Jama Rent a Car boosts fleet with 500 Renault vehicles

Updated 01 January 2016

Jama Rent a Car boosts fleet with 500 Renault vehicles

Gulf Advantage Automobiles (GAA) signed an agreement recently with Jama Rent a Car to provide 500 of Renault’s latest vehicles, including Safrane, Duster, Fluence, and Symbol.
These will supplement Jama’s existing fleet with vehicles that are “distinguished by their contemporary and groundbreaking specifications, stylish designs, strength, practicality and safety.”
Jama Rent a Car stated that this deal is the result of the company’s endless endeavor to provide the best and latest cars to its customers.
Renault cars offer “high performance and a nimble drive while maintaining the highest standards in terms of quality and safety,” Jama stated, adding that it is striving to offer better services for its clients and enhance its fleet on a yearly basis with the best and finest cars available in the market.
“Renault was chosen for its highest standards in quality, safety and suitability for the region’s climate while maintaining the most attractive prices in the market. All Renault cars are tested at its research center in the Gulf to match all-weather requirements earning customers' trust and becoming the ideal preferred car in the Gulf region and specifically in the Saudi market, in addition to the company’s excellence and commitment to provide best after-sales services to its esteemed clients,” the company stated.
This agreement confirms the confidence and assurance of the Saudi market, both individuals and companies, especially in light of the significant growth and increase in the demand for Renault cars in the Kingdom.
GAA is offering up to 60 percent discount on selective Renault spare parts with one year warranty at very competitive prices.
With a wide range of sales and service networks spread across the Kingdom, GAA claims it has further built upon its legacy of trust and excellent customer service and providing value for money to all its customers.


KAUST’s conscious investor program region’s first

Updated 24 September 2020

KAUST’s conscious investor program region’s first

King Abdullah University of Science and Technology (KAUST) has partnered with the investment platform VentureSouq, startAD, the Abu Dhabi-based global accelerator anchored at New York University Abu Dhabi (NYUAD), and its partner Tamkeen, to launch the first Conscious Investor Fellowship in the GCC. The pan-regional fellowship is a six-week virtual program dedicated to enabling regional investors in the GCC to create sustainable change through impact investments. The program, which will take place from Oct. 7 to Nov. 25, comes as part of the upcoming annual Angel Rising Symposium, to be held virtually between Nov. 24-25, which provides education and conversations on the future of the angel investment sector and how it can fuel national and regional innovation.

The fellowship aims to empower the next generation of regional mission-driven investors who will fuel emerging ventures using technology for meaningful change, resulting in a measurable positive impact. Twenty-five investors from family offices, corporate and government entities will be welcomed as fellows of this inaugural cohort, where they will learn how to identify and invest into tech-enabled impact-driven startups.

The program will cover conscious investment strategies, startup diligence and valuations, impact measurement, portfolio management, and global sector trends in the impact space. Elective thematic masterclasses will also be offered, with a specific focus on health tech, educational tech, environmental tech, and agricultural tech. Participants will be able to apply their knowledge and invest in live deals through VentureSouq’s Conscious Collective Fund. The inaugural edition is held in collaboration with the Sharjah Entrepreneurship Center and Hub71.

Hattan Ahmed, head of the KAUST Entrepreneurship Center, said: “KAUST is driven by a mission to advance research and create new technologies that address our greatest global challenge in food, water, energy, and the environment. We are starting to see more deep tech startups emerging from the ecosystem, disrupting existing industries and creating new solutions to these challenges. The Conscious Investor Fellowship is a key step to advancing this ecosystem and educating regional investors about the potential of emerging technologies and their long-term value. For Saudi Arabia in particular, there is a unique opportunity to nurture this deep tech ecosystem for real economic transformation.”

Ramesh Jagannathan, research professor of engineering, vice provost for entrepreneurship at NYUAD, and managing director of startAD, said: “Conscious investment is a growing global force, accelerated by the ongoing impacts of the global pandemic. In the UAE, and specifically Abu Dhabi, we have a unique opportunity to engage with this global trend, given that the emirate has the highest net potential wealth globally.”