Start-up of the Week: Young Saudi impresarios put reputation before earnings

Bukhari said the Saudi General Entertainment Authority (GEA) was very cooperative.
Updated 01 May 2018
Follow

Start-up of the Week: Young Saudi impresarios put reputation before earnings

  • Bukhari said that the main goal is not to make money but to bring the name of their company to the frontline
  • Bukhari and his partner allocated SR200,000 ($53,333) for this three-day event in Jeddah's Al-Rawdah neighborhood

JEDDAH: Two young Saudi men have set up an event management business with a philosophy of gaining credibility before thinking of making money. For the next 10 years, they just want to make their company a brand name in the growing local event-organizing industry.

First result of the partnership between Feras Bukhari, a 21-year-old industrial engineering student, and his electrical engineering student co-partner, Abdul-Majeed Al-Mazroui, was a success but not on the revenue level, despite the 600-700 visitors who attended the first day of the event they recently organized.

Bukhari and his partner allocated SR200,000 ($53,333) for this three-day event in Al-Rawdah neighborhood, where they hired a venue of 1,200 square meters for about SR30,000.

“This is a big amount for an event like this, but the market is inflated. The wages designers, photographers and performers demands are sky-high. We can say that the wages are high and the quality is below expectations,” he said.

Bukhari added that an organizer could bring a professional performer from abroad for nearly a quarter of the money they pay here for a local performer. He said that airfares and lodgings might cost him much more. “If he were living in the UK, for instance, he would have hired 10 times better-quality performers dirt cheap.” 

Bukhari told Arab News that he tried to reduce the entrance fees as much as he could. Consequently, he found himself losing money. “But it is not a loss in the long run,” he said.

“The event is inspired by the American carnival theme with red and white. We developed it and added the musical part to it. Moreover, we were able to provide different music such as classical, traditional and electric guitar and Oud (lute).”

Bukhari added that they also provided visitors with an indoor Arabic song platform along with outdoor space for musical performance.

“In addition, we made seven carnival games available, with a thousand gifts to be given out to contestants. Our main idea was to look different from any other event in the city. We believe that a good event is not only where food trucks and rented booths exist,” he said.

Bukhari, who supervised the whole event so that every single activity was in compliance with organizing policy, pointed out that the General Entertainment Authority (GEA) was very cooperative with them.

“We had to apply for an organization license to run this event a month before holding it,” he said. “The GEA gave us the initial permission. After that we had to go through long processes, beginning with having permits from the local departments of civil defense, police and many others,” he said, adding that a GEA staffer was in contact with them to make sure that everything went in accordance with the official procedures.

Bukhari said that the main goal is not to make money but to bring the name of their company to the frontline to gain credibility.

“We want people to realize that whenever we announce certain events and activities, they see that in reality in front of them,” he said. 

“We insist on being honest with our visitors. For that reason, we are hoping we can make a big name in the field of organizing entertainment events.”


King Salman briefs Saudi cabinet

Updated 12 sec ago
Follow

King Salman briefs Saudi cabinet


The King Faisal Prize 2024 awarded to four scientists and Japanese Association

Updated 5 min 26 sec ago
Follow

The King Faisal Prize 2024 awarded to four scientists and Japanese Association

  • The service to Islam prize was awarded to the Japan Muslim Association
  • The event is the most prestigious in the Muslim world and recognizes outstanding achievements in services to Islam

Riyadh: The winners of this year’s King Faisal Prize received their awards at a glittering ceremony staged in Riyadh on Monday.

Held under the auspices of King Salman, Riyadh Gov. Prince Faisal bin Bandar attended the ceremony, handing over the King Faisal International Award to laureates in its 46th edition.

The event is the most prestigious in the Muslim world and recognizes outstanding achievements in services to Islam, Islamic studies, Arabic language and literature, medicine, and science.

Prince Turki Al-Faisal, founder and trustee of the King Faisal Foundation and chairman of the King Faisal Center for Research and Islamic Studies, said: “This award carries a prestigious name in a great country ... to honor science and scientists from various corners of the world who have contributed to presenting scientific research and inventions that have advanced humanity and served mankind.

“This honor always comes primarily for scientific achievement without considering any geographical, racial, religious, or sectarian considerations, hence the prize has gained appreciation from universities and scientific centers in various parts of the world,” Prince Turki added.

The service to Islam prize was awarded to the Japan Muslim Association for its care for the affairs of Muslims in Japan and interest in Muslim youth through education.

The selection committee also decided to grant the award to Dr. Mohammad Al-Sammak of Lebanon, for his early and continuous contributions in promoting Islamic-Christian dialogue, his hard work in strengthening relations and communication with others, and his active participation in dialogue conferences regarding the relationship between Islam and other beliefs, in addition to his presidency and active membership of many establishments, bodies and associations concerned with tolerance and peace.

The Islamic Studies prize was granted to Dr. Wael Hallaq, writer of “Islamic Systems and their Contemporary Applications,” a professor at Columbia University in the US, who succeeded in providing a scientific reference parallel to the traditional Orientalist writings influential in international universities, which appeared in his many works and have been translated into many languages, and his success in building a guide to the development of Islamic legislation throughout history.

Dr. Jerry Roy Mendell, a US national and a professor at Ohio State University, was granted the medicine prize for his work in screening, early diagnosis, and treatment of patients suffering from spinal muscular atrophy and Duchenne muscular dystrophy, osteochondrodystrophy, as the first researcher to demonstrate the safety and efficacy of high-dose adeno-associated virus gene transfer therapy for spinal muscular atrophy type 1 patients, a globally approved treatment.

Dr. Howard Yuan-Hao Chang, another US national, won the science prize for his pioneering contributions in explaining the role played by non-coding RNA in the regulation and function of genes. He developed innovative means to identify regulatory sites within DNA. These discoveries have had a great effect on the field of molecular biology and genetics, and a great role in understanding complex human diseases.

The selection committee for the King Faisal Prize for Arabic Language and Literature, whose subject this year was “The Efforts of Establishments Outside the Arab World to Spread the Arabic Language,” decided to withhold the award for 2024 “as the nominated works did not meet the award’s criteria,” according to a statement.

The King Faisal Prize was established in 1977 by the King Faisal Foundation. It was first granted in 1979 to recognize individuals and establishments and their outstanding achievements in its five categories.


Riyadh prepares to host special meeting of World Economic Forum

Updated 23 April 2024
Follow

Riyadh prepares to host special meeting of World Economic Forum

  • Special meeting scheduled to be held in Riyadh on April 28-29
  • Heads of state and senior private sector executives to attend 

RIYADH: Final preparations are taking place this week in the Saudi capital, Riyadh, for a special meeting of the World Economic Forum in the city on April 28 and 29.

Heads of state and senior executives from the public and private sectors are expected to be among the participants, who will discuss a range of global economic issues and developments under the theme “Global Collaboration, Growth and Energy for Development.”

The aim of the meeting is to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy. On the sidelines of the main event, the Kingdom will host exhibitions and other events to highlight the latest developments and trends in areas such as sustainability, innovation and culture.

The selection of Riyadh as host of the special meeting reflects the extensive partnership between Saudi Arabia and the WEF, officials said.

It builds upon the Kingdom’s active participation and contributions to the WEF’s Annual Meetings in Davos.

The agenda is designed to rekindle the spirit of cooperation and collaboration with various panel discussions, workshops, and networking opportunities. It represents a significant gathering of global leaders and experts dedicated to forging a path toward a more resilient, sustainable, and equitable world.


Saudi defense minister, British counterpart discuss military escalation in region  

Updated 23 April 2024
Follow

Saudi defense minister, British counterpart discuss military escalation in region  

RIYADH: Saudi Arabia’s Minister of Defense Prince Khalid bin Salman received a phone call on Monday from UK Secretary of State for Defense Grant Shapps.

The officials discussed military escalation in the region, its repercussions, and efforts towards containing it.

They also reviewed strategic bilateral relations and military cooperation.


Saudi air force joins several allies in UAE for start of multinational military exercise Desert Flag

Updated 23 April 2024
Follow

Saudi air force joins several allies in UAE for start of multinational military exercise Desert Flag

  • Other nations taking part in the 3-week exercise include Oman, Turkey, the US, France and South Korea

RIYADH: Personnel from the Royal Saudi Air Force joined their counterparts from several allied nations on Monday at the start of Desert Flag, a multinational military exercise taking place at Al-Dhafra Air Base in the UAE.

Over the next three weeks the forces will take part in various flight-related exercises, including defensive and offensive counter-air operations, close-air support, and combat search and rescue missions, the Saudi Press Agency reported. In addition to Saudi Arabia and the UAE, the participating nations include Oman, Turkey, the US, France and South Korea.

Lt. Col. Adel bin Saeed Abu Malha, the commander of the participating Saudi air force group, said the exercise is designed to facilitate the exchange of military expertise in strategic planning and execution within a simulated wartime environment. It also aims to enhance the operational readiness and combat efficiency of air and technical-support crews and to bolster the ties between the nations’ forces, he added.

Six Saudi F-15SA fighter jets, with their full air, technical and support crews, are taking part in the exercise, Abu Malha said.

The Saudi air force group arrived at Al-Dhafra Air Base last week to begin their preparations. They were greeted by Brig. Gen. Khalid Alhajiri, the military attache at the Saudi Embassy in the UAE.