Gulf finance funds provide offers to finance entrepreneurs in the exhibition.
Gallery "Rad" provides a platform for expansion and opens new markets for entrepreneurship in the Gulf.
Significant projects in the sectors of industry, energy, and services.
Trade and Investment Minister: We know to develop whatever entrepreneurs need to enable finance, improve the legislative environment, and support fast-growing companies.
Facilities Governor: RAD is a valuable opportunity for young businessmen and reveals the potential of the youth of the Kingdom and the Gulf.
About 300 leading and pioneering work of the Kingdom and the Arab Gulf states, their creations and ideas in commercial and industrial several areas, through their presence is remarkable in an exhibition of entrepreneurship (Rad), held by the Asharqia Chamber in its sixth edition on Monday 4 November, and opened His Highness the Prince of the Eastern Province, at the fairgrounds company Dhahran Expo Khobar - coastal and lasts until Wednesday.
The aim of Entrepreneurship (Rad), which presents projects containing commercial and industrial initiatives, youth exhibition was able to continue to develop ideas and adapt to market conditions, to create a vibrant community to meet the producers and owners of new ideas of young men and women with big companies, businessmen and actors supporting funding for youth projects.
The Minister of Trade and Investment, Dr. Majed bin Abdullah Al-Qasabi, in a video message with the participation of visitors and organizers of the "Rad", that the journey - despite what has been achieved - is still a long time in improving the working environment, pointing out that the investment process requires a good and attractive environment, stressing the need development and improvement of the attractive environment for investment, adding that the process requires improvement in the legislative environment and the development of procedures and the elimination of bureaucracy, stressing the importance of Tkamin lending, and that all of the requirements mentioned above are working on them.
Al-Qasabi pointed out that the Kingdom's ranking in the start of business activity has increased from 141 to 38 globally, where the Kingdom has managed to progress towards 103 centers globally, stressing that the Kingdom has become one of the best countries in the world in establishing limited liability companies and closed companies and shareholding.
He explained that the Entities Authority is working on all topics needed by entrepreneurs, by enabling financing and improving the legislative environment and support fast-growing companies and ease of doing business, and stressed that the Kingdom has opened new sectors such as (culture - tourism - entertainment - logistics - mining) which opens more There are opportunities for entrepreneurs to provide new services, in addition to the presence of mega projects such as Neum or Red Sea, Al Qudiya and others, calling on entrepreneurs to support the ministry with new ideas and direct communication with them, because communication plays a great importance in identifying and addressing challenges.
Precious opportunities
Saleh Al-Rasheed, governor of the General Authority for Small and Medium Enterprises (SME), said during the visit that the exhibition represents a valuable opportunity for young businessmen not only in the Kingdom but also in the entire Gulf region, as it brings together many innovators and new ideas Commercial and industrial fields, praising the exhibition and its organization and several pillars that reveal the true face of the youth of the Kingdom and the region, pointing to the offerings of the programs and initiatives focused in its work to support, develop and care for innovators and young businesswomen in accordance with international best practices; To disseminate the culture and ideology of self-employment and the importance of entrepreneurship and innovation in entrepreneurship, as well as the diversification of sources of financial support for enterprises of all kinds.
Compass for starting
Many of the exhibitors we met in the exhibition had the ambition, courage, and boldness to engage in economic work. They adopted the slogan of the Kingdom for its 89th National Day (his concern until the summit) as a compass for their launch and a beacon to reach it. He provides high-quality vegetable and fruit products and competitive prices to individuals and businesses. Then the determination and resolve of the country and witnessed great business movement, has become their company is expanding dramatically, hoping to be the first choice when their implementation of the business sector and individuals in the coming years.
Empowerment Era
Abdullah al-Barrak, owner of Wasj Recycling Factory for Tires and Plastics, supported by the Armcoa Entrepreneurship Center (Wa'ed), confirmed that his launch is accompanied by a state of great mobility in the country during the era of the Custodian of the Two Holy Mosques and his Crown Prince, saying that it is an era of empowerment for young people. He pointed out that his project for recycling double-benefit; where the economic dimension, both in terms of production and employment and environmental dimension, especially as the recycling projects contribute to the preservation of the environment, noting that industry is one of the most important axes of sustainable development, and he is doing his best and devotes much of his time In search and To study and look at what's new in the world of recycling tires, praising the exhibition, organization and purpose, considering it an opportunity to meet many great business owners and building partnerships and deals.
Stories being told
There are many ambitions and aspirations between the sides of the exhibition, in each corner of a story to tell and tales all insistence and determination to reach the summit, and ideas implemented and expanded and managed to succeed and set off to the world of business and others in its path; To produce and supply raw materials for insulation factories in the internal markets, and was able to develop and follow the market requirements manufacturing advanced insulation rolls, which gives the product the highest quality and speed of work and strength of cohesion, as well as the corner of the technologies Azar Industrial Services, which attracted the innovative idea New, big ambition because the company is one of the pillars of the Saudi oil industry and a model supervisor for localization and export of services and high-tech industries.
Added Value
Azar is the first Saudi company to examine the depths of oil and water wells. This company has found support from the Aramco program, which enabled it to provide value-added services. The company is planning to expand the localization of its activities and purchases, of which about 65% are supplied from local sources. , in addition to achieving more diversity in its services to examine the depths of the wells and the export of these services to neighboring markets.
Influencers in the Kuwaiti market
At the Arabian Gulf Pavilion, we had a tour with young Gulf businessmen who were able to have a foothold in their economies and a strong footprint in their markets. Organic vanilla factory, and they were able to be influential in the Kuwaiti market, despite the modernity of their factory, and dreams of expansion in other markets, led by the Kingdom market with its large size and purchasing power and consumer seeking a high-quality product, praising the exhibition and its role in creating a society Economist featuring a deranged The Executive Director of Abdulwahab Food Packaging Company, Amir Mohammad Wajeeh, told the story of the factory and how it was determined, determined and ambitious. Despite the recent experience, it was actually launched in 2018. It won the Best Small Project Award for 2019 in Kuwait. And that a youth factory, with the support of the National Fund for the care and development of small and medium enterprises, was able to get this achievement.
Emerging Projects
For his part, Issam Hammad, representing Tamkeen in Bahrain, expressed their willingness to finance, support and support the start-up projects in the private sector through qualifying Bahraini and Gulf nationals to be the nucleus of work and employment to help the government sector in recruiting citizens. As Bahraini projects and support by providing the equipment needed by any project and financial support of up to 50% of the financial cost of the project, pointing out their intention to launch 200 economic programs that support projects and attract Gulf investors praising the trade exchange between Saudi Arabia Bahrain contributes to the success of joint ventures.
For his part, Abdullah Al-Gulaiqa, Director of Entrepreneurship at the Economic Challenges in the Gulf states, described the initiatives adopted by the group, such as the start-up initiative and the university education initiative, in support of graduation projects and student projects. It relies on artificial intelligence and supports existing companies through the use of smart ideas to support their activities.
