Saudi entrepreneurs win trip to Berlin to pitch their ideas

Speakers and members of the jury at the Saudi-German start-up competition in Riyadh. (AN photo)
Updated 25 March 2018
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Saudi entrepreneurs win trip to Berlin to pitch their ideas

RIYADH: Entrepreneurs from two Saudi start-ups will travel to Germany in April to pitch their ideas to potential investors after they won a competition in Riyadh on Saturday.

Ten finalists competed to win the trip to Berlin. They had two minutes to present their business ideas to the German-Saudi business community and a jury of experts, followed by two minutes of follow-up questions.

The winners were Labayh, from Madinah, a project that helps people suffering from family and psychological problems with a mobile app that connects consultants and users; and Lucidya, from Jeddah, a company that aims to help businesses to make smarter decisions by using artificial intelligence and big data.

The start-up competition was organized by the German-Saudi Arabian Liaison Office for Economic Affairs and attended by Princess Joharah bint Talal bin Abdul Aziz Al-Saud as guest of honor. 

“We will bring the two winning start-ups to Berlin to showcase promising Saudi start-ups at a very interesting conference, the MENA Business Forum,” Oliver Oehms, delegate of German Industry and Commerce for Saudi Arabia, Bahrain and Yemen, told Arab News.

“Small and medium-sized companies and innovative business ideas are the key drivers of the German economy and a growing sector in Saudi Arabia.”

Dieter Haller, the German ambassador to Saudi Arabia, said: “The Saudi start-up sector is as vital and dynamic as any in Saudi society. We thought we should bring the Saudi and the German start-up scenes together, and one of the most fertile places for start-ups in Berlin.

“I am so happy that the two winning start-ups will be invited to this important conference in Berlin.”

The MENA Business Forum in Berlin is being organized by the Association of German Chambers of Commerce and Industry and the German Chambers of Commerce from the Middle East and North Africa.


King Salman receives outgoing Brazilian Ambassador to Saudi Arabia

King Salman receives outgoing Brazilian Ambassador to Saudi Arabia Flavio Marega in Riyadh on Wednesday. SPA
Updated 24 January 2019
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King Salman receives outgoing Brazilian Ambassador to Saudi Arabia

  • The reception at the Yamamah Palace in Riyadh was attended by Minister of State for Foreign Affairs Adel Al-Jubeir

King Salman received on Wednesday outgoing Brazilian Ambassador to Saudi Arabia Flavio Marega. 

The ambassador paid farewell to the king on the occasion of the end of his term as an ambassador of his country to the Kingdom.

The reception at the Yamamah Palace in Riyadh was attended by Minister of State for Foreign Affairs Adel Al-Jubeir.

Later, King Salman received senior officials of the Ministry of Commerce and Investment, presidents of chambers of commerce, and a number of businessmen.

During the reception, the king stressed the important role of the private sector in achieving development goals in the Kingdom and raising the level of provided services.

The audience was attended by Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qassabi and Governor of Saudi Standards, Metrology and Quality Organization Saad bin Othman Al-Qasabi.