KAUST hosts 96 startups for Misk challenge

Designed exclusively for the Entrepreneurship World Cup finalists, the KAUST bootcamp was packed with intensive mentor-led pitch sessions, industry meetings, and an overview of local market opportunities.
Updated 13 November 2019

KAUST hosts 96 startups for Misk challenge

King Abdullah University of Science and Technology (KAUST) hosted 96 Entrepreneurship World Cup (EWC) finalists from 64 countries between Nov. 8 and Nov. 11 at its entrepreneurship bootcamp as part of its partnership with the Misk Global Forum (MGF).
KAUST hosted the global finalists on its campus near Jeddah to take part in a training program designed to further prepare them for the EWC global finals at the MGF in Riyadh from Nov. 12-14.
The EWC is the world’s largest startup competition, with over 100,000 applicants from 185 countries. Of the 100 global finalists, six are from Saudi Arabia: Sadeem, Faheem, Cura, Dhad, Red Sea Farms and UnitX. All were founded by graduates of KAUST’s entrepreneurship programs, including the TAQADAM and 9/10ths accelerators.
“As an international university, we strive to build bridges with the brightest minds from around the world, and we are very excited to partner with Misk for the Entrepreneurship World Cup and welcome startups to our campus from over 64 countries,” said Tony Chan, president of KAUST.
Saudi Arabia presents an extraordinary opportunity for startups interested in accessing the MENA market and tapping into KAUST’s unique ecosystem focused on finding solutions to the world’s most pressing challenges in food, water, energy and the environment.”
The KAUST-Misk partnership aims to advance Saudi Arabia’s ambitious economic transformation goals by attracting cutting-edge, impactful startups and top entrepreneurial talent to the Kingdom.

FASTFACT

The Entrepreneurship World Cup is the world’s largest startup competition, with over 100,000 applicants from 185 countries. It is conducted by the Misk Global Forum in partnership with the Global Entrepreneurship Network, alongside local and regional partners.

Shaima Hamidaddin, executive manager of MGF, said: “The EWC global finalists represent the cream of international startup talent. We’re looking forward to seeing the entrepreneurs reach even greater heights thanks to the bootcamp ahead of the finals at the Misk Global Forum. Our partnership with KAUST is part of our commitment to working with top international leaders in innovation, training, and development to achieve our global mission of empowering young people to thrive in the knowledge economy.”
Designed exclusively for the EWC finalists, the KAUST bootcamp was packed with intensive mentor-led pitch sessions, industry meetings, and an overview of local market opportunities. The university is also offering selected finalists priority spin-in access to its newly launched soft-landing program. Startups who join the program will also have access to KAUST’s world-class labs and office space, top advisory and mentorship, the Entrepreneur-in-Residence program, vibrant community life, and MENA market and industry networks.
The EWC global finals will see winners receiving life-changing prizes, support, and opportunities. The EWC is conducted by the Misk Global Forum in partnership with the Global Entrepreneurship Network (GEN), alongside local and regional partners.


LuLu opens iconic Scotland Yard Hotel in London

Updated 10 December 2019

LuLu opens iconic Scotland Yard Hotel in London

Twenty14 Holdings, the hospitality investment arm of UAE’s LuLu Group International, has completed investments of 1.43 billion dirhams ($389.4 million) in the UK, with the inauguration of the Great Scotland Yard in London. The hotel opened for business on Dec. 9.

The Great Scotland Yard was officially inaugurated by Nicky Morgan, secretary of state; Sir Edward Lister, Prime Minister Boris Johnson’s chief strategic adviser; Mansoor Abulhoul, UAE ambassador to Britain; Mark Hoplamazian, global president and CEO, Hyatt Hotels; in the presence of Yusuffali M. A., chairman of Lulu Group; and Adeeb Ahmed, managing director of Twenty14 Holdings in London.

The historic property was acquired in 2015 for 550 million dirhams ($150 million), and the makeover of the hotel involved a further 250 million dirhams. In addition to the Great Scotland Yard, Twenty14 Holdings had acquired the Waldorf Astoria Edinburgh — The Caledonian in Scotland in 2018 for 440 million dirhams. 

The Great Scotland Yard Hotel, which is being managed by Hyatt under their The Unbound Collection by Hyatt brand, is located in the St. James’s district of Westminster. 

Steeped in history, the Great Scotland Yard was once a dwelling for visiting kings of Scotland during the Tudor period, while today the building is most famous as the former headquarters of the London Metropolitan Police force. In 1910, the building served as the British Army Recruitment Office and Royal Military Police headquarters.

LuLu chairman Ali said: “London is one of the world’s greatest cities and the Great Scotland Yard Hotel represents its illustrious past as well as its modern significance. The hotel spotlights the city’s vibrant history, its several celebrated aspects and its status as a global melting pot. In essence, we have curated an unmatched experience for every guest while recreating the historic premises into a symbol of ultimate hospitality.”

An 1820s Grade II listed building with Edwardian and Victorian architecture, the high-end luxury boutique hotel with seven floors and spanning 93,000 square feet, has 153 rooms and 15 suites apart from a two-bedroom townhouse VIP-suite created from part of the original Scotland Yard Police premises. The hotel also features a library, gymnasium, meeting/conference rooms, a 120-seater conference space/ballroom and VIP function rooms. 

Adeeb Ahamed, managing director, Twenty14 Holdings, said “The Great Scotland Yard Hotel is a dream come true for us, the culmination of a path set long ago, transforming one of the world’s most historic addresses into an icon of modern hospitality. Twenty14 Holdings’ focus remained steady right through, keeping the building’s reputation in mind, every effort made in its rebirth had to be extraordinary, beyond expectations. And, this is what has been accomplished. The Great Scotland Yard Hotel invites you to experience its myriad stories.”

The hotel offers multiple F&B options — The Yard, The Forty Elephants, The Parlour and Sibín — serving international and British modern food under the supervision of acclaimed chef and restaurateur Robin Gill.