ROSHN Group launches 2024 edition of ROSHN Hackathon

ROSHN Group announced on Friday the launch of its ROSHN Hackathon 24, set to be the largest PropTech hackathon in the region. (SPA)
ROSHN Group announced on Friday the launch of its ROSHN Hackathon 24, set to be the largest PropTech hackathon in the region. (SPA)
Short Url
Updated 44 sec ago
Follow

ROSHN Group launches 2024 edition of ROSHN Hackathon

ROSHN Group launches 2024 edition of ROSHN Hackathon
  • The hackathon, building on the success of the inaugural 2023 edition, has expanded to cover four key focus areas

RIYADH: ROSHN Group announced on Friday the launch of its ROSHN Hackathon 24, set to be the largest PropTech hackathon in the region.

Taking place during the Cityscape Global exhibition in Riyadh from Nov. 11 to 14, the event will gather hundreds of innovators from over a dozen countries to compete in developing ideas for the construction and real estate sectors.

The hackathon, building on the success of the inaugural 2023 edition, has expanded to cover four key focus areas, including green technology, energy efficiency, smart buildings, automation, and corporate social responsibility. 

Participants will compete for cash prizes, with the top teams winning SR300,000 ($79,872) to help bring their projects to life.

ROSHN Hackathon 24 is supported by key Saudi tech and business entities, including the Saudi Federation for Cybersecurity, Programming and Drones, and the Digital Entrepreneurship Center as SME partners, PwC as a knowledge partner, and Google and Future Workshops as technical partners. 

Innovators can register as individuals or teams on the ROSHN Hackathon 24 website, where they will be invited to present their business models over the four-day event. 

A panel of industry experts will evaluate submissions, with first-place teams awarded SR300,000, second-place teams SR150,000, and third-place teams SR50,000 to further develop their innovative solutions.


Saudi foreign trade chief advocates WTO reform, women’s economic role at G20 meeting in Brazil

Saudi foreign trade chief advocates WTO reform, women’s economic role at G20 meeting in Brazil
Updated 24 sec ago
Follow

Saudi foreign trade chief advocates WTO reform, women’s economic role at G20 meeting in Brazil

Saudi foreign trade chief advocates WTO reform, women’s economic role at G20 meeting in Brazil
  • Mohammed Al-Abduljabbar highlights women’s growing contribution to Kingdom’s economy
  • Open, rules-based multilateral trading system key to handling global trade, economic challenges, official says

 

 

 

 

BRASILIA: The acting governor of Saudi Arabia’s General Authority for Foreign Trade represented the Kingdom at the Group of 20 Trade and Investment ministerial meeting, which was held on Thursday in Brasilia.

Attending on behalf of Minister of Commerce Majid bin Abdullah Al-Qasabi, Mohammed Al-Abduljabbar joined global leaders to discuss trade and investment priorities, highlighting the importance of reforming the World Trade Organization, empowering women in international trade, and fostering sustainable development in global markets, Saudi Press Agency reported on Friday.

Al-Abduljabbar underscored the WTO’s role in maintaining an open, rules-based multilateral trading system, emphasizing the necessity for effective mechanisms to handle evolving global trade and economic challenges.

He also called for the reinforcing of member commitments, aligning with the principles set out in the Riyadh Initiative for the Future of the WTO.

In line with Saudi Vision 2030, Al-Abduljabbar celebrated women’s growing contributions to economic development in the Kingdom, citing policy reforms aimed at empowerment and capacity building.

He noted Saudi Arabia’s impressive rise in the World Bank’s Women, Business and the Law Index, jumping from a score of 25 out of 100 in 2019 to 71 in 2023.

Women in Saudi Arabia now account for 42 percent of small and medium-sized enterprises, with female workforce participation rising from 17.4 percent in 2017 to 34.6 percent last year.

Al-Abduljabbar also pointed to Saudi Arabia’s progress in achieving Sustainable Development Goals, bolstered by its National Investment Strategy that promotes economic diversification and sustainable growth.

The initiatives aim to make the Kingdom a global hub for sustainable investment, aligning with international best practices to foster a resilient, inclusive economy.

During the event, Al-Abduljabbar held talks with key trade officials, including China’s Vice Minister of Commerce Wang Shouwen, Turkiye’s Deputy Minister of Trade Mustafa Tuzcu, and Singapore’s Deputy Prime Minister Gan Kim Yong.

He also met with WTO Director-General Dr. Ngozi Okonjo-Iweala, and trade ministers from New Zealand, the UAE, and Indonesia.


Saudi exports to Austria up by 146% last year, says envoy

Saudi exports to Austria up by 146% last year, says envoy
Updated 25 October 2024
Follow

Saudi exports to Austria up by 146% last year, says envoy

Saudi exports to Austria up by 146% last year, says envoy

RIYADH: Imports from Saudi Arabia to Austria totaled €442.4 million ($477.9 million) in 2023, an increase of 146.2 percent on the previous year.

Oskar Wustinger, the Austrian ambassador to the Kingdom, said exports from his country to the Kingdom also showed a strong upward trend, increasing 11.9 percent to €537.8 million.

At a reception hosted by the Austrian Embassy in Riyadh, he described the growth in trade as “impressive” and said Austrian exports to Saudi Arabia during the first half of 2024 had also surged, up 57 percent on the same period last year.

Some 200,000 Saudis visited Austria last year, he added, describing it as “a big increase and new record with a further increase this year.”

According to the embassy’s website, Saudis made up the largest group of tourists from Gulf region with over 194,600 arrivals and 540,000 overnight stays.

The ambassador said he expected to see a further increase in tourism, with many visas already issued through the new “cascade” system.

Wustinger, who took up his current role in September last year, said the “very good relations” between Austria and the Kingdom were based on solid friendship and covered many fields.

During his tenure, he hopes to expand cooperation in the fields of infrastructure, mobility, mining, tourism, tourism infrastructure, the entertainment sector, green tech and renewable energy.

He said: “Vision 2030 is impressively bold and very ambitious,” adding he continued to be amazed by the rapid pace of change and the “energy, enthusiasm, and creativity of Saudi youth which is the biggest treasure of all.”

The ambassador also highlighted several Austrian companies which have established a presence in Saudi Arabia in the past few years, such as Hoerbiger and Andritz, adding that TUV Austria had celebrated the opening of its regional headquarters in Riyadh in May.

“Austrian businesses have world-leading expertise, break new ground, and think outside the box,” he said.

During his speech, the ambassador also listed numerous trade missions organized by the Austrian Embassy, including the commercial section which focused on green tech, tourism know-how and infrastructure.

He said another trade mission to Riyadh this month would bring a delegation to Abha to learn more about the developing tourist region of Aseer.

There was cooperation in the world of football, too, he said, with an increasing number of Saudi teams — including Al-Hilal — holding summer camps in Austria.

He also highlighted Austria’s National Day as “a very good occasion to bring together colleagues, Saudi friends, contacts and business people who are involved in trying to further enhance Austria and Saudi relations in the cultural field, economic and political fields.


Saudi Arabia making ‘significant strides’ in health tourism, expert says

Saudi Arabia making ‘significant strides’ in health tourism, expert says
Updated 24 October 2024
Follow

Saudi Arabia making ‘significant strides’ in health tourism, expert says

Saudi Arabia making ‘significant strides’ in health tourism, expert says
  • Sustainability is a cornerstone of Kingdom’s health tourism strategy

RIYADH: Saudi Arabia is positioning itself as a top destination for health and wellness tourism, working to develop specialized healthcare facilities and wellness resorts to attract international visitors.

At the Global Health Exhibition, held in Riyadh Oct. 21-23, Dr. Saad Baslom, adviser for the Kingdom’s Health Sector Transformation Program, shared valuable insights into Saudi Arabia’s growing prominence in health tourism.

Baslom participated in a session at the forum titled “Investment Opportunities in Health Tourism and Wellness in KSA,” where he discussed the country’s position as a leader in global health tourism.

Highlighting the Kingdom’s advancements, he told Arab News: “The Saudi Ministry of Health is actively transforming the healthcare system by fostering partnerships with the private sector and integrating complementary medicine into mainstream healthcare. Acupuncture and herbal medicine are now key components in providing holistic care.”

This integration positions Saudi Arabia as a destination offering a comprehensive health tourism experience, enriched by the nation’s deep-rooted customs and traditions, according to Baslom.

One prominent example of the country’s new wellness tourism offerings is AMAALA, a luxury wellness project on the Red Sea coast, the first phase of which is set to be completed by 2025.

It is expected to contribute SR11 billion ($2.9 billion) to the economy and create 50,000 jobs.

The AlUla Wellness Festival, another key initiative, promotes wellness travel. Held annually in one of Saudi Arabia’s most iconic heritage sites, AlUla, the festival focuses on physical and mental well-being through ancient healing practices, yoga sessions, meditation and other activities.

Baslom elaborated on the unique cultural context that makes Saudi Arabia stand out: “What distinguishes the emotional experience and perhaps creates the desire among medical tourism visitors is the nature and spirit of the Kingdom.

“It is this inheritance through successive generations in the history of this region… This is what creates the desire and that image that is formed in our minds when we want to experience something or want to visit a country.”

The blend of tradition and modern medical expertise appeals to international patients seeking not only treatment but also a meaningful connection with the culture.

Sustainability is a cornerstone of Saudi Arabia’s health tourism strategy. Baslom explained how the Kingdom prioritizes environmentally friendly practices: “Sustainability is an essential component of Saudi Arabia’s health tourism strategy.

“By prioritizing environmentally friendly practices in healthcare facilities, the Kingdom aims to minimize its ecological footprint while providing exceptional care.

“This commitment extends to the use of herbal treatments, which align with sustainable practices by promoting natural remedies that are both effective and respectful of the environment.”

He further emphasized the importance of digital health services that reduce travel needs and support environmental sustainability.

“The integration of digital health solutions, such as telemedicine and e-health services, further supports sustainability goals. These innovations reduce the need for travel, lowering carbon emissions and making healthcare more accessible,” he said.

Saudi Arabia’s healthcare infrastructure also plays a pivotal role, he said.

“The Kingdom’s commitment to achieving international accreditation for its healthcare facilities ensures that they meet rigorous quality standards,” Baslom said.

“This dedication enhances the appeal of the Kingdom as a destination for international patients seeking reliable and high-quality healthcare services.”

The Kingdom is actively building partnerships across healthcare, tourism, and other sectors to enhance the visitor experience.

“Facilities such as King Fahd Medical City and King Faisal Specialist Hospital are at the forefront of offering acupuncture and herbal medicine, supported by qualified practitioners who adhere to strict regulatory standards,” Baslom added.

As the Kingdom continues to expand its healthcare offerings, Baslom is optimistic about the future: “Saudi Arabia’s medical and wellness tourism is supported by a diverse network of partners, including prominent healthcare institutions and travel agencies, enhancing the overall visitor experience and showcasing the Kingdom as a destination for holistic wellness.”


Ambassador looks to expand Saudi-Hungarian cooperation in IT, healthcare and investment

Ambassador looks to expand Saudi-Hungarian cooperation in IT, healthcare and investment
Updated 24 October 2024
Follow

Ambassador looks to expand Saudi-Hungarian cooperation in IT, healthcare and investment

Ambassador looks to expand Saudi-Hungarian cooperation in IT, healthcare and investment

RIYADH: Hungary’s ambassador to Saudi Arabia, Balazs Selmeci, aims to expand cooperation between the two countries in the fields of investment, IT, healthcare, and food products.

“We have 28 years of diplomatic relations with Saudi Arabia, which is not a long period, but we have the political trust and our cooperations in the economic sense strengthened mainly in the field of IT,” Selmeci told Arab News.

“Hungary is very advanced in the IT sector, we can bring here our know-how. With the help of Saudi people we can reach the government and private sectors here in Saudi Arabia,” he said.

During the Hungarian National Day reception hosted recently in the embassy in Riyadh, the ambassador detailed the significance of the national day and highlighted the areas he would like to see cooperation grow between Saudi Arabia and Hungary.

“We are celebrating October 23 as the revolution against the communist Soviet regime,” he said.

Selmeci said that the reception signified the importance of a peaceful life for both regions.

“In a wider sense, we are celebrating our freedom and our peaceful life, which is important also now here in Saudi Arabia as also in our region of Hungary and here in this region,” the ambassador said.

“We have unfortunately very hard and strong conflicts, so the national day here in Saudi Arabia gives us a chance to call everybody for a peaceful solution for the conflicts here in this region and our region,” he said.

When discussing the areas in which he would like to see cooperation grow between the two countries, the ambassador said that he would like to see more Hungarian investors in the Kingdom, which he hopes will result from the first Hungarian-Saudi joint venture in IT scheduled to take place next month.

“In the next month, we have here the first Hungarian-Saudi joint venture in the field of IT,” Selmeci told Arab News.

The ambassador also said that he would be happy to see more Hungarian products on the shelves in Saudi supermarkets.

On the topic of healthcare, Selmeci added that he would also like to see some development between the two countries.

The Hungarian National Day reception featured Josef Terek, a musician, composer, music director and recipient of the Hungarian Cross of Merit, who played a traditional Hungarian instrument called a tarogato. 

“He is playing a special Hungarian instrument called the tarogato which has a Middle Eastern origin,” the ambassador said.

“In the 9th century the zurna, which is a Middle Eastern instrument, arrived in Europe and this Hungarian instrument originated from that instrument.

“This is the special part of our evening here,” he said.

The ambassador also revealed that Terek would hold a tarogato masterclass in the Saudi Music Hub during his visit to the Kingdom.

“I am very proud that I can bring him to the Saudi Music Hub. This is the special part of our reception,” he said.


Six rescued at sea after boat collision in Saudi Arabia’s Eastern Province

Six rescued at sea after boat collision in Saudi Arabia’s Eastern Province
Updated 24 October 2024
Follow

Six rescued at sea after boat collision in Saudi Arabia’s Eastern Province

Six rescued at sea after boat collision in Saudi Arabia’s Eastern Province

DAMMAM: The Saudi Border Guards’ search and rescue teams in the Eastern Province rescued six citizens after their vessel collided with a navigation marker in the open sea.

Elsewhere, the Border Guards in Al-Raboah sector, Asir, arrested seven expats for violating the border security system by smuggling 154 kilograms of qat. After completing the initial legal procedures, they were referred to the relevant authorities, along with the seized items.

Security authorities have called on citizens and residents to report drug smuggling or selling, by calling 911 in Makkah, Riyadh and the Eastern Province, and 999 in other parts of the Kingdom.

Reports to the General Directorate of Narcotics Control can be submitted by calling the number 995 or by emailing [email protected]