Boeing sponsors first Saudi International Airshow

Over the years, Boeing has developed and expanded relationships with the Saudi civilian and defense sectors as well as with the private sectors.
Updated 10 March 2019

Boeing sponsors first Saudi International Airshow

RIYADH: Boeing Saudi Arabia is a sponsor of the first Saudi International Airshow that will be held at the Thumamah Airport in Riyadh from March 12-14.
The sponsorship is an affirmation of Boeing’s long-term relationship with the Kingdom and underscores its partnership with Saudi Arabia’s Vision 2030 with a range of programs and support of the local industry, said Ahmed Jazzar, president of Boeing in Saudi Arabia.
“Boeing’s participation in this important and exciting exhibition reflects the fortitude of the Saudi Arabian aerospace industry,” said Jazzar. “We at Boeing are proud to have been a strategic partner with Saudi Arabia for the last 74 years, and we continue this partnership to achieve the goals of the National Transformation Program and Vision 2030 to develop the Kingdom’s aerospace ecosystem.”
Over the years, Boeing has launched a range of economic offset programs such as: Al-Salam Aerospace Industries, Advanced Electronics Company, Aircraft Accessories and Components Company and International Systems Engineering Company. Boeing continues to contribute to the expansion of the technical base of many local institutions in both the civil and military fields.
Boeing, Saudia Aerospace Engineering Industries and Al-Salam Aerospace Industries established the Saudi Rotorcraft Support Company, which focuses on providing sustainable employment opportunities for Saudi youth, helping to develop technical skills, and supporting national talent in the vertical aviation industry.
In March 2018, in line with Saudi Arabia’s Vision 2030, and following the announcement by Crown Prince Mohammed bin Salman to localize 50 percent of the total military spending by 2030, Saudi Arabian Military Industries (SAMI) signed an agreement with Boeing to develop the local defense industry.
In January this year, Boeing signed a memorandum of understanding with the National Industrial Development and Logistics Program (NIDLP), the Saudi Industrial Investments Company (Dussur) and Saudi Arabian Mining Company (Maaden) to support the Saudi aerospace industry under the umbrella of Vision 2030. This MoU will contribute to the support and development of the local aerospace aluminum industry.
Boeing enjoys a strong and long-standing relationship with the Kingdom. The partnership began on Feb. 14, 1945, when US President Franklin D. Roosevelt presented a twin-engine DC-3 Dakota airplane to King Abdul Aziz Al-Saud. This event marked both the beginning of Boeing’s relationship with Saudi Arabia and the birth of commercial air travel in the Kingdom. Since then, Boeing has developed and expanded relationships with the Saudi civilian and defense sectors as well as with the private sectors.

360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019

360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.