Shines light on the experiences of business pioneers
Away from oil fuss and the vagaries of oil prices, and away from the limelight, many young Saudis strive to challenge the difficulties, and the leading their projects they founded a short time ago with hands to globalization, driven by their faith in the ability of " business pioneering " to make a change on the ground, driving the economy toward new Horizons.
Great efforts made by the Kingdom over the past years to support young people, the provision of the right climate for the growth of their small projects, and because the investment in technology development and applications of smart phones has become an attraction factor for a new generation of business pioneers in the Kingdom because of the good investment and the availability of appropriate technological infrastructure environment, so these pioneers were able to transform their ambition and the spirit of innovation that they have to a popular brand, and gain good profits.
"The economy has shined light on many of the youth projects in the establishment of companies that have succeeded and some also approached the globalization of the such as the payment gateway electronic project "Pay Tabs" on the Internet and which is one of untraditional investment ideas in the Kingdom, and was founded by a group of young Saudi workers in the field of Information Technology before becoming a Saudi brand capable of competing with the global payment gateways such as "2checkout", and "Amazon payments" and "Google Wallet" and the most famous gate "Paypal". Being the Arabic currency supporter in the face of the global currency basket as dollar and the euro, the user can choose the local currency of their choice from the Saudi riyal or dirham or Bahraini dinar, the gate team is working on presenting other currencies in the future, the Egyptian pound, the Kuwaiti dinar and the Qatari riyal, the gate has Three dimensional system, ensures a more secure and protects the confidentiality of data users, and the freedom to use a card that suits their financial transactions Under the title " Real estate companies troubled .. and challenges are increasing " the economy " in its edition for the month of June mentioned that Real estate companies' crisis in Saudi Arabia has increased, after the number of stalled projects has doubled to reach more than 40% of the projects approved and under construction, because a lot of companies stopped working to reduce government spending. Specialists in contracting stress that the big corporate rely greatly on government spending, which increased the crisis and double the number of troubled projects to reach more than 40% of the projects approved and under construction.
Specialists predict that the most troubled projects ratio rises, after the construction companies started to dismiss employees, for their inability to pay their monthly salaries, especially in light of the banks refused to provide more loans to them, after they failed to repay previous loans. On the other hand, more than 5.4 million workers employed in the construction faces a big crisis, that most of them did not get their salaries for several months, and the risk of dismissing them.. "the economy" discussed in the family businesses in June edition, under the title "family .. contribution is the solution," said, "the economy" The Government of the Kingdom works according to the vision of King Salman bin Abdulaziz, God bless him to reshape the map of the national economy, to achieve sustainable development, and counts in this regard on the private sector and in the front the family businesses for the progress in an active role in providing a safe and motivating investment environment for investments and supportive for the investors trust by the adoption of the Ministry of economy and planning, with the Capital market Authority " Tadawul" a mutual project to urge families business in the Kingdom to switch to joint stock companies that reflect the true extent of the contribution of these companies in the local economy. According to several economic estimates that investments in family businesses in the Kingdom represents 12% of Gross domestic production. Wiam Al Freihi from Capital Markets Authority has explained to "the economy" the risks for the large family businesses, especially after the founding generation and its transition to the next generation as the percentage of disintegration in the first generation is up to 30% and rising gradually with the second and third generations, before they are exposed to fade entirely with the fourth generation, which is a major economic loss. Pointing that the project, which was launched several years ago is moving according to a clear vision, especially the experiences of effective family businesses that put up for trading that motivates various companies to move towards the transition to a contribution, pointing that the joint stock companies represent a real guarantee for the continuity of these companies in the coming years. Under the title "business incubators .. young arms in the face of unemployment," "economy," discussed the idea of business incubators and said that these programs as a universal idea has appeared years ago and was supported by government institutions and private sector companies in Europe and the United States before moving to the Kingdom in the light of interest in supporting creativity culture and innovation and to encourage emerging projects so the business pioneers can benefit from its tools to realize their dreams and help them to guarantee a good start to their business, so as to ensure access to positive results that contribute in enhancing the progress of the national economy, and the increase of the productivity and provide more chances of success for pioneers. The "economy" pointed that the first incubator in the kingdom was founded in 1425 as the Centennial Fund, an independent nonprofit institution dedicated to funding youth projects.
At the section of a man and a time "the economy" spots the journey of life of the late businessman Dr. Abdul Rahman Al Mishari ,said that he is an icon in Medication in the Kingdom, recorded his journey with golden letters on building pages and scientific development in the country, in a time when the number of doctors represent only tiny numbers, this name has emerged as one of the pioneers of medical Renaissance, made his way to make a milestone in his career and his specialty, has devoted his life to save the lives of people from diseases and epidemics that vanished the lives of many citizens at a time the medical services were in their infancy. Dr. Al Mishari journey was success until it became a reflection of the success of the Kingdom in the medical field, and proved this success to that achieving any goal no matter how hard can be done with determination and using the means for success, until he become one of the icons of Medicine in the Kingdom , rated by the Cambridge International Center as one of the most prominent workers in the medical field in the twentieth century, and won many international and regional awards in his field.
