Startup of the Week: The Inspiring Vision, a web development company

Turki Al-Jadani
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Updated 01 June 2021
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Startup of the Week: The Inspiring Vision, a web development company

JEDDAH: Turki Al-Jadani is the entrepreneur behind startup The Inspiring Vision (TIV), a technical service provider that develops software including phone applications and websites.

The 24-year-old founder went through his fair share of struggles before building TIV. He dropped out of King Abdul Aziz University, where he was studying medicine, to pursue his passion in computer science. Following that, his first startup idea failed.

“After that, I worked with a partner and was able to kick-start another business. However, I ended up disagreeing with my partners on something and had to leave that as well,” he told Arab News.

After disentangling himself from previous startup efforts, Al-Jadani created TIV, and within six months, the company had gained the trust of its first six clients.

“I have seen people suffer losses after working hard because the communication between the provider and client wasn’t good to begin with. That’s why I decided to come up with a solution to acquire the trust of the client,” he said.

The company offers free consultations to potential clients. This allows clients to communicate their needs precisely to TIV and, after discussions with developers, if they decide the proposal can be delivered, the two sides can agree on terms and begin work on a project.

“We don’t want to make the client go through the loss of money and time. Another principle I have built my business around is that, if we are not able to deliver the product within the time frame that we specify in the contract, all the money is refunded to the clients,” Al-Jadani said.

The young businessman said that these qualities are essential if you want to gain the trust of clients.

While he personally dropped out of college to pursue his passion, Al-Jadani does not advise everyone to do the same, unless they have a backup plan and are prepared to put in the work to achieve success.

“I could drop out of college because I knew my family would back me up, but I don’t recommend anyone else do this. It took me four long years to learn a skill that was strong enough to build my career and a solid company on,” he said.

“I treat those events not strictly as failures, but as lessons that I needed to learn in order to become successful,” he added.


Saudi stock market opens its doors to foreign investors

Updated 06 January 2026
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Saudi stock market opens its doors to foreign investors

RIYADH: Foreigners will be able to invest directly in Saudi Arabia’s stock market from Feb. 1, the Kingdom’s Capital Market Authority has announced.

The CMA’s board has approved a regulatory change which will mean the capital market, across all its segments, will be accessible to investors from around the world for direct participation.

According to a statement, the approved amendments aim to expand and diversify the base of those permitted to invest in the Main Market, thereby supporting investment inflows and enhancing market liquidity.

International investors' ownership in the capital market exceeded SR590 billion ($157.32 billion) by the end of the third quarter of 2025, while international investments in the main market reached approximately SR519 billion during the same period — an annual rise of 4 percent.

“The approved amendments eliminated the concept of the Qualified Foreign Investor in the Main Market, thereby allowing all categories of foreign investors to access the market without the need to meet qualification requirements,” said the CMA, adding: “It also eliminated the regulatory framework governing swap agreements, which were used as an option to enable non-resident foreign investors to obtain economic benefits only from listed securities, and the allowance of direct investment in shares listed on the Main Market.”

In July, the CMA approved measures to simplify the procedures for opening and operating investment accounts for certain categories of investors. These included natural foreign investors residing in one of the Gulf Cooperation Council countries, as well as those who had previously resided in the Kingdom or in any GCC country. 

This step represented an interim phase leading up to the decision announced today, with the aim of increasing confidence among participants in the Main Market and supporting the local economy.

Saudi Arabia, which ‌is more than halfway ‍through an economic plan ‍to reduce its dependence on oil, ‍has been trying to attract foreign investors, including by establishing exchange-traded funds with Asian partners in Japan and Hong Kong.