OceanQuest appoints Dr. Martin Visbeck as CEO to lead next era of ocean exploration

Dr. Martin Visbeck
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Updated 26 April 2025
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OceanQuest appoints Dr. Martin Visbeck as CEO to lead next era of ocean exploration

OceanQuest, a Saudi nonprofit foundation, has announced the appointment of Dr. Martin Visbeck as chief executive. A globally recognized leader in ocean science, Visbeck brings more than 30 years of expertise in advancing the understanding of the ocean’s critical role within the Earth system.

Visbeck’s contributions span ocean discovery, research, governance, and technological innovation. His expertise is widely sought by scientific organizations, national governments, and the UN, underscoring his profound influence on global ocean policy.

“OceanQuest’s mission is to illuminate the ocean like never before — driving discovery, advancing scientific understanding, and supporting human progress,” Visbeck said. “By investing in next-generation research vessels, robotics, and advanced sensing technologies, we are strengthening the global deep ocean exploration ecosystem.

“Our success depends on international collaboration, uniting nations to explore, understand, safeguard and sustainably utilize the ocean’s vast potential. The launch of OceanQuest marks a significant milestone in this shared journey, as we push the boundaries of exploration and make a lasting impact on the future of our planet.”

Visbeck’s pioneering work in ocean science, observation and robotics has transformed data collection, discoveries and understanding in remote and challenging regions. His advocacy for digital twin technologies has enabled the development of virtual replicas of ocean systems, allowing simulation and prediction of ocean changes — critical for understanding the ocean’s role in sustainable development.

OceanQuest is dedicated to advancing ocean science and accelerating deep ocean exploration. The foundation’s goals are aligned with those of Saudi Arabia’s Vision 2030 — fostering sustainable development, innovation and global collaboration, and positioning Saudi Arabia as a leader in ocean research and conservation.

OceanQuest is set to launch a series of joint expeditions in the coming years, with a focus on studying seamounts — vital underwater ecosystems that play a critical role in the ocean’s health. These missions will shed light on the biology, chemistry, physics, and geology of these ecosystems, expanding our understanding of their importance to humanity.


25,000 attend Social Development Bank’s DeveGO25 forum

Updated 27 December 2025
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25,000 attend Social Development Bank’s DeveGO25 forum

The Social Development Bank concluded the second edition of the Entrepreneurship and Modern Business Practices Forum — DeveGo 2025 — announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region dedicated to entrepreneurship, innovation, and freelance work in Saudi Arabia and beyond. 

The forum witnessed broad participation from local and international experts, investors, entrepreneurs, and representatives of local, regional, and international institutions.

Over three days at the King Abdulaziz International Conference Center, the forum drew 25,000 participants and visitors, who benefited from over 45 specialized workshops and over 2500 advisory sessions delivered by more than 70 consultants and experts. 

The sessions covered key areas including entrepreneurial planning, business models, venture capital, digital platforms, freelancing, and emerging technologies. 

The forum also featured 20 panel discussions with leading local and international speakers, addressing major global trends in entrepreneurship, including the future of artificial intelligence, the creative economy, digital transformation, and venture investment. 

The forum saw the launch of the Saudi Empretec Fellowship, in the presence of Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development. 

The partners in success within the Social Responsibility Portfolio supporting entrepreneurs were honored. 

It also saw the honoring of 13 winners of the Handicrafts Competition, representing various regions of the Kingdom, the announcement of winners of the Salam Award for Promising Projects, and the recognition of leading entrepreneurial projects fund under the Enterprises Track. 

In addition, the NEXT UP Challenge concluded on the third day of the forum with 20 startups presenting their projects to more than 500 investors, enhancing opportunities for networking and partnership building.

As part of efforts to strengthen the support ecosystem, the forum witnessed the signing of 51 agreements, along with the launch of a suite of new financing products. These included the Capital Expansion Product with a ceiling of up to SR10 million, the Payroll Product with a ceiling of SR2 million, and the Rental Product with a ceiling of SR1.5 million, aimed at supporting enterprises in asset development and covering operational costs. 

This reflects the bank’s direction toward offering more specialized financing tools that respond effectively to market needs.

The forum concluded by reaffirming its role as a unifying national platform for entrepreneurship, where accompanying activities and events provided direct engagement opportunities between entrepreneurs, investors, and experts. 

The forum also highlighted success stories and practical experiences that reflect the scale of entrepreneurial momentum in the Kingdom and the growing role of the Social Development Bank in supporting a national economy driven by innovation and knowledge.