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Startup Ecosystem in Saudi Arabia Begins to Thrive
Saudi Arabia’s startup ecosystem is beginning to thrive as new and increasingly larger investments into young Saudi companies continue to mount.
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Road to the G20: B20, T20 Meetings Conclude Ahead of Main G20 Event
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. Saudi Arabia just wrapped up the hosting of the B20 business-focused group, as well as the T20 meetings last week. The Business 20 […]
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New York-based Wahed Invest, an Online Halal Investment Platform, Secures Funding from Saudi Aramco
New York-based online Islamic investment platform Wahed Invest has secured backing from Saudi Aramco, the world’s biggest company, to expand into the Middle East and make Riyadh its hub for the region, according to Bloomberg.
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World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies
The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports.
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Crown Prince Mohammed bin Salman visits Harvard, MIT in Boston
Crown Prince Mohammed bin Salman visited Harvard University and MIT in Boston, Massachusetts over the weekend to tour two of America’s premiere higher education campuses and talk about the importance of research and entrepreneurship to Vision 2030. The visit to Boston is the second stop in a weeks long tour across the United States, his first […]
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Three New Ventures by MiSK to Boost Innovation, Training and Investment
Deputy Crown Prince Mohammed bin Salman’s MiSK Foundation launched three new strategic ventures in Riyadh aimed “at comprehensively building the skills, knowledge and capability for economic growth within the Saudi Arabian tech sector,” Reuters and the Saudi Gazette reports. MiSK Academy, MiSK Technovation and MiSK Booster mark a significant new development in the foundation’s work to empower, […]
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Two-Day MiSK Global Forum in Riyadh Showcases Ideas of Innovation And Global Culture to Empower Youth
The MiSK Foundation under the sponsorship of Deputy Crown Prince Mohammed bin Salman launched today a major two-day forum in Riyadh that focuses on entrepreneurship and innovation issues. Over 75 prominent speakers include Cisco Chairman John Chambers, Emirati Minister Of Youth Shamma Almazrui, CEO of KAEC Fahd Al-Rasheed, Vice President of the Women’s Affairs at the […]
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Saudi’s New Minister of Commerce and Investment Dr. Majed Al-Qasabi to Meet with Business Leaders at U.S. Chamber of Commerce Today
Saudi Arabia’s New Minister of Commerce and Investment, Dr. Majed bin Abdullah Al-Qasabi, will meet with business and private sector leaders today at the U.S. Chamber of Commerce in Washington, D.C. The private roundtable discussion is part of the U.S.-Saudi CEO Summit initiative which is a partnership between the U.S. Chamber of Commerce and the […]
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Uber Scores the Largest Single Investment Ever Made in a Private Company from Saudi Arabia’s Public Investment Fund; Snags $3.5b
In what is being called the largest single cash investment ever made into a private company, Saudi Arabia’s Public Investment Fund (PIF) has invested $3.5 billion for 5% of the on-demand car service Uber. The investment is the first of likely many more investments into technology as Saudi Arabia looks to act on its ‘Vision 2030’ […]
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Full Text: Saudi Arabia’s ‘Vision 2030’ National Transformation Program
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is chair of the Council of Economic Development Authority (CEDA) and Minister of Defense presented the much-anticipated ‘Vision 2030’ framework of new policies to be pursued by the Saudi government. Here’s the full text of his presentation, as well as the Vision 2030 roadmap itself. The […]
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Washington Starts To Wake Up To The Middle East’s Wave Of Entrepreneurship
“Less deferential than previous generations, they are unwilling to wait for the government to solve their problems. They are actively engaged in trying build the kind of future they want,” said the report.
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Not Just Tech: Entrepreneurship in the Middle East
For greater impact from a U.S. policy perspective, the primary focus of entrepreneurship policies should be in promoting traditional small and medium-sized enterprises (SMEs), not necessarily high-tech ones.
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Entrepreneurship, innovation become economic growth drivers in Saudi Arabia
Most start-up founders in the region ponder the question of how to scale their ventures into Saudi Arabia despite daily newspaper headlines potentially leading them to different conclusions since June 2014.
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Lockheed Martin, Babson Global and KAEC Support New College for Entrepreneurship in Saudi Arabia
Three leading entities have joined to create an elite educational institution located at King Abdullah Economic City (KAEC) in Saudi Arabia and modeled after Babson College’s top-ranked entrepreneurship education programs in the United States.
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Boeing signs on to UAE entrepreneurship initiative
The US aerospace and defence company Boeing has partnered with Dubai Chamber of Commerce and Industry (DCCI) and non-profit Injaz UAE to offer seed funding and training to entrepreneurs, as part of efforts to boost Emirati employment in the private sector.
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Entrepreneurship is flourishing in the Middle East, says study
The survey of nearly 500 regional executives found that the Middle East is seen as a growing market for entrepreneurship, with more than two thirds (71.4 percent) of respondents describing the sector growth as ‘steady’, ‘fast’ or ‘very fast’.
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Saudi student in US thinks big about social entrepreneurship
Aware that he would be the first Arab man to hold such a degree (two women from Saudi Arabia have the same degree), Firas added: “This gave me a huge incentive to be very active in terms of raising people’s awareness about the filed and work on building its ecosystem throughout the Arab World.”
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Opinion: Why social entrepreneurship is critical for MENA
The concept of social entrepreneurship has its own challenges in this part of the world. Developmental work is traditionally associated with the nonprofit mentality and in many cases is accused of sinister agendas and corruption. As such, it’s difficult for community stakeholders to accept the concept of profit-making companies that address social challenges.
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‘Saudi women can succeed’: The creative response to entrepreneurship
Apart from these well-known Saudi women there are also many others who are successful wedding planners, fashion designers, jewelry designers, chefs, photographers and consultants. All of these women reflect the entrepreneurial spirit; they are prolific and self-driven and they have taken on a role in life and have proven one thing: “Saudi women can succeed”.
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What can a Dubai fashion startup teach you about social entrepreneurship?
Determined to make a difference, the two women cofounded JUST, a social enterprise that aims to enable a transparent and “values-driven, not value-driven” fashion supply chain by connecting designers and manufacturers to ethical, sustainable suppliers. JUST leverages technology to promote transparency within the fashion supply chain by authenticating suppliers based on their ethical and sustainability standards and presenting them on an easy to use online platform for designers and manufacturers.
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