Key Bankers and Financial Institutions set for Euromoney Saudi Arabia 2014 Panels to Examine Capital Markets in the Kingdom; New Sources for Infrastructure Investment and Solutions to Saudi Arabia’s Housing Challenges

Senior banking leaders and representatives of major financial institutions are set to participate in the 9th Euromoney Saudi Arabia Conference, which will take place in Riyadh on 6 and 7 May 2014.

The conference, which was named as the “best national and regional conference on the Saudi economy” by the Council of Ministers, will be co-hosted with the Saudi Ministry of Finance. It is attracting some of the most important people in finance to the Kingdom, to take part in a far-reaching discussion of crucial issues facing the country and the global economy today.

A major session on capital markets will look at the development of Saudi Arabia’s stock exchange, and examine the careful steps being taken to allow greater foreign direct investment and enhance the regulatory framework.

The Saudi bourse, the Tadawul, has a market capitalisation of US$417 billion, and sees around US$1.3 billion traded every day, making it the region’s most liquid market by a significant margin. However, the authorities recognise the need to open the market beyond the current base of retail investors in the Kingdom. International banks including HSBC Holdings have suggested that Saudi Arabia’s market may open to foreigners as early as this year.

Adel Al-Ghamdi, Chief Executive Officer of Tadawul; Salah Garawi, Head of Corporate Finance at Saudi Aramco; Yasser Al-Sharif, Chief Executive Officer of Manafea Holding Company; and Nina Lagron, Senior Fund Manager at Amundi Asset Management will take part in a keynote discussion chaired by Euromoney to examine the changes affecting the Tadawul and the road ahead for the Arab World’s largest stock market.

Infrastructure investment is another area of the Saudi economy seeing significant development. Due to the rising population and on-going economic growth, the Kingdom is looking to raise significant funds to support transport, water, power and housing projects, looking to a mix of public and private investment.

Euromoney is gathering the key players involved in these projects to discuss the investment opportunities and the potential challenges that lie ahead. The panel on infrastructure will include representatives from NCB, the Bechtel Group, ACWA Power and Saudi Kuwait Finance House, bringing a range of perspectives to the debate.

Euromoney Conferences’ Regional Director, Richard Banks, said: “Each of our panels will feature national and international financial leaders who are playing an active role in shaping the future of the Saudi Arabian economy. With senior government representatives, private sector chief financial officers and major bankers, The Euromoney Saudi Arabia Conference is set to be a crucial event for financiers and investors working in and with the Kingdom.”

Representing the government at the event will be H.E. Dr Ibrahim Al-Assaf, Minister of Finance; H.E. Dr Muhammad Al-Jasser, Minister of Economy and Planning; H.E. Dr Shwaish Al-Dowaihy, Minister of Housing; H.E. Mr Adel Fakeih, Minister of Labour; and H.E. Mr Majid Al-Moneef, Secretary General of Saudi Supreme Economic Council.

Other major executives taking part include Charles Dallara, Executive Vice Chairman of the Board and Chairman of the Americas of Partners Group (USA); Ambroise Fayolle, Chief Executive Officer of Agence France Trésor and representatives of some of the Kingdom’s key enterprises, including senior officials from the Public Pension Agency, NCB, Etihad Etisalat Mobily, SABIC, Al Rajhi Capital, and Jadwa Investment.

Major global institutions represented at the event will include HSBC, BNP Paribas, and The World Bank.

The Euromoney Saudi Arabia Conference is the longest-running, largest and most influential financial conference in the Kingdom.  It will take place at the Al Faisaliah Hotel in Riyadh on 6 and 7 May 2014 and is expected to attract around 1,200 delegates from all over the region and the world. For more information on the Conference, visit www.euromoneyconference.com/saudi.html.

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SANDISK PRODUCT FOOTPRINT GROWS IN KSA Mobile subscriptions in KSA reached 53 million in 2013 with a 181.6% penetration rate

SanDisk, the global leaders in flash memory, grew in the Kingdom of Saudi Arabia by 64 percent year on year from 2012 to 2013, Coupled with this success SanDisk  celebrates 15 years of business in the Kingdom of Saudi Arabia with its distributor Ahmed Abdulwahed (AAA) Company.

“The Kingdom represents one of the highest revenue opportunities for SanDisk in the region. Over the past 15 years we have seen outstanding growth,” said Tareq Husseini, Regional Sales Director Mediterranean Middle East and Africa at SanDisk. “In partnership with Ahmed Abdulwahed we have invested in developing the country’s flash category by strategically growing our product footprint within power retails and hyper stores.”

“We look forward to continuing our growth efforts in the Kingdom of Saudi Arabia in partnership with Ahmed Abdulwahed Company to provide our customers with the best in flash memory products,” added Husseini.

A strong growth in the consumer electronics has led to an increase in mobile subscriptions in KSA last year. According to the Communication and Information Technology Commission of Saudi Arabia, the number of mobile phone subscriptions in KSA reached 53 million by the end of 2013, with a penetration rate of 181.6%[1]. Driven by the region’s high mobile phone penetration rates and a growing appetite for flash-based storage devices, SanDisk anticipates growth opportunities in the region.

“Growth in mobile phones and the proliferation of smartphones is rapidly coming to be seen as indispensable among Saudi consumers,” said Yaser Ahmed Abdulwahed, Chief Operating Officer, Ahmed Abdulwahed Company. “This is ultimately fuelling flash memory in the Kingdom.”

Husseini added that SanDisk’s growth was attributed to key retailers in the kingdom including; Extra, Jarrir Bookstore, Emax, Carrefour, Lulu Hyper, Hyper Panda Danube and Bindawood.

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RSA Hosts Security Summit in Saudi Arabia Event Highlights the Need for Securing Businessesfrom Ever Evolving Risks and Threats in the Age of the ‘Third Platform’

RSA, The Security Division of EMC today announced the opening of the RSA Security Summit in Riyadh, Saudi Arabia, a one day security conference aimed at helping organizations address evolving, complex and sensitive security challenges. The Summit, held at the Four Seasons Hotel brought together an audience of senior security professionals from the IT industry, including Chief Security Officers, Compliance and Risk Managers, CIOs, and IT Directors to highlightthe emerging trends in the space of cyber security and shed light on how organizations can help build an element of ‘trust’ in their IT organizations and the need to ramp up theirteam’s ability to face the unknown threats and ensure data protection and mitigation of the risk of an attack.

The adoption of third platform technologies such as cloud computing, Big Data, social networking and mobile devices to help enterprises achieve their IT and business transformation goals depends on entirely on a foundation of trust and the organization’s ability to secure their cloud environment ensuring that data is protected no matter where, how and what device it may be accessed from.  The rapid evolution of the IT industry in turn introduces organizations to a whole new host of advancedrisks and persistent threats that are far more complex, destructive and frequent in volume than ever known.

Set against this backdrop, the RSA Summit opened with a keynote by Dave Martin, CISSP, Vice President and Chief Security Officer EMC Corporation, to highlight the need for organizations to redefine security by adopting an intelligence-driven security approach in order to secure their most sensitive information and networks and mitigate risks in the age of IT’s “third platform”.

The summit featured presentations from senior RSA executives and security experts which highlighted the need to harness Big Data Analytics to leverage the benefits of a transformational security monitoring and investigative solution. The subject follows from a recent survey[1] conducted by EMC found that 73% of respondents in Saudi Arabia agree that Big Data technology will prove vital in identifying and protecting against cyber-attacks while only 72% of respondents were confident of their ability to fully recover all their data should they have need to.

RSA Summit sponsors included Matco, ComputerLinksand Redington who all took the opportunity to discuss their solutions with attendees in the networking area of the summit.The RSA Security Summit KSA 2014 is part of a series of EMEA summits with planned additional stops in Qatar and UAE. Theseevents are designed to provide RSA customers and partnerswith an opportunity to gain insight into the latest developments in the field of cyber security and showcase the company’s host of innovations to help enterprises protect their information, networks and users from sophisticated internal and external threats in addition to helping meet the ever increasing demands from governance, risk and compliance within industries such as banking and finance, healthcare, telecom and government in addition to many others.



[1]EMC Survey Reveals Big Data Adoption Trends in United Arab Emirateshttp://middle-east.emc.com/about/news/press/2013/20130910-02.htm

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Bayer HealthCare supports educational program on diabetes in Saudi Arabia “Excellence across Borders” project sets out to raise awareness in schools

Under its “Excellence across Borders” program Bayer HealthCare supports local projects in order to improve care of people with diabetes. With this program, Bayer HealthCare actively promotes a country-specific approach in countries of the Middle East and Northern Africa (MENA) region with still low awareness in broader part of the population by sharing knowledge and experience in excellence-oriented networks. Among the projects is a new Diabetic School Awareness Program aimed at teenagers in the Kingdom of Saudi Arabia which has now been started. The program intends to enhance diabetes awareness and management to reduce the number of people at risk and is supported by the Association of Diabetic Patient Friends in Jeddah and Bayer HealthCare’s “Excellence across Borders” initiative. It presents a local approach to improve knowledge about current options in the diagnosis, therapy, and prevention of diabetes in this region.

“Improving the conditions for people living with diabetes will undoubtedly be one of the most challenging health issues of the 21st century,” said Gerd-Walter Rohm, initiator of the initiative “Excellence across Borders” at Bayer HealthCare. “Raising awareness among the younger population and sharing best practice is an important priority to drive progress on diabetes management.”

Saudi Arabia has the second highest comparative prevalence of diabetes in the Middle East and North African (MENA) region. The country’s rapid urbanization has influenced the lifestyle and nutrition of its people over the past three decades, leading to epidemic proportions of about 23 percent of the adults affected by diabetes mellitus.

“The ‘Excellence across Borders’ program fosters regional cooperation on all levels of diabetes management, helping us to further meet our patients’ needs”, explained Professor Hassan Hussein Fatani, Consultant Endocrinologist at King Abdulaziz University (KAAU) Jeddah and Erfan Hospital and President of the Association of Diabetic Patient Friends, Jeddah, Saudi Arabia. “Our project evaluates the level of diabetic problems among young people in Saudi Arabia. With the results, we can recommend ways for changing youth lifestyles and reduce the number of people at risk.”

Located in the Jeddah region, the Diabetic School Awareness Program aims at addressing the younger population that constitutes about 70 percent of the total population. Healthcare professionals will visit local schools to assess current prevalence rates of type 1 and 2 diabetes, and to assess information on obesity and glucose intolerance among teenagers twelve to 18 years old. All classes and students within the school will be targeted for the awareness program via various educational activities. The fieldwork will screen students at ten to 14 schools representing different socio-economic backgrounds. As a first step, questionnaires will be conducted through all classes. Additionally, 20 to 30 percent of the student body will be encouraged to have a random capillary blood sugar test. If the results are over 130mg/dl, the respective students will be encouraged to receive further testing for an accurate diagnosis. Students will be educated by science teachers and health workers in improving personal lifestyles through lectures, audio-visual aids and educational activities.

Developments from all over the world show the urgent need for initiatives such as the Diabetic School Awareness Program. New estimates recently published by the International Diabetes Federation (IDF) show that 371 million people worldwide are suffering from the metabolic disorder and another 187 million are still to be diagnosed. In a global context, four out of five patients are living in low and middle income countries where diabetes has turned into a major economic and political burden.[1] With “Excellence across Borders”, Bayer HealthCare actively supports a country-specific approach in countries with insufficient awareness in a broader part of the population and diabetes management standards by sharing knowledge and experience in excellence-oriented networks. Participants may learn from one another and become inspired and motivated to search for new local options in diagnosing, treating, and preventing diabetes in their home countries.



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ICONIC RIYADH MARRIOTT HOTEL TRANSFORMED AFTER MULTI-MILLION SAR BRAND REFRESH

Marriott International today celebrated the re-launch of its landmark property, the Riyadh Marriott Hotel. Opened in 1980, located in the heart of Riyadh, and operating under the flagship Marriott Hotels brand, the Riyadh Marriott Hotel was Marriott International’s first property in the Middle East and Africa.

“I am delighted to celebrate this historic milestone with the re-launch of our beautiful Riyadh Marriott Hotel. This property is iconic for Marriott International and for the city of Riyadh. Mr. Marriott himself signed the deal and visited Riyadh back in 1979 when the hotel was under construction,” said Alex Kyriakidis, President and Managing Director, Marriott International Middle East and Africa.

“The Riyadh Marriott Hotel is a beacon. It showcases our authenticity as a company, our roots and the strength of our partnership with SHARACO, the owners of the property for more than 30 years. With the refurbishment, the hotel also symbolizes and showcases our vision, as we continue to innovate and lead the future of travel,” continued Mr. Kyriakidis.

With the completion of the extensive, 1.5-year brand refresh the Riyadh Marriott Hotel has been taken to a new level of style and sophistication.

“We are very pleased to see our shared vision with Marriott International come to life. Our refurbished five-star property is evidence of our commitment to continued innovation in guest services and experience,” said Dr. Badr Al-Badr, CEO, Saudi Hotels and Resorts Company (SHARACO).

The newly refurbished Riyadh Marriott Hotel features one of Marriott Hotels’ signature new innovations – the ‘Great Room’ – which is being rolled out across all hotels in the region.

“The Hotel has been transformed to reflect the brand’s new positioning to cater to the next generation of travelers who blend work and play, demand style and substance, and require technology to stay connected,” said Muin Serhan, General Manager for the Riyadh Marriott Hotel. “The Great Room at the Riyadh Marriott Hotel is stunning with an Arabian oasis atmosphere. Our guests can socialize, unwind, work or dine in this up-scale space where they can enjoy the ambience created by the spectacular light installations, Mashrabiya wooden screens, glass mosaics, water feature and plush seating. The area is work-ready too with hot desks, private meeting spaces and free guest Internet access 24 hours a day.”

Other new features and amenities at the Riyadh Marriott Hotel include:

  • 418 newly-remodeled rooms incorporating modern furnishings with a contemporary look, neutral colours and accents of the brand’s iconic red. Smart lighting and high-tech facilities including jack-pack technology are also provided.
  • The Atrium Café in the Great Room for relaxed meals and drinks throughout the day.
  • A newly-designed contemporary executive lounge for dining, relaxing and working with a skyline view of the city of Riyadh. The lounge offers complimentary food and beverages throughout the day. Fully equipped business center facilities, a private meeting room and high-speed Internet are also free of charge for guests staying on the executive floors.
  • Introduction of a ladies-only gym, where our female guests can workout on the latest LifeFitness equipment.
  • Bodyline, Riyadh’s largest hotel gym with LifeFitness equipment overlooking the impressive heated, indoor swimming pool and luxurious jacuzzi. This builds on the existing spa treatment zone and, squash and rooftop tennis court facilities.
  • Stunning new Royal Suite and exclusive crew lounge.
  • Terrace Grill fine-dining steakhouse. A MENA Travel Award winner and the only restaurant in Riyadh specializing in “Angus Beef”.
  • MENA Travel Award winning Makarim Conventions Center with grand ballrooms to facilitate business conferences, weddings and other social events.

At present, there are 500 Marriott Hotels and Resorts in nearly 60 countries around the world. Marriott Hotels currently operates 16 hotels in 7 countries in the Middle East and Africa with a total 5,397 rooms.  By 2017, there will be a further 13 properties across the region, raising the room count by nearly 3,000 rooms.

In Saudi Arabia, the Marriott Hotels brand is represented with locations in Riyadh, Jeddah and Madinah, with a new property in Makkah scheduled to open by Q4 of this year. This new five-star property is located near the Grand Mosque in the Jabal Omar development.

Marriott International operates under four lodging brands across the Kingdom of Saudi Arabia: Marriott Hotels, Marriott Executive Apartments, Courtyard by Marriott and The Ritz-Carlton, and currently has seven properties in Riyadh, Jeddah, Madina and Jazan with 1,651 rooms. There are a further seven properties scheduled to join Marriott International’s portfolio in the Kingdom by 2017, bringing in new brands and new cities, bringing the total room count to 4,125:

  • 83-unit Residence Inn by Marriott Jazan (2014)
  • 540-room Makkah Marriott Hotel (2014)
  • 210-room Courtyard by Marriott Riyadh Olaya Street (2015)
  • 639-room JW Marriott Hotel Makkah (2016)
  • 370-room JW Marriott Hotel Jeddah (2016)
  • 432-room Courtyard by Marriott Makkah (2017)
  • 200-room Courtyard by Marriott Riyadh North (2017)

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World’s No.1 skincare oil Bio Oil Sponsors Woman’s Week Exhibition 2014

Bio Oil, world’s number one skincare oil announces the sponsorship of Woman’s Week Exhibition 2014 in Dhahran International Exhibitions Center, the exhibition which considered the most prestigious event for woman’s fashion & beauty in the region will take place on April 1st to April 5th 2014 in Dammam, KSA and attract the leading local and international companies for woman’s products & accessories.

Bio Oil was first launched globally in the year 2002 and since then it has been the most trusted skincare product. “Bio Oil has received immense popularity all around the world which has led it to become world’s number one skincare product. “said Dr. Mohammed Oteifi, the marketing manager of Sara Excel Company. Apart from attaining popularity, Bio Oil has won more than 85 skincare awards.

Dr. Oteifi added that Bio‑Oil formulation is a combination of plant extracts and vitamins suspended in an oil base. It contains an active ingredient called PurCellin Oil™, which changes the overall consistency of the oil, making it light and non-greasy. This ensures that the goodness contained in the vitamins and plant extracts is easily absorbed by all skin types.

Bio Oil has undergone various safety assessments in accordance with the Regulation of the European Parliament and of the Council of Cosmetic Products. It is now available at all the medical stores, hypermarkets, supermarkets and cosmetic stores to serve its customers in KSA.

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MICROSOFT TO END SUPPORT FOR WINDOWS XP ON 8 APRIL 2014 Figures for February2014 show Windows XP accounts for only 7.9% of PCs in Saudi Arabia.

Microsoft has announced that it will officially retire service and support for Windows XP on 8 April 2014.

After that date, Microsoft will no longer provide security updates and non-security related fixes for the 12-year-old operating system. Additionally, phone and online support for technical assistance or content updates will terminate. Users will no longer receive the updates that help protect PCs from harmful viruses, spyware, and other malicious software, which may result in downtime and software compatibility issues.

Loai Bafaqeeh, Public Sector Lead, Microsoft Arabia, stated: “Market analysis conducted in February 2014 shows that only 7.9% of PCs in Saudi Arabia are running Windows XP, a 12-year-old operating system no longer capable of handling sophisticated cyber-attacks and meeting demands for more data privacy and productivity.”

“That’s equivalent to an alarming figure of 624,000 PCs. We have seen a strong shift since September 2013, with consumers and businesses steadily upgrading to Windows 7 or 8.”

According to the findings of Microsoft’s Security Intelligence Report, Volume 14, released in April 2013, Windows XP is up to 56.5 times more vulnerable than Windows 8, while a new Cybersecurity report from Microsoft shows Windows XP’s actual infection rate is 6 times higher than Windows 8.

Commenting on the security issues, Tim Rains, Director at Microsoft’s Trustworthy Computing (TwC) group, said: “Running Windows XP in your environment after the end of the support date may expose your company to an even higher rate of potential risks. Networks that include Windows XP computers used for normal office activities, such as e-mail, web browsing, word processing, etc., will become undefendable and will invite attackers inside.”

“Therefore, Microsoft is urging all business and consumers still using PCs running on Windows XP to upgrade to either Windows 7 or Windows 8, an option which has upside well beyond keeping you supported. It offers more flexibility to empower employees to be more productive, while increasing operational efficiency through improved PC security and management. It also enables your organization to take advantage of latest technology trends such as virtualization and the cloud.”

Microsoft built Windows for a mobile generation bringing together the best of software, services and devices. Today, the next generation of mobile computing starts with the new Windows platform, the one operating system that covers the broad spectrum of modern business needs.

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Eugene Kaspersky to meet government and financial sector representatives in Saudi Arabia

On March 3 and 4, 2014 Eugene Kaspersky, Chairman and CEO of Kaspersky Lab, will be in Riyadh to meet with key government officials and financial sector leaders to discuss current cyberthreats and ways of combatting them. Following a number of top level meetings of his and of other Kaspersky Lab senior managers in November 2013 in Saudi Arabia, this visit is testament to the company’s commitment to help the Saudi government achieve its objective of creating a safer digital environment for both enterprises and individuals across the nation.

Ahead of his Riyadh trip, Eugene commented: “Saudi Arabia plays an extremely important role in the world, and therefore the state of cybersecurity in the country is a matter of global importance. It is a rapidly growing economy facing very significant risks in cyberspace. The sophistication of malware continues to grow alongside the danger it poses, and governments, private companies and international organizations should work hand in hand to keep the Internet safe and secure.”

On March 4 Eugene Kaspersky will share his expert take on the state of modern-day cybercrime and what needs to be done to tackle it. The presentation will take place at the Information Security Workshop for the Financial Sector organized by SAMA, the “Saudi Arabian Monetary Agency”. Kaspersky Lab’s participation in the event comes right after the global announcement of the new Kaspersky Fraud Prevention platform, which is aimed at helping financial organizations and companies in the e-commerce sector protect electronic payments on computers and mobile devices.

Both organizations and ordinary users across Saudi Arabia continue to face cyberthreats as a result of increasing Internet and mobile penetration. Findings of the Global Corporate IT Security Risks 2013 survey, conducted by B2B International in collaboration with Kaspersky Lab, show 98% of companies in Saudi Arabia reporting at least one external IT security incident in 12 months. At the same time a great many people make use of online banking services or make online purchases; the widespread penetration of e-payments has made the theft of electronic money a profitable business for criminals. The study found that in the preceding 12-month period 62% of users around the world had encountered cyberthreats that targeted their accounts.

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ALJ FORMS STRATEGIC PARTNERSHIP WITH SUMITOMO/KOMATSU TO MEET KINGDOM’S GROWING DEMAND FOR HEAVY EQUIPMENT Partnership will provide Saudi Arabia with the latest and reliable Japanese heavy equipment brand

M/s Abdul Latif Jameel has announced that they have formed a joint venture with M/s Sumitomo Corporation of Japan and have acquired the distribution rights in Saudi Arabia for the leading Japanese brand of heavy equipment – Komatsu. The new joint venture company is branded as Abdul Latif Jameel Heavy Equipment (ALJHE). By providing the latest and most reliable equipment, ALJHE will meet the growing demand for heavy equipment, particularly in the kingdom’s booming construction industry.

The announcement was made on March 5, 2014 at a ceremony held at the Ritz Carlton Hotel, Riyadh, in the presence of His Excellency the Japanese Ambassador Mr. Jiro Kodera, senior Saudi government officials and representatives of leading companies in the kingdom’s construction and industrial sector.

ALJHE will provide technologically advanced Komatsu equipment to the Saudi market, including, excavators, bulldozers, wheel loaders, motor-graders, rigid and articulated dump trucks.

Mr. Mohammad Arif Chishti, Managing Director of ALJHE, stated that ALJ’s investment in the heavy equipment sector is aligned to Abdul Latif Jameel’s commitment towards advancing the development of Saudi Arabia. By providing world-class construction and allied equipment coupled with top-quality guest support standards, as well as Sharia-compliant financing, we are doing more than just supplying products.

Saudi Arabia’s construction industry is witnessing an increasing demand for heavy equipment due to the large number of projects in various sectors. Many of these projects are of national interest. ALJHE will contribute towards strengthening the heavy equipment sector’s role in the development of the national economy.

Mr. Chishti went on to say:  “Guest care is central to our business. We endeavor to become our guests’ preferred partners, supporting them through the life of their equipment.  Our scope includes initial consultancy advice on the type of product they should buy or rent, proposing financing solutions, service agreements, onsite repairs operator training, technical training, immediate availability of parts and more. Our guest support standards ensure best in class up-time, thereby providing optimum utilization of the equipment.”

Mr. Chishti concluded, “Sumitomo operates Komatsu distributors in various countries around the globe and this experience is immediately benefiting ALJHE. Our guests can thus expect operating standards that are the best in industry”

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YouTube Roadshow Comes To Saudi Arabia YouTube Roadshow Brings Together YouTube Executives and Budding Saudi Creator Community

The YouTube Roadshow comes to the city of Riyadh in the Kingdom of Saudi Arabia today as part of a tour of MENA that will also include Morocco. The YouTube Roadshow brings together YouTube executives to meet with content creators in Saudi Arabia who are producing entertaining and creative content on YouTube. The roadshow will showcase their success on YouTube and discuss how to create a viable business model through the online platform. The YouTube Roadshow is hosted in collaboration with the Badir Program for Technology Incubators with the support of King Abdul Aziz City for Science and Technology.

The YouTube Roadshow will demonstrate the key benefits of YouTube Partnership Program which was launched in MENA and KSA in 2013. The program allows anyone with a YouTube channel to monetize their content and make revenue by displaying ads against their original content. The program was originally launched in March 2013 to users in Egypt, KSA, UAE and later expanded in September 2013 to include Morocco, Bahrain, Qatar, Kuwait and Oman

“This is our first YouTube Roadshow event in KSA which is home to a lot of great content that’s being produced. Compelling content can come from anywhere ­ we’re giving people the platform, the tools, and the support to make great things happen and grow big audiences.” stated Marenco Kemp, YouTube Online Partnerships in EMEA. He added, “Advertisers should expect more and more high quality content to be on YouTube that’s attractive to them. We also want to see more people taking YouTube from a hobby to a job”

Mr. Nawaf Al Sahhaf, CEO at Badir Program for Technology Incubators, confirmed the importance of this event as it provides the opportunity for Saudi entrepreneurs to hone their skills and capabilities through information and knowledge exchange regarding the best ways to utilize the most famous video­sharing website worldwide. Mr. Sahhaf further specified that Badir is

keen in organizing and sponsoring unique and enriching events to provide an encouraging environment that would induce innovation and support technology entrepreneurship while promoting a culture of self­employment and preparing extraordinary entrepreneurs for the Kingdom.

YouTube has become a cultural phenomenon in many countries around the world and its effects are arguably most noticeable in KSA where 83% of users access the platform on a daily basis. The majority of users in KSA view YouTube as both the number one destination for online videos and the main platform for high quality content with 73% and 58% respectively. YouTube has also

become a major hub for brands in KSA, which is especially evident in the fact that YouTube users in Saudi Arabia are opinion leaders. Those users are 2.5X more likely to give ratings for services, 2X more likely to share their opinion about things they like and are 2.2X more likely to be approached for advice by acquaintances before a purchase is made which makes YouTube of major interest to brands and advertisers alike.

The roadshow focuses on the premise that partners have been, and will continue to be the lifeblood of YouTube. The roadshow will focus on YouTube executives providing extensive training to the attendees on the best practices on the platform that enable them to make quality content that attracts views. The roadshow will also host several content creators from KSA who have successfully transformed their work on YouTube from hobby to career to share their success stories and best practices tips to the audience.

To become a Partner and join the YouTube Partner Program, you need to have a YouTube account, upload your own content that complies with the Terms of Service and Community Guidelines and you have to have previously monetized at least one video. For more information, visit  http://support.google.com/youtube/bin/answer.py?hl=en&answer=72851  and for any questions about the program, please contact:  menapartner-­support@google.com

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