Ministry makes 14-day gap between two Umrahs mandatory

Each group will be accompanied by supervisors who will ensure pilgrims respect social distancing, and follow instructions and a pre-adopted timeline. (SPA)
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Updated 30 September 2020

Ministry makes 14-day gap between two Umrahs mandatory

  • The Kingdom is adopting extra vigilance during the Hajj and Umrah seasons to protect Muslims around the world
  • Umrah app to be available on Android soon

MAKKAH: Pilgrims must wait 14 days before booking another date for Umrah, while the Eatmarna app will be launched on Android soon, the Saudi Ministry of Hajj and Umrah said.

“Pilgrims can perform Umrah twice, but must wait 14 days before performing Umrah the second time, to give a chance to everyone to perform Umrah in line with the necessary precautionary measures brought about by the coronavirus,” Dr. Amr Al-Maddah, the ministry’s chief planning and strategy officer, told Arab News.
The ministry is studying  the available spots that can  be used by the pilgrims to perform Umrah while maintaining social distancing, ensuring health protocols.
Al-Maddah said that so far 35,000 requests have been registered to perform Umrah.
Pilgrims will start performing Umrah on Oct. 4 within the first stage of the Umrah plan this year, in line with health protocols and procedures.
In the first phase, pilgrims will perform Umrah at six different times a day, giving each pilgrim three hours.


He added that between the sunset and evening prayers, pilgrims will not be allowed to perform Umrah and, instead, this period will be allocated to cleaning and disinfecting. “Pilgrims will start performing Umrah at midnight, with the place disinfected before the arrival of each group.”
Each group will be accompanied by supervisors who will ensure pilgrims respect social distancing, and follow instructions and a pre-adopted timeline. Isolation rooms will be provided at the central area’s hotels to handle any potential cases.
The second stage, scheduled to start two weeks later, will be preceded by a comprehensive assessment of the first stage to address any shortcomings.
“The Kingdom is adopting extra vigilance during the Hajj and Umrah seasons to protect Muslims around the world, and allow them to perform their pilgrimage in ease and peace in line with precautionary measures,” said Al-Maddah.
“The three-stage plan will provide feedback on pilgrims’ commitment to protocols and adjustment to current circumstances.”
He said that the app was supposed to be launched earlier, but was delayed due to Android policies.
The app was presented to both Apple and Android at the same time, but Apple completed the procedures earlier, he added.
Meanwhile, the Minister of Islamic Affairs, Call and Guidance, Sheikh Dr. Abdullatif bin Abdul Aziz Al Al-Sheikh, announced the ministry’s readiness to receive Umrah performers in all Miqats in accordance with approved health protocols.
He commended leadership efforts to confront the pandemic, in addition to the government sector role in ensuring the safety of citizens, residents and Umrah performers.


Saudi investors share expertise on Saudi corporate VC opportunities

Updated 27 November 2020

Saudi investors share expertise on Saudi corporate VC opportunities

JEDDAH: The two-day Step Saudi 2020 event featured two prominent Saudi figures in the field of investment on the second day.
Hashim Al-Awadi, CEO of Tech Invest, and Salman Jaffery, chief investment officer at Saudi Aramco Entrepreneurship Ventures, both shared their expertise, with the latter saying it is more beneficial for corporations to start a venture capital (VC) arm than invest from their current mergers and acquisitions arm (M&A).
Managing partner at Class 5 Global, Zach Finkelstein, who moderated the session on the second day of the event, said the San Francisco-based venture fund invested in a number of companies in the Middle East.
“The Middle East is particularly interesting to us, and in the past, our partners have invested in such regional companies as Careem. We’re excited to explore the development of the corporate VC space and how it can impact places like Saudi Arabia,” he added.
When asked why a corporation should start a VC arm instead of investing from an M&A team, and why have a separate corporate Venture Capital arm in the first place, Jaffery answered that “it brings faster results.”
“I think the easiest answer to that is just speed and agility,” he said. “Getting that response quickly to the market. VC deals can take weeks or months whereas an M&A transaction can take up to a year or longer, and also similarly, if you’re trying to then come out of it, it’s harder to come out of a joint venture agreement or an M&A as opposed to a VC.”
Al-Awadi explained his opinion a traditional VC perspective, and said: “We like the fact that corporations can invest from both their M&A arms and their VC arms if they have them.”
He highlighted that VC arms can invest in a greater variety of companies. “You have the intelligence, you know the market and if you’re looking at specific technology where we don’t have a lot of expertise we trust that you (other venture capitalists) know the market and you can evaluate that technology better to see if it has the capability and potential for growth or not.
“Eventually, you do have an M&A arm that will provide an exit for us, for an incentive for this company to work hard to grasp the intention after having been invested in by the VC arm of this big corporate to maybe look into making a partial agreement or complete acquisition, which really adds an incentive for the company to grow and attracts other investors and also attracts talent to join the company and help it grow even more.”
He said both the VC and M&A arm are important for company growth. “We tend to look at corporate investors through both arms as complementary to what we do when we have both of them around.”
The Kingdom has obtained a high reputation among investors internationally through the years, especially after the economic and social reforms of Saudi Vision 2030.
Step Saudi is home to the Kingdom’s best entrepreneurs, investors, creatives and digital enthusiasts. The last edition of Step Saudi featured four content tracks, more than 100 startups and over 1,500 attendees.