and unique rarities. 

Among the international brands that will be present at the 2019 edition are Bell & Ross, Blancpain, Breguet, Breitling, Fabergé, Girard-Perregaux, Greubel Forsey, Harry Winston, Montblanc, Rudis Sylva, TAG Heuer, Ulysse Nardin and Zenith. 

With the introduction of several new brands, there will be a more diversified display of timepieces, from innovative novelties to classic creations, grand complications and high jewelry timepieces. Also new to this year’s edition will be a private majlis (a gathering place for social events), where special talks will be hosted by various brands and experts will share their personal insights into modern day horology. 

SDGC has successfully attracted over 80 international Swiss, German and Italian brands during the past five years.

The event will be held alongside the 10th annual Jewellery Salon 2019, a well-established jewelry exhibition in the Kingdom.

SDGC 2019 will be held in partnership with Bentley Motors and with the support of the Embassy of Switzerland in Saudi Arabia.

The event will be open free of charge to all professional visitors from 4 p.m. to 11 p.m.