‘Embrace risk,’ Saudi Arabia’s new entrepreneurs urged

Think global, stay local was the message at a conference at Dar Al-Hekmah University in Jeddah. (Shutterstock)
Updated 04 May 2018

‘Embrace risk,’ Saudi Arabia’s new entrepreneurs urged

  • Prof. William Kerr: Saudi Arabia appears to be at a wonderful turning point where bringing entrepreneurship and enabling its growth will make a more vibrant society and also improve the local economy
  • Kerr works with companies around the world on the development of new ventures and transformations to ensure profitable growth

JEDDAH: Saudi entrepreneurs were urged to “think global, stay local” during a conference address at Dar Al-Hekmah University.

Prof. William Kerr, who chairs Harvard University’s Launching New Ventures program, told an international research forum that risk-taking was an important quality for entrepreneurs. 

“Don’t try to pick a winner,” he said. “Reduce the cost for the global network and for entry in Saudi Arabia, and build greater rewards and better competition.”

Kerr works with companies around the world on the development of new ventures and transformations to ensure profitable growth. 

Later, he told Arab News: “Saudi Arabia appears to be at a wonderful turning point where bringing entrepreneurship and enabling its growth will make a more vibrant society and also improve the local economy.

“Entrepreneurship doesn’t operate by itself, so the question is what do you give to the entrepreneurs? If you give them access to the market and reduce the cost of entering a business or competing with big companies, then we can expect lots of economic growth.

“One should learn from examples and others’ experience. Female entrepreneurs, in particular, should look for female role models.

“It can be a lonely business for any entrepreneur, so look for mentors’ support and work hard.”

Shatha Abu Al-Faraj, of Dar Al-Hekma University, addressed a class at the conference on “digital design process and digital fabrication techniques for teaching product design.”

“Digital fabrication is a new field in Saudi Arabia now that we live in a fast-paced era. Everyone should be able keep up with the technology,” she told Arab News.

“I am not only teaching big things, I want to teach a stay-at-home woman how to design things as simple as jewelry. By graphic designing, you can design your own jewelry and wear exactly what you desire. Of course, interior design and furniture design will also be easy.” 

Visiting scholars were taken on a tour of Dukkan Dar Al-Hekma, a shop stocked with high-quality products made by university students.


Muslim World League chief lays foundation stone for Islamic museum in Jakarta

Updated 29 February 2020

Muslim World League chief lays foundation stone for Islamic museum in Jakarta

JAKARTA: A museum dedicated to Prophet Muhammad and the history of Islamic civilization will soon rise in the Indonesian capital.

Sheikh Dr. Mohammed bin Abdulkarim Al-Issa, secretary-general of the Muslim World League (MWL), laid the foundation stone for the Jakarta branch of the Museum of the Life of the Prophet and Islamic Civilization on Feb. 28, 2020, the Saudi Press Agency (SPA) reported.

An MWL post on Twitter said the museum will feature lush gardens in one of the most visited area in the city.

Al-Issa was quoted by SPA as saying that Jakarta would become the first branch of the Madinah international museum, hosting a variety of events, debates, training sessions, conferences, forums and seminars.

Following the groundbreaking ceremony, Al-Issa and his delegation met with the Saudi Ambassador to Indonesia, Essam bin Abed Al-Thaqafi.

The meeting was also attended by the Kingdom’s deputy envoy to the southeast Asian country, and Saudi embassy staff.