Saudi Arabia’s investment agency signs MoU to support entrepreneurial environment

SAGIA Deputy Governor Ibrahim Al-Suwaiyel and Mohamed Yahya Hakami, CEO of the MIT Forum for Entrepreneurship in Saudi Arabia, during the signing the agreement. (SPA)
Short Url
Updated 13 February 2020

Saudi Arabia’s investment agency signs MoU to support entrepreneurial environment

JEDDAH: The MIT Enterprise Forum (MITEF) Saudi Arabia has announced the signing of a new memorandum of understanding (MoU) with the Saudi Arabian General Authority Investment (SAGIA) under the “Invest Saudi” initiative.

MITEF signed the MoU in collaboration with Bab Rizq Jameel, an initiative of Community Jameel.

Under the agreement, SAGIA will join King Abdullah Economic City as a strategic partner of the 4th edition of the MITEF Saudi Startup Competition, held under the theme “Start, Dream, Inspire.”

The official partner of the competition is the Small and Medium Enterprises General Authority (Monshaat).

The MITEF Saudi Startup Competition is a dynamic platform that brings together Saudi entrepreneurs and attracts a unique quality of entrepreneurs in a variety of fields.

This year’s competition will focus on investing in startups through the establishment of the Startup Investment Forum from March 5-7 that will be attended by some of the most promising startups from Saudi Arabia, the Arab region and the world.

The deputy governor of SAGIA, Ibrahim Saleh Al-Suwail, said that the authority welcomes its partnership with the competition, which follows series of programs supporting the growth of entrepreneurship in Saudi Arabia.

“We will continue to work with our public and private strategic partners to turn their ideas into promising projects on the ground,” said Al-Suwail.


Pregnant women in Saudi Arabia warned to take special care during pandemic

Updated 7 min 51 sec ago

Pregnant women in Saudi Arabia warned to take special care during pandemic

  • The ministry’s recommendations come as many have expressed concerns about the impact of the infection on their health

JEDDAH: Pregnant women have been told to take special care in following precautionary measures related to the COVID-19 pandemic, the Saudi Ministry of Health has cautioned, as they are thought to be particularly at risk from complications.

The ministry’s recommendations come as many have expressed concerns about the impact of the infection on their health. The ministry has reiterated the importance of practicing hand hygiene, maintaining social distancing to limit the spread of the virus and wearing a mask in public at all times, especially in areas where it's hard to observe social distancing.

The ministry announced a total of 3,036 new cases of in the Kingdom on Wednesday, bringing to 220,144 the number of people in Saudi Arabia have now contracted the disease.

There were 60,035 active cases, 2,263 of them critical.

37 percent of the newly announced cases are female, 63 percent are male. Of those infected, 86 percent were adults of working age, 5 percent were over 65 and 9 percent were children.

3,211 new recovered cases have been announced, taking the total number of recoveries to 158,050, while 42 new deaths were reported, raising the death toll to 2,059.

The ministry urges everyone to use the self-assessment service in the “Mawid” application or to visit Tataman clinics that have been set up by the ministry for those who feel they are displaying COVID-19 symptoms; there are 237 such clinics.

It also recommends calling 937, its central operator, for consultations and inquiries around the clock.