TOUS opens 22nd jewelry store in Kingdom

Updated 25 September 2018
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TOUS opens 22nd jewelry store in Kingdom

TOUS International CEO Jose Maria Folache has opened the Kingdom’s 22nd TOUS store in Riyadh Park Mall, one of the largest shopping malls in the capital.

The new opening is in line with the TOUS strategy to consolidate and strengthen its leadership position in the affordable luxury jewelry market. 

The flagship store boasts a premium location of 133 square meters perfectly placed in the mall, which reflects the TOUS premium image status and suits the taste of lovers of unconventional jewelry collections.

There are displays of a wide variety of iconic affordable jewelry and accessories that cater to all needs and perfectly fit women from different age groups. 

The store boasts a unique modern design and showcases a wide range of TOUS collections for 2018 and 2019 that were launched at the opening. 

The ceremony was attended by Folache, Korayem Al-Enazi, chairman of the National Precious Metals Commission, and Selim Chidiac, CEO of L’Azurde Group, the new franchisee for TOUS in the Kingdom.

Female dignitaries, businessmen, the media, celebrities and TOUS jewelry lovers also attended. 

“We are always happy to see an international brand like TOUS increasing its investments in the Kingdom,” said Al-Enazi. 

“This reflects confidence in the Saudi market, and is fully in line with its Vision 2030 (reform plan). TOUS is an international brand with top-quality products. We look forward to their increased presence in the Kingdom, and further expansion and investment.”

Folache said: “We are excited to open the first TOUS store with our new partner, bringing the total number of stores across the Kingdom to 22, and at one of the most prestigious malls.” 

He added: “TOUS is keen to increase its investment in the Saudi market in line with Vision 2030, which reflects the promising future of the Saudi economy.”

He said: “We are confident about the potential of the Saudi market, and look forward to contributing to creating more job opportunities for Saudi youth and promoting investment in the Kingdom.”

Folache added: “We aim to fortify our presence in the Kingdom and expand our business, especially after TOUS’ consistent sales growth over the past years.”

He said: “TOUS carved a pioneering leadership position for the brand in the Saudi market, and we are confident that our partnership with the TOUS franchisee in the Kingdom will boost TOUS sales in the Saudi market as a global luxury brand.”

He added: “Our mission is to continue impressing our customers with our creative and innovative designs, while focusing at the same time on maintaining our original and genuine quality.”

Chidiac said: “The TOUS iconic jewelry collection is unique and modern, and complements our existing product portfolio perfectly.”

He added: “With TOUS, we will be able to reach new customer segments and offer affordable luxury products to consumers.”

Chidiac said: “We are confident that through our solid partnership with TOUS, we will enhance its position in the Saudi market.”

He added: “TOUS is an important addition to our business, and it comes in line with our strategic plan to expand into the affordable luxury jewelry segment.”


Social Development Bank launches entrepreneurship forum ‘DeveGo 2025’ in Riyadh

Updated 22 December 2025
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Social Development Bank launches entrepreneurship forum ‘DeveGo 2025’ in Riyadh

The Social Development Bank has launched the second edition of the Entrepreneurship and Modern Business Practices Forum, known as DeveGo 2025, at the King Abdulaziz International Conference Center in Riyadh. The event runs from Dec. 21 to 23, under the patronage of Minister of Human Resources and Social Development and Chairman of SDB’s Board of Directors Ahmed bin Sulaiman Alrajhi. This landmark forum positions itself as the region’s leading platform for entrepreneurship, innovation, and setting the latest trends in modern work practices, bringing together local and international entrepreneurs, investors, and thought leaders. This year’s edition is being held under the theme “Don’t start from zero… start from DeveGo.”

DeveGo 2025 serves as a comprehensive national platform showcasing the latest trends in entrepreneurship through a range of diverse panel discussions, workshops, and other initiatives. The forum brings together an elite group of local and international entrepreneurs, investors, experts, government leaders, as well as prominent global figures in innovation and entrepreneurship, including Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development, futurist Ian Khan, and Jonathan Greechan, CEO of the Founder Institute, among other experts, thought leaders, and entrepreneurs. Their participation reinforces the forum’s international focus and enriches its agenda by enabling the sharing of the latest knowledge and experiences from diverse global markets.

DeveGo 2025 will witness the launch of a package of supportive programs and initiatives, including new financial products specifically designed to meet the needs of entrepreneurs and startups, in addition to the signing of strategic agreements and partnerships aimed at stimulating entrepreneurial ventures, creating opportunities, and empowering the most promising projects — all while opening new pathways for growth. The forum will also host the “NEXT UP Challenge,” which will enable 20 startups to showcase their innovative projects and solutions before a panel of experts and specialists, while offering entrepreneurs a unique opportunity to connect with more than 50 local investors during the third day of the forum.

In addition, the forum will host the “DeveGo Handicrafts Competition,” which celebrates high-quality small enterprises that have evolved into impactful success stories with clear economic and social impact. 

The “Salam Award for Promising Projects” will be given in collaboration with Saudi Telecom Integrated Company, or Salam, to encourage entrepreneurs and startup owners to present their projects in a smart and simplified manner, on social media platforms. 

Furthermore, DeveGo 2025 offers participants and visitors a comprehensive, interactive, and knowledge-driven experience designed to enhance awareness of the entrepreneurship ecosystem, as well as financial and non-financial programs. This will include training and consultancy services to support growth across three main tracks: the “Inspiration Zone,” focusing on modern technologies and the creative economy; the “Growth Zone,” dedicated to modern business models, flexible work, franchising, and business development; and the “Entrepreneurship Zone,” which highlights future economic trends, venture capital, and sustainability.

The forum is expected to attract more than 25,000 visitors over three days, who will benefit from specialized workshops and advisory sessions delivered by more than 50 consultants and experts, providing an integrated experience in business development, guidance, and innovation.