20 startups graduate from Misk Accelerator program

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The program has enabled more than 130 startups, creating more than 2,330 jobs, with a total market value exceeding the barrier of 1.2 billion Saudi riyals (319.9 USD.) (SPA)
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Held in the Mohammed bin Salman Nonprofit City, the graduation took place on the day of presenting the projects that qualified for the final stage. (SPA)
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Updated 14 June 2023
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20 startups graduate from Misk Accelerator program

  • This comes in cooperation with the global innovation Plug and Play platform, through which Misk seeks to empower startups in the Saudi Arabia
  • Held in the Mohammed bin Salman Nonprofit City, the graduation took place on the day of presenting the projects that qualified for the final stage

RIYADH: Twenty technology startups from the fourth cohort of the Misk Accelerator program graduated on Wednesday, as announced by the foundation.
This comes in cooperation with the global innovation Plug and Play platform, through which Misk seeks to empower startups in the Saudi Arabia.
Held in the Mohammed bin Salman Nonprofit City, the graduation took place on the day of presenting the projects that qualified for the final stage.
The program is considered one of the most essential business accelerators in the region since its launch in 2019, as it supports emerging technology companies in their initial stages.
It has enabled more than 130 startups, creating more than 2,330 jobs, with a total market value exceeding the barrier of SR1.2 billion ($320 million).
The CEO of the foundation, Dr. Badr Al-Badr, said that Misk is distinguished by its vital system, based on the vision of its founder, pointing to the endeavor to open broad and diverse horizons for young people and owners of startup companies.
This allows them to invest in their latent capabilities and develop the professional and personal skills that qualify them to lead the future of the Kingdom.
Al-Badr added that Misk harnesses all its capabilities to support youth and create opportunities for them to empower and involve them in addressing future challenges through its various paths, affiliates, and innovative initiatives and programs.
The CEO and founder of Plug and Play, Saeed Amidi, said that the commitment and achievements of these startups are an indication of the qualitative talents in the Kingdom, stressing that cooperation with Misk Foundation in supporting these technology startups is essential for the growth of the entrepreneurial environment in Saudi Arabia.
The graduation day was attended by investors who viewed 20 presentations.
With that, technology companies can begin the next step of their entrepreneurial journey of seeking rapid growth after passing the intensive training phase, which lasted 12 weeks.


New Mina residential towers enhance capacity

Updated 4 sec ago
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New Mina residential towers enhance capacity

  • The Kidana Al-Wadi project is part of plans to improve services and capacity at the holy sites

MAKKAH: The Royal Commission for Makkah City and Holy Sites, represented by Kidana Development Co., has completed the Kidana Al-Wadi project, which consists of 10 residential towers with five floors each, the Saudi Press Agency reported on Tuesday.

The project is located in Mina’s block 38 near the Jamarat facility and covers an area of 33,000 square meters. 

The Kidana Al-Wadi project is part of plans to improve services and capacity at the holy sites.

The commission stated that it “aims to improve the quality of services provided to pilgrims and the urban landscape and seeks to organize and facilitate people’s movement around the site.” 

The project can accommodate up to 30,000 pilgrims, with each building containing 140 rooms, the commission stated.

The project includes a main prayer area, outdoor sitting areas, a control and monitoring room, a dining hall, medical clinics, advanced kitchens, and a waste-management system for each building. 

It also features technology to help with temperature control, and to organize the movement of pedestrians and buses.

The area has 20 power stations with a capacity exceeding 30 megawatts.


Greening initiative to restore 120 sites in Kingdom

Updated 2 min 7 sec ago
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Greening initiative to restore 120 sites in Kingdom

  • Saudi vegetation center to plant over 5.8 million seedlings and 28 tonnes of seeds in the first phase
  • Project prioritizes meadows and gardens as they play a critical role in storing carbon, mitigating climate change, and reducing the impact of desertification and dust storms

RIYADH: In a major greening effort, the National Center for Vegetation Cover Development and Combating Desertification has begun restoring 120 meadows and gardens across Saudi Arabia using a combination of more than 5.8 million seedlings and 28 tonnes of seeds scattered as part of the center’s meadows and gardens development project.

Launched in October 2023, the project’s first phase targets the rehabilitation of 300 meadows and gardens across the Kingdom, the Saudi Press Agency reported on Tuesday.

This project aims to plant 12 million trees and shrubs by 2030, covering an area of 8 million hectares. The goal is to enhance environmental sustainability, improve the quality of life, and contribute to the goals of Saudi Vision 2030 and the Saudi Green Initiative.

The first phase of the project follows a meticulous three-stage process. The initial stage involves collecting and analyzing data related to meadows, gardens, and surrounding areas. This information is used to systematically assess the level of degradation and determine the most appropriate interventions for each site.

Based on the assessments, the center implements tailored interventions to address the specific needs of each meadow and garden. Techniques employed include seed dispersal, seedling planting, rainwater harvesting, ongoing care and protection, and responsible use of the rehabilitated areas.

Finally, the project ensures the initiative’s long-term success through continuous evaluation and adjustments to the rehabilitation methods.

The project prioritizes meadows and gardens as they play a critical role in storing carbon, mitigating climate change, and reducing the impact of desertification and dust storms.

These meadows and gardens teem with diverse perennial and annual plant life. They act as natural sponges, absorbing rainwater during rainy seasons and nourishing the vegetation. This rich habitat also provides sanctuary for various wildlife, making them valuable areas for conservation efforts.

The project extends its vision beyond environmental benefits. Rehabilitated meadows and gardens offer promising economic and investment opportunities. They can serve as crucial bee pastures, boosting local honey production and associated by-products. These flourishing landscapes have the potential to become thriving tourist attractions.

By combining meticulous planning, targeted interventions, and data-driven approaches, the National Center for Vegetation Cover Development and Combating Desertification fosters a greener future for Saudi Arabia.


Saudi water sector’s role in Hajj highlighted

Updated 12 min 53 sec ago
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Saudi water sector’s role in Hajj highlighted

  • SWA distributed bottles of the world’s first packaged desalinated seawater, produced by the Shoaiba 4 system, at the Hajj Media Hub
  • Water is enriched with magnesium extracted using nanotechnology through ultra-fine membranes

MAKKAH: The Saudi Water Authority is participating in the Hajj Media Hub, which commenced on Monday in Makkah and will continue until June 16, highlighting the readiness of the Kingdom’s water sector for this year’s Hajj season.

At the event the authority distributed bottles of the world’s first packaged desalinated seawater, produced by the Shoaiba 4 system, the Saudi Press Agency reported.

The water is enriched with magnesium extracted using nanotechnology through ultra-fine membranes, demonstrating the authority’s commitment to adopting cutting-edge technologies to address the challenges facing the water sector.

The authority’s primary objective is to secure the water supply in the Makkah region and holy sites, adhering to the highest standards and utilizing the latest environmentally friendly technologies.

By participating in the forum, the authority aims to showcase its efforts in serving pilgrims and providing a comfortable and secure experience.

The authority’s pavilion shed light on its responsibilities in enhancing water security and addressing the challenges facing the sector. It also showcases the roles of all actors involved in the water system in the Kingdom and their contributions to the success of this year’s Hajj.

It provides daily updates on the water sector’s activities, supplying all information, data, and statistics to media outlets and journalists to cover its activities and enrich the media content this year’s Hajj season.

Its efforts reflect the government’s dedication to ensuring the comfort and well-being of pilgrims, which enables them to perform religious rituals with ease and reassurance, SPA reported.


Diriyah Co., UK institute team up for Saudi talent growth

Updated 48 min 53 sec ago
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Diriyah Co., UK institute team up for Saudi talent growth

  • Agreement initially targets training 15 Saudis from Diriyah Co., with potential expansion based on the organization’s needs
  • Partnership will focus on training young Saudi talent, mid-management professionals, both Saudi and non-Saudi, and potentially senior staff

RIYADH: The Diriyah Co. has signed a memorandum of understanding with the UK’s Royal Institution of Chartered Surveyors to enhance the training and development of Saudi talent.

The partnership aims to transfer knowledge and expertise by creating comprehensive learning plans and fostering collaboration across professional fields within the built environment, following the institute’s standards.

The memorandum, which was signed by Abdullah Al-Othman, chief human capital officer at Diriyah Co., and Belinda Howell, executive director of regulation and assurance operations at the institute, will support the growth of Diriyah’s skilled workforce.

The agreement initially targets training 15 Saudis from Diriyah Co., with potential expansion based on the organization’s needs.

The partnership will focus on training young Saudi talent, mid-management professionals, both Saudi and non-Saudi, and potentially senior staff.

Training will be primarily conducted in Riyadh through webinars and in-person sessions, minimizing business disruption, with opportunities for international training as needed.

Collaboration will cover training and guidance in cost and commercial management; project management; asset and facilities management; real estate advisory, procurement, and tendering; business and budgeting; and cost control skills.

Jerry Inzerillo, group CEO of Diriyah Co., said: “We are thrilled to collaborate with RICS to bring the immense benefits of their programs to our employees and projects by adopting global standards in training and development. It is a significant step toward enhancing our professional capabilities and ensuring the preservation of Diriyah’s rich heritage.”

Justin Young, global CEO at the institute, said: “Our collaboration with the Diriyah Co. underscores our commitment to promoting cultural, economic, and professional growth within Saudi Arabia. By supporting Diriyah Co., we aim to highlight the roots of this ancient city and its history across various fields, including culture, arts, and knowledge.”


Saudi crown prince receives crown prince of Kuwait in Jeddah

Updated 11 June 2024
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Saudi crown prince receives crown prince of Kuwait in Jeddah

RIYADH: Saudi Crown Prince Mohammed bin Salman received on Tuesday the Crown Prince of Kuwait, Sheikh Sabah Khaled Al-Hamad Al-Sabah, upon his arrival in Jeddah.