Budding businesses make their case at Riyadh conferences

The event was attended by Commerce Minister Majid Al-Qassabi. (SPA)
Updated 13 December 2018
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Budding businesses make their case at Riyadh conferences

  • The event featured a number of dynamic initiatives to support entrepreneurs, including interactive workshops and pop-up stores for Instagram businesses

RIYADH: Thousands of start-up owners, investors and other visitors flooded into the capital for two events in Riyadh on Wednesday.
The ArabNet Riyadh conference, which focuses on digital businesses in the Gulf region, and ArabNet’s Monsha’at Startup Saudi, attracted regional and international digital business leaders and investors who came to share the latest trends and business opportunities with an audience of more than 4,000 up-and-coming entrepreneurs and students and 200 start-ups.
The event was attended by Commerce Minister Majid Al-Qassabi and Saleh Al-Rasheed, governor of the General Authority of Small and Medium Enterprises (Monsha’at), in addition to more than 300 global and regional leaders.
“At Monsha’at, we seek to support small and medium-sized enterprises and empower them in the drive for economic development,” said Al-Rasheed.
“This is a great addition to the Kingdom’s business community,” said ArabNet CEO and Founder Omar Christidis. “Thousands of attendees presented business plans to 100 investors from around the globe. Conferences like this bring together key stakeholders that are critical for the growth of the digital sector.”
“Here at this conference, we have regulators and corporations that represent some of the largest customer bases in innovation,” he added.
The opening ceremony was followed by a high-profile panel that discussed the components needed to make Saudi Arabia the region’s next Silicon Valley.
The panel featured prominent figures, including Careem Co-Founder Abdulla Elyas, Omar Al-Madhi, senior managing editor of Abdul Latif Jameel, and Khalil Al-Shafei, CEO and managing director at Saudi Aramco Entrepreneurship Venture.
The event also featured a number of dynamic initiatives to support entrepreneurs, including interactive workshops and pop-up stores for Instagram businesses. The event also allowed one-on-one meetings between executives and start-ups.


MiSK, Qiddiya team up for internship program 

Updated 25 March 2019
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MiSK, Qiddiya team up for internship program 

  • Interns will work on entertainment mega-project
  • Program open to university seniors and new graduates

RIYADH: A new internship program for young Saudis has been launched in the Kingdom, following a partnership between Misk Foundation and the Qiddiya Investment Company (QIC).

The program runs from June 16 to Aug. 31, 2019, and provides an opportunity for university seniors and recent graduates to be part of Qiddiya, an entertainment mega-project located 40 minutes from Riyadh.

Interns will have the chance to work at Qiddiya’s corporate offices alongside professionals from around the world and will be placed across 12 departments.

They will learn and develop skills that are required to succeed in their professional lives.

They will also gain exposure to QIC’s culture and learn from executives with over 20 years of experience across several sectors. 

QIC CEO Mike Reininger said: “We are contributing directly to the Saudi Vision (2030 reform plan) by creating a richer lifestyle for Saudi citizens while spurring innovation in the creative, hospitality and entertainment sectors. This unique opportunity allows students and fresh graduates to experience what it takes to be part of the change in Saudi by giving them the chance to work alongside a group of both local and international seasoned professionals. Thanks to this partnership with MiSK, we will be training the next generation of industry leaders.” 

Application to the program is open for those with fewer than two years of professional experience. Candidates must show strong academic credentials and submit a short video as part of their application.

King Salman led the Qiddiya ground-breaking ceremony in front of a global audience last April.

The project is aimed at helping to stem the $30 billion a year which Saudis currently spend abroad on tourism, and has the backing of the Kingdom’s Public Investment Fund.

It targets local, regional and international tourists and will be Saudi Arabia’s preeminent entertainment, sports and cultural destination.

It is expected to be the world’s largest entertainment city by 2030, with a total area of 334 square kilometers, surpassing Walt Disney World in Florida, which is only 110 sq. km.