SAGIA introduces new licensing program for innovators

Updated 20 April 2016

SAGIA introduces new licensing program for innovators

Saudi Arabian General Investment Authority (SAGIA) has announced a new licensing program tailored for innovators, both local and overseas talented students and researchers who are interested in implementing its ideas or patent rights for business startups across the Kingdom .
SAGIA’s new innovation-based license is a new license class that has been implemented in cooperation with King Abdullah University for Sciences & Technology (KAUST). SAGIA announced expansion of the implementation to involve all scientific and educational institutes in the Kingdom.
All eligible individuals interested in applying for innovative licenses are invited to submit their applications along with detailed documents that describe the idea, benefits, contribution to the local economy, job creation for Saudis, endorsement letters including concept validation from the educational or institute incubator, followed by progress reports for major project stages.
Innovators not being incubated by any educational or scientific institutions have to register their patents at KACST. This announcement is applicable to joint venture investors, whether local or overseas, which need to be licensed by SAGIA.
It is available for Saudi innovators who can receive privileges and services, including government services, offered by SAGIA’s business centers in Madinah, Riyadh, Jeddah, Dammam and Jazan.
Local innovators are invited to visit SAGIA website to complete registration and agree on terms and conditions. Applications and documents could be uploaded and submitted through SAGIA online services portal. Official response will be communicated to applicants within five working days.


Movie time at Riyadh’s Atyaf Mall with Vox

Updated 19 January 2020

Movie time at Riyadh’s Atyaf Mall with Vox

Atyaf Mall, in partnership with Majid Al-Futtaim’s Vox Cinemas, launched a cinema facility of 11 screens and 650-seating capacity. The eighth branch of Vox Cinemas in Saudi Arabia was inaugurated by Mohamed Al-Hashemi, country manager of Majid Al-Futtaim Ventures, in the presence of Shehim Mohammed, director of LuLu Saudi Hypermarkets, and Dr. Mohammed Al-Rowaished, CEO of Hewar Al-Rabie Company. 

The new cinema facility features seven standard cinemas, two VIP provisions, and two kids’ movie houses. Apart from refreshment counter favorites like popcorn, snacks and beverages, Vox Cinemas in Atyaf Mall offers a Nutella Bar, and Kitchen 35, a bakeshop with artisan breads and pastries and fresh juices in one entertainment venue. 

Mohammed, director of LuLu Saudi Hypermarkets, said: “We are proud to launch another entertainment venue for our dynamic customer base who considers Atyaf Mall as its home for lifestyle needs. We extend our biggest gratitude to our partners from Majid Al-Futtaim in making this project possible with innovative and customer-focused experiences and offerings on hand.”

Managed by LuLu Properties, the shopping mall and property development team of LuLu Group, Atyaf Mall houses conducive places for shopping, dining and leisure, along with a lineup of global brands, and a 220,000-square-foot LuLu hypermarket. From Matalan to H&M, Saco, and Red Tag, the fashion collection is expected to highlight the latest clothing lines and footwear pieces every season, alongside a food court and seven new restaurants that will soon showcase global flavors. 

“With these new concepts introduced in the mall, Atyaf Mall will continue to satisfy the evolving and adventurous lifestyle demands of the new age of Riyadh’s growing market,” Mohammed added.