Saudi entrepreneurs aim to boost quality of life

Saudi entrepreneurs aim to boost quality of life
The event gave the startups a chance to introduce themselves and the services they offer to potential customers before they launch. (Photo/Supplied)
Updated 12 January 2019

Saudi entrepreneurs aim to boost quality of life

Saudi entrepreneurs aim to boost quality of life
  • 17 Saudi startups showcased in Makkah event

MAKKAH: Seventeen startup businesses, the development of which was supported by Saudi investment company Wadi Makkah’s Nomo incubator, were introduced to the public this week during a showcase titled Rabi’ Al-Wadi (The Valley’s Spring).
Each startup organized various activities during the event, which took place on Jan. 9 and 10, reflecting the services they offer, many of which are aimed at families and improving social responsibility. These included workshops, competitions, consultations, lectures and bazaars.
One of the workshops, titled “Be Your Own Beauty Consultant,” offered women between the ages of 18 and 50 advice on choosing the right outfit to achieve the perfect look and introduced them to techniques for successful shopping and closet arrangement. “The Little Robot” workshop, meanwhile, introduced children between the ages of 5 and 14 to robotics. They were shown how to assemble a robot and then given the chance to compete in a robot building contest.
Other activities included support and advice sessions for mothers about raising children, and an introduction to the mechanisms and benefits of the “Economy of Communion,” an international initiative that aims to tackle social problems by creating businesses designed to become integral parts of their communities.
Dr. Talal Al-Maghribi, the acting CEO of Wadi Makkah, said that the event is designed to help startups incubated by Nomo begin to make a lasting contribution to society and, through the workshops and activities presented by qualified professionals, educate people about ways in which they can improve their lifestyles.
“Seventeen of the startups of Wadi Makkah’s incubator have not yet entered the market and will stay in the incubator for 10 more days,” said Al-Maghribi. “The work of some of these startups is focused on community leadership, while others provide Hajj and Umrah services, in addition to consulting firms for workshops, and auto parts.”
He added that the event gave the startups a chance to introduce themselves and the services they offer to potential customers before they launch.
Wadi Makkah begins an incubator program every six months to develop new businesses, Al-Maghribi said, not all of which make it to the market. Of those that do, some have enjoyed remarkable growth, he added.
The successfully launched businesses include one that provides social media analysis services to ministries, and another that analyzes congestion at Saudi airports. Some have also attracted investment from international companies.


Saudi Arabia ranked safest among G20 nations, according to international indicators

Updated 02 December 2020

Saudi Arabia ranked safest among G20 nations, according to international indicators

Saudi Arabia ranked safest among G20 nations, according to international indicators
  • Results ranked Kingdom ahead of five permanent UNSC members — US, Russia, China, UK and France

RIYADH: Saudi Arabia’s progress has led to the Kingdom ranking first among G20 nations for safety, outperforming the five permanent members of the UN Security Council (UNSC), international safety indicators showed on Wednesday.

The results were revealed through five security indicators included in the Global Competitiveness Report 2019, and the Sustainable Development Goals Index 2020 (SDG Index 2020).

The SDG index ranked the Kingdom first among G20 nations, and ahead of the five permanent UNSC members — US, Russia, China, UK and France — in the percentage of population who feel safe walking alone at night. Saudi Arabia also performed better than Canada within the G20 countries.

Saudi Arabia also ranked first in the reliability of police services index; an indicator which measures public confidence in law enforcement and its success in achieving order and safety. The Kingdom topped the G20, and surpassed the five permanent UNSC members in this index as well.

The Kingdom also outperformed the five UNSC countries in an index measuring the effectiveness of combating organized crime, as stated by the Global Competitiveness Report 2019. Saudi Arabia came in second in the same index among G20 nations.

The Global Competitiveness Report issued by the World Economic Forum also showed that the Kingdom advanced three positions, now ranking 36 globally in international competitiveness.

The report pointed out the Kingdom’s energetic steps forward to diversify its economy, with expectations of growth in the non-oil sector. The report also discussed the emergence of more investments outside the mining industry within the public and private sectors in the next few years.

The report commended the Kingdom's strong determination to undertake structural reforms, its widespread adoption of communication technology, and its high potential for innovation, especially in terms of patent registration.