Young Saudi entrepreneurs to receive support

Updated 01 August 2012

Young Saudi entrepreneurs to receive support

The Institute of Entrepreneurship in Jeddah organized free training courses during the summer vacation for young Saudi Entrepreneurs with the aim to spread the culture of entrepreneurship and preparation of project plans to support the national entrepreneurship program.
Mohammed Al-Khalid, branch manager of the Institute of Entrepreneurship in Jeddah, said their main task is to continually promote the culture of self-employment through centers and youth clubs.
“The Institute’s program is for the implementation cycle of self-employment ‘select the idea of your business’ through briefings at the summer centers in Jeddah,” he said
He further pointed out that the program is designed to raise awareness of the importance of entrepreneurship and will be launched in secondary schools after the vacation. He also explained that the number of beneficiaries of the program have exceeded more than two thousand students and trainees.
“The main quest of the institute is to find ways to help young Saudis attain self-employment and help them in gaining self-confidence. In addition, we also help with procedures when they apply to the National Institute for Entrepreneurship. We want the youth to take an initiative in their self-employment instead of waiting for jobs, while finding halal (permissible by Islam) sources of income, through the funding of small and medium projects thereby helping to reduce unemployment,” he added.
The Institute of Entrepreneurship in Jeddah currently oversees 124 young Saudis who are supported by Saudi Banks.
The General Organization for Technical and Vocational Training, with the collaboration of SABIC, Saudi Aramco, Saudi Telecom (STC), Alinma Bank, and Saudi Bank for credit and savings, are the strategic partners of the Institute of Entrepreneurship, Jeddah.
They are partners with the institute in enabling and encouraging young Saudis to enter the labor market and enhance the practice of the self-employment project through their support of up to SR 300,000.
The institute also helps them to facilitate their procedures with relevant authorities and will give support for a full year after opening their projects.
Al-Khalid said that the small enterprises will be registered with the Human Resources Fund and will get SR 3000 monthly for their projects as support for two years.

 


Saudi Arabian delegation holds UNESCO reception in Paris

Updated 1 min 24 sec ago

Saudi Arabian delegation holds UNESCO reception in Paris

  • Session attended by permanent delegates of UNESCO member states
  • Hosted by Dr. Hamad bin Mohammed Al-Asheikh

PARIS: The permanent Saudi delegation to the UN Educational, Scientific and Cultural Organization (UNESCO) held a reception to mark the 40th session of UNESCO’s General Conference in Paris, the Saudi Press Agency reported on Thursday.
The session was held in the presence of the Saudi education minister and deputy chairman of the National Committee for UNESCO, Dr. Hamad bin Mohammed Al-Asheikh.
The session was attended by the permanent delegates of UNESCO member states and senior officials from the organization.
“Today, we see the Kingdom’s Vision 2030 objectives coincide with UNESCO’s mission through the Kingdom’s keenness to support educational, cultural and scientific projects around the world because of its regional and international status, and its roles in strengthening relations between Arab and Islamic countries and the global agenda for sustainable development in the organization’s educational, cultural and scientific fields, Al-Asheikh said in his speech.
He affirmed the Kingdom’s continued cooperation with UNESCO member states in the fields of education, culture and science, and its continued support for the organization’s programs.
He said the Kingdom is one of the founding members of UNESCO, and the sixth country to sign the organization’s charter, on Nov. 4, 1946, upon the directives of the late King Abdul Aziz.