Registration open for 4th MITEF Saudi Startup Competition

Updated 04 October 2018
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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.

 


Majid Al-Futtaim gets exclusive naming rights

Khaled Al-Ajmi, country head of Majid Al-Futtaim — properties, accepted the award presented by Prince Faisal bin Bandar bin Abdulaziz.
Updated 32 min 14 sec ago
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Majid Al-Futtaim gets exclusive naming rights

Majid Al-Futtaim, a shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has been awarded exclusive naming rights of the Riyadh Metro Station located close to its upcoming mall, City Centre Ishbiliyah. The station will be called City Centre Ishbiliyah Metro Station.

Khaled Al-Ajmi, the country head of Majid Al-Futtaim — properties, accepted the award, which was presented by Prince Faisal bin Bandar bin Abdulaziz, high commissioner for the development of Riyadh and chairman of the committee responsible for the Riyadh Public Transport Network, at an awards ceremony held at the Cultural Palace, Riyadh, on Nov. 14. 

“We are proud to have been awarded the naming rights to the City Centre Ishbiliyah Metro Station in partnership with the Riyadh Development Authority and Riyadh Metro and fully support their objective of creating world-class sustainable and innovative urban developments. City Centre Ishbiliyah is planned to be a LEED Gold-certified shopping mall for excellence in energy and design, which is a testament to the importance we place on sustainability in all the group’s projects,” Al-Ajmi said. 

“We would like to extend our group’s gratitude to Prince Faisal bin Bandar bin Abdulaziz for his vision and leadership in building world-class transportation infrastructure designed to improve the lives of Riyadh’s residents. This project further reflects the partnership and collaborative efforts of the UAE and the Kingdom of Saudi Arabia,” he added.