Arab entrepreneurs celebrate innovation, culture, and UK-MENA partnership

Held on July 22, the first-of-its-kind gathering brought together business leaders, diplomats, and policymakers to highlight the role of Arab entrepreneurship in advancing cross-border collaboration and innovation. Supplied
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Updated 27 July 2025
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Arab entrepreneurs celebrate innovation, culture, and UK-MENA partnership

LONDON: In a landmark moment for Arab entrepreneurship, the Arab Entrepreneurs Board recently hosted an event at the House of Lords, celebrating entrepreneurship, innovation, and the strengthening of UK-MENA partnerships.

The gathering marked the first event of its kind in the UK, and the second major initiative by the board following the successful Arab Women Awards ceremony in April 2025.

The event was opened by Lord Dominic Johnson, who delivered a keynote highlighting the critical role of entrepreneurship in building resilient, inclusive economies.




Lord Dominic Johnson, who delivered a powerful keynote highlighting the critical role of entrepreneurship in building resilient, inclusive economies. Supplied

Other distinguished speakers included Bandar Reda, secretary-general of the Arab British Chamber of Commerce, and Faisal Abbas, editor-in-chief of Arab News. Both speakers highlighted the importance of deepening the strategic, economic, and cultural ties between the UK and the MENA region.

Hosted by Wael Alzein, founder and CEO of the Arab Entrepreneurs Board, and Dr. Asma Ounnas, co-founder and chief strategy officer, the evening brought together key voices from business, diplomacy, and media under the shared mission of amplifying the Arab entrepreneurial presence on the global stage. The overarching theme focused on UK-MENA partnership, and the role of Arab entrepreneurship in bridging economies, cultures, and communities.

“This gathering was not just symbolic — it was strategic,” said Ounnas. “We are reshaping the narrative around Arab enterprise by putting collaboration, creativity, and global ambition at the heart of our work.”

Adding a unique cultural dimension, the evening featured an exclusive exhibition of signed lithograph paintings by King Charles III and Prince Khaled Al-Faisal, commemorating the 25th anniversary of their artistic celebration of the Asir mountains.

Guests also received signed copies of “Anecdotes of an Arab Anglophile” authored by Arab News Editor-in-chief Faisal Abbas.

The guest list included representatives from leading brands such as NEOM, Binghatti, BMG Financial Group, The Ritz London, Aston Martin, Harrods, Hill House Interiors, Luxury Magazine, and Bicester Village, alongside diplomatic envoys from Arab embassies, members of the House of Lords, and representatives from both the London Chamber of Commerce and  industry and the British Chambers of Commerce.

Entrepreneur members of the board were also present. All attendees were united by a shared commitment to fostering long-term partnerships, driving innovation, and promoting regional prosperity. 

“We were deeply inspired by the energy in the room — from startups to sovereign-level projects,” said Alzein. “This is just the beginning of a movement that connects ideas with capital, and vision with execution.”

The Arab Entrepreneurs Board also announced a slate of upcoming events and initiatives, including more awards ceremonies, summits, strategic partnerships, and the launch of their new PR division in London aimed at amplifying Arab entrepreneurship on the global stage.


From 2 hours to 30 minutes: Qiddiya Bullet Train to cut Riyadh travel time by 75% 

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From 2 hours to 30 minutes: Qiddiya Bullet Train to cut Riyadh travel time by 75% 

RIYADH: Qiddiya is set to become significantly more accessible under plans to link the entertainment and tourism hub to King Salman International Airport and the King Abdullah Financial District through the new Qiddiya Bullet Train, Asharq Al Awsat reported

The project will reduce travel time to around 30 minutes, down from nearly two hours using other transport options, representing a 75 percent cut in commuting time. Operational speeds are expected to reach 250 km per hour, according to the Royal Commission for Riyadh City. 

The railway forms part of a broader transport strategy aimed at improving connectivity across the capital and enhancing mobility between key destinations, in line with population growth and urban expansion in western and southwestern Riyadh. 

In a related development, the commission announced the awarding of the Red Line extension of the Riyadh Metro to Diriyah. The expansion includes 7.1 km of tunnel and 1.3 km of elevated track, with stations at King Saud University and Diriyah. The latter is expected to serve as a future interchange with the planned Line 7. 

Officials estimate the project could remove around 150,000 cars from daily traffic, improving access to tourist destinations such as Bujairi Terrace and Wadi Safar, while supporting more sustainable mobility patterns. 

Bandar Al-Saadoun, vice chairman of Khaleejiah Holding, told Asharq Al-Awsat that the Diriyah development ranks among the largest projects under Vision 2030. He pointed to additional landmark initiatives in Wadi Safar, alongside the Opera House project and King Salman Grand Mosque. 

He said extending the Red Line along King Abdullah Road to Diriyah would generate strong real estate demand, particularly as the rail network integrates routes from King Salman International Airport through KAFD, Diriyah and the New Murabba development. 

Al-Saadoun added that roughly 30 projects have been announced in Qiddiya, raising the prospect of gradual real estate growth along corridors connected to the rail line. The project’s links to major developments — including Expo 2030 Riyadh, New Murabba and The Avenues — as well as the airport, which is expected to become one of the world’s largest by 2030, are likely to reinforce demand. 

Real estate analyst Khaled Almobid said large-scale transport projects such as the Qiddiya Bullet Train do more than lift prices; they reshape market structure and asset values over the medium and long term. 

Historically, properties within one to three km of transport stations see capital appreciation and rising investment demand, particularly for undeveloped “white land,” which often transitions into higher-density projects, he said. 

Almobid expects a dual impact: both redistribution of demand within Riyadh and genuine market expansion driven by what he called “manufactured demand” from Qiddiya, which is projected to attract 17 million visitors and generate 325,000 jobs. He also anticipates a population shift toward western Riyadh and areas surrounding the new stations. 

Land prices near Qiddiya have already risen between 30 percent and 40 percent since 2023, reflecting early market anticipation, he said, predicting more sustainable growth once operations begin and prices align with the tangible value of cutting travel time to 30 minutes between the airport, KAFD and Qiddiya. 

Residential and tourism-related real estate are likely to lead the next phase, supported by Saudi Arabia’s goal of raising homeownership to 70 percent and attracting 150 million annual visitors by 2030, with mixed-use locations along the rail corridor expected to draw the strongest investment interest.