5th MITEF Saudi Startup Competition kicks off

A participant at the 4th MITEF Saudi Startup Competition is interviewed by the judging panel headed by Hassan Jameel, president, Community Jameel, KSA.
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Updated 17 September 2020

5th MITEF Saudi Startup Competition kicks off

The MIT Enterprise Forum Saudi Arabia, part of MIT Enterprise Forum global network, announced the launch of registration for the MITEF Saudi Startup Competition under the slogan “Innovate, Inspire, Connect.” A fully digital version that simulates a real event, this year’s competition is held in challenging atmospheres in light of the global health crisis, and the competition’s commitment to continue supporting entrepreneurs in Saudi Arabia to overcome the current challenges, and promoting innovation processes in the Kingdom.

Registration for the 5th edition opened on Sept. 15 through the competition website, and will continue until Dec. 10. Saudi and non-Saudi entrepreneurs of all ages and economic sectors can apply to participate within one of the three contest tracks: Ideas track, startups track, and the social enterprises track, according to the terms of the competition.

Hassan Jameel, president Saudi Arabia, Community Jameel, said: “The MITEF Saudi Startup Competition continues to be a hugely significant annual event, attracting thousands of entrepreneurs from across the Kingdom. Given the current global challenges, our mission to support young Saudi talent and to help small businesses develop, is now more important than ever. I would strongly encourage entrepreneurs from all sectors to register for what promises to be another outstanding event.”

Since its launch in 2015, the MITEF Saudi Startup Competition has succeeded in attracting more than 7,500 participants from all over the Kingdom, establishing more than 45 startup projects, training more than 260 entrepreneurs and creating more than 110 job opportunities through the startups. The winners received a total of SR1.6 million ($426,500) in the form of free investments. In the Startup Investment Forum, which was held during the 4th edition of the MITEF Saudi Startup Competition over a period of three days, the event hosted 65 innovative startups from around the world, including the UAE, Egypt, Lebanon, Turkey, Greece, and Poland, in addition to 27 innovative startups participating in the MITEF Saudi Startup Competition 2019-2020.

The MITEF Saudi Startup Competition is organized by the MIT Enterprise Forum (MITEF) Saudi Arabia, a branch of MIT Enterprise Forum global network, in collaboration with Bab Rizq Jameel, an initiative of Community Jameel. The competition aims to promote and enrich the entrepreneurial environment in Saudi Arabia by supporting and celebrating all startups and entrepreneurs in the Kingdom.


Atkins unveils framework to reshape transport sector

Updated 17 September 2020

Atkins unveils framework to reshape transport sector

Atkins, a member of the SNC-Lavalin Group, has launched a white paper titled “Reimagining Transport and Mobility for a Sustainable Economic Recovery.” The white paper, which is developed by Atkins’ advisory business arm, Atkins Acuity, outlines the COVID-19 impact on the transport industry and provides a strategic framework to transition from short-term recovery to a medium-to-long-term transformation to achieve resilience and sustainability.

With lockdowns and restrictions on economic and social activity lifting, the challenge is how to maintain reopening safely, restore business and consumer confidence and provide the right economic and fiscal stimulus that will support the early stages of a viable recovery toward the end of the year and into 2021. However, the transport industry in the GCC has the opportunity to reshape its infrastructure, services and operations through the adoption of diagnostic tools, data analytics, planning principles and digital engineering to achieve improved outcomes and a better future.

Johan Hesselsøe, managing director, UAE, at SNC-Lavalin’s Atkins, said: “In the UAE, we have seen an increased focus beyond COVID-19 on creating sustainable infrastructure and transport systems that enhance the well-being of residents and minimize environmental impacts. We are working closely with our clients to navigate current challenges and achieve their long-term goals by providing our engineering, design and project management expertise combined with digital capabilities.”

Ian Redmayne, managing director, Saudi Arabia at SNC-Lavalin’s Atkins, added: “Despite the challenges caused by COVID-19, the crisis has reinforced the need for economic diversification in the Kingdom to foster socio-economic development in line with Saudi Vision 2030. With a proven track record in Saudi Arabia, we are proud to support this vision by sharing our market knowledge and expertise and working together with the public and private sectors to shape sustainable communities of the future.”

Through collaboration of SNC-Lavalin’s transport planning and strategic advisory experts across the world, the white paper presents a three-phase model: Reopen, Recover and Reimagine. This frames how the transport sector should respond to the unprecedented socio-economic shock inflicted by COVID-19, as well as the impact of low oil prices on GCC exports and finances. Looking beyond the immediate crisis, SNC-Lavalin’s reimagined approach to the future of transport brings together a broader agenda combining three pillars of land use, physical mobility and digital connectivity and comprises eight cross-cutting building blocks.