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USSABC Leads Delegation of Young Saudi Entrepreneurs to New York and Boston
The delegation at the New York Stock Exchange.
The U.S.-Saudi Arabian Business Council (USSABC) led a visiting delegation of Saudis to New York City, New York, and Boston, Massachusetts on February 12-18, 2011. The delegates were recipients of the Prince Salman bin Abdul-Aziz Young Entrepreneurs Award, a program that encourages and supports the development of young Saudi professionals. The scope of entrepreneurship covered by the Prince Salman Bin Abdul-Aziz Young Entrepreneur Awards is broad and includes founders of start-up companies and institutional innovators within large corporations or government organizations. The 10 Saudi participants are involved in the financial services, information communications and technology, construction, human resources, and retail sectors.

The group visited the two hubs of U.S. business and entrepreneurial activity to meet with companies and institutions whose experience and expertise may serve as a model for entrepreneurial development in Saudi Arabia.

Executives of Morgan Stanley provided an overview of U.S. and international investment prospects and wealth management, as well as a global investment strategic outlook. The group also met with representatives of the Trump Organization and had an opportunity to learn about the role of communications and media, including advertising, media coverage, and social media, in the modern business world from Fleishman-Hillard Inc. King & Spalding LLP hosted the delegation for lunch where senior partners offered informative presentations on issues of business law.

The New York visit also consisted of meetings with senior executives from Kohlberg Kravis Roberts & Co., New York City Investment Fund, Proctor Capital Managers LLP, Endeavor, HSBC, NYC Seed, NYC Tech Connect, Contour Venture Partners, and Long Island Cares Inc. - Harry Chapin Food Bank. The delegation also visited the Eugene Lang Entrepreneurship Center, the New York Stock Exchange, and Columbia Business School.

The participants had a chance to learn about the financial strength of Boston through meetings with Monitor Group, Bain Capital Ventures, Atlantic Financial Inc., and Babson College. The trip concluded with a visit to Harvard University to meet with representatives of Harvard Business School, Harvard Kennedy School, and founders and experts at AllWorld Network.

Established in 2006, the Prince Salman Bin Abdul-Aziz Young Entrepreneur Awards aim to support the young entrepreneurs of Saudi Arabia and instill an entrepreneurial spirit among the future generation of Saudi leaders. The program partners with regional and international award committees and organizes educational seminars, forums, and training workshops that offer entrepreneurs opportunities to network and share experience with top executives and world leaders.

The following companies and organizations participated in the mission:

  • Al Misehal Company, founded in 1992, is involved in precise positioning systems, vehicle tracking systems, communications and military systems, industrial security systems, navigation and survey, and marine and shipbuilding systems. The firm also designs, engineers, and implements civil construction work for telecommunications, and offers specialized solutions for niche requirements, such as environmentally-friendly towers and masts, and rapid deployment solutions. For more information, please visit www.almisehal.com.
     
  • Alomar Group is involved in sectors including agriculture and human resource services. Al-Omar Manpower Services is specialized in recruiting human resources to staff companies across industrial sectors.
     
  • Arabian Oud, founded in 1982, is a leading oriental perfume chain in the world. The company had over 580 privately owned perfume stores in 2005 across the Middle East, France, and the U.K. Arabian Oud is emerging as a major perfume retailer and plans to exceed 1,000 stores by 2012. For more information, visit www.arabianoud.com.
     
  • Community of King Saud University (CKSU) at King Saud University is an online university community for over 80,000 students that has established partnerships and sponsorships for the community worth over $267,000 (SR1 million). The website is ranked 1st among all websites dedicated to the Saudi student communities. For more information, visit www.cksu.com.
     
  • Darmoja, Garmin KSA, established in 1993, is active in the field of navigation, cartography, and tracking systems and the sole authorized dealer of Garmin products in Saudi Arabia. The company has nearly 20 years of GPS innovation with experience in aviation, automotive, marine, recreation, mobile, and wireless markets. Darmoja is a pioneer in GPS technology and the largest GPS service provider across the Middle East region. For more information, visit www.garmin.com.sa.
     
  • The Entrepreneurship Center of the Riyadh Chamber of Commerce and Industry assists and promotes the interests of the Saudi private sector. The center collects data, identifies investment opportunities, and provides various services to its member companies. For more information, visit www.riyadhchamber.org.sa.
     
  • Gulf Rose Group invests in shareholder rights, bonds, and joint portfolios in international stock markets. For more information, visit www.gulfrose.net.
     
  • Prince Salman Bin Abdul-Aziz Young Entrepreneur Awards Program honors distinguished professionals who are entrepreneurs, researchers, or possess outstanding leadership skills. For more information, visit www.salmanaward.com.
     
  • Protechnology KSA, a franchise of Protechnology ME based in Dubai, UAE, is a leading IT solutions provider in the Kingdom. Services include storage backup and digital archiving, security and data protection, wireless communications and networking. For more information, visit www.protech-me.com.
     
  • Zaid Coat International is a pioneer in the waterproofing industry with 18 years of experience in manufacturing and inventing waterproofing products. The company has developed projects in Saudi Arabia and the U.A.E. and is the recipient of various international awards for technology and quality and international grand PRIX leader in prestige and quality. For more information, visit www.zaidcoat.com.

 


 

 
Last Updated October 30, 2014
©2014 U.S.-Saudi Arabian Business Council