Pearl, Zubair SEC promote corporate governance

Yasmine Omari, executive director at the Pearl Initiative.
Updated 19 March 2019

Pearl, Zubair SEC promote corporate governance

The Pearl Initiative recently held a special dialogue session in collaboration with Zubair Small Enterprises Center (Zubair SEC) to address how corporate governance practices can help micro, small and medium enterprises (MSMEs) navigate growing economic challenges and boost business outcomes. 

The session was organized as part of Zubair SEC’s “Tajribati” monthly dialogue initiative, which hosts a number of prominent speakers and experts in governance and MSMEs in Oman and participating MSMEs at Bait Al-Zubair. This is the second time Pearl Initiative, a business-led nonprofit advocating corporate accountability in the Gulf region, has run governance-related sessions with Zubair SEC. 

Yasmine Omari, executive director at the Pearl Initiative, said: “The Pearl Initiative is consistently at the forefront of promoting a culture of corporate governance, accountability and transparency in the Gulf region. Our engagement with MSMEs on this front is crucial when considering the vital role these businesses play in boosting national and regional economies. A strong MSME sector — fueled by stringent corporate governance practices — will contribute to stronger economies, markets and overall development.”

The event, titled “Governance for Sustainable Growth: Enhancing MSME Outcomes,” highlighted the key role corporate governance practices can play in boosting the profiles of small businesses by making them more appealing to stakeholders, such as investors.

King Abdullah Economic City launches summer festival

Updated 22 July 2019

King Abdullah Economic City launches summer festival

King Abdullah Economic City (KAEC) has announced the launch of the Turquoise World summer season in the coastline of turquoise water on the Red Sea. 

Taking place until Aug. 31, the festival will feature a variety of thrilling events and activities that fulfill KAEC visitors’ and residents’ expectations, particularly those who are seeking a distinctive lifestyle of recreational and entertainment within a modern environment.

“In line with the Kingdom’s ambitious vision 2030, King Abdullah Economic City is living rapid growth in its several strategic sectors, including the quality of life program along with the tourism and leisure sector, in order to create a world of entertainment at the heart of our nation,” said Ahmed Linjawy, group CEO of KAEC.

“Set to become the leading destination on the Red Sea, KAEC is fully equipped for hosting and organizing massive events and activities due to its logistical and state-of-the-art infrastructure, including world-class social, sports and leisure facilities that have been developed to provide a high-quality environment to meet the needs of those who aspire to a luxury lifestyle overlooking the virgin beaches of the Red Sea.” said Linjawy.

The “Turquoise World” festival was inspired by KAEC’s new identity “Another World” to offer an exceptional experience that has been designed to entertain all family members, with unique direct turquoise view of the Red Sea. 

The festival offers a variety of exclusive activities and events at the Beach Walk, and range of water sports at the Yam Beach, and the Bay La Sun Marina and Yacht Club, including water games at Aqua Fun, K-MAX — the first multi-dimensional movie theater in the Kingdom, and Juman Karting, among others. 

In addition to top-class hotels with an elevated standard of living and services that make KAEC an ideal destination to visit and live.

King Abdullah Economic City is the largest privately funded new city in the world, situated on the west coast of Saudi Arabia. 

KAEC covers an area of 181 sq km of land, approximately the size of Washington DC. KAEC comprises King Abdullah Port, the Coastal Communities residential districts, the Haramain Railway district and the Industrial Valley. 

The city is under development by Emaar, The Economic City, a publicly listed Saudi joint-stock company established in 2006.