KACST signs deal for women entrepreneurs

Updated 19 July 2013

KACST signs deal for women entrepreneurs

The King Abdulaziz City for Science and Technology (KACST), represented by Bader Technology Incubators, has signed a joint cooperation deal with Princess Madawi bint Musaid bin Abdulaziz Fund for the Development of Women (Deem Al-Manahil) with the aim of providing assistance to Saudi female entrepreneurs.
Princess Madawi and the CEO of Bader program Nawaf bin Atif Al-Sahhaf signed the agreement.
Commenting on the deal, Princess Madawi said the agreement will bolster cooperation between “Deem Al-Manahil” and Bader Program through the provision of training programs and financial support to projects presented by Saudi women. In addition, she added the program would seek to implant a culture of free work and bolster the development of small-scale enterprises in the efforts to encourage the participation of Saudi women in the national economy.
She also stressed the importance of planning and cooperation between the two parties in the field of entrepreneurship to serve the future generation.
On his part, Al-Sahhaf said the deal comes to highlight the leading role of KACST through Bader Program in supporting male and female entrepreneurs. Al-Sahhaf highlighted the important role Bader Program plays in providing the necessary facilities, which help entrepreneurs translate their ideas into successful investment projects, thereby diversifying income sources and creating more jobs for citizens.
The importance of the deal rests on its plans to provide training programs and specialized workshops for the launching of successful projects, the CEO added. He expressed Bader’s continued readiness to cooperate with diverse Saudi entities in a bid to assist creative generations of male and female entrepreneurs.


Saudi envoy to UK calls for more cooperation amid pandemic

Updated 15 min 5 sec ago

Saudi envoy to UK calls for more cooperation amid pandemic

  • Prince Khalid said the Saudi economy is performing better than some expected

LONDON: Saudi Ambassador to the UK Prince Khalid bin Bandar bin Sultan Al-Saud has called for greater cooperation between the two kingdoms amid the coronavirus crisis.

Writing in Britain’s Daily Telegraph newspaper, the envoy said Saudi Arabia and the UK “have lost too many people to the virus,” and referred to the similarities between the two nations in their moves to secure the long-term strength of their economies.

Prince Khalid said Britain and Saudi Arabia enjoy a close relationship, and he feels “very strongly that our two nations can help each other meet the challenges of these very difficult times.”

He added that many Britons work in Saudi companies and vice versa, and while the links between the two kingdoms have often revolved around business, the liberalized leisure opportunities brought about by the Vision 2030 reform plan will make for a rise in tourism and travel. 

Prince Khalid said the Saudi economy is performing better than some expected. Praising his country’s move to privatize Saudi Aramco, he said share prices in the company have reached pre-COVID-19 levels.

But as openness and thriving business and tourism relationships have grown between the Middle East and the West, the envoy expressed fears that some are threatening to use COVID-19 as an opportunity to erect barriers worldwide. 

This cannot “be the legacy of corona,” he said. “We can’t allow a division to emerge between East and West, we must all work together to build a prosperous open global trading legacy.

“Britain and Saudi Arabia, as countries that in different ways are both dependent on global trade, must work together to make sure that the world makes the right choice.”