Friday , 19 October 2018

Arabnet kKwait Conference highlights the importance of innovation and entrepreneurship as drivers of Kuwait’s economic development

arabnet-2Kuwait City – Over 500 digital leaders gathered at the ArabNet Kuwait conference to discuss the latest in digital innovation and entrepreneurship, and the opportunities they bring for Kuwait’s businesses and youth.

Held under the patronage and with the presence of H.E. Sheikh Salman Sabah Al-Salem Al-Homoud Al-Sabah, Minister of Information and Minister of State for Youth Affairs, and with the sponsorship of the Kuwait National Fund (KNF), Alghanim Industries, and Mefazec, the highly-awaited first edition of ArabNet Kuwait brought together government leaders, enterprise decision-makers, innovators and investors to connect and exchange ideas on how to leverage technology to drive business growth and improve quality of life in Kuwait and the region.

The conference was launched on October 4th, with a welcoming note by ArabNet Founder and CEO, Omar Christidis. To quote Christidis, “there is a strategic government interest in supporting the entrepreneurship ecosystem – including the launch of the $7B Kuwait National Fund for SME Development, as well as a number of initiatives by the Ministry of State for Youth Affairs. And we’re thrilled to be partnering with both of them to achieve our vision here: helping build bridges between the Kuwaiti digital market and the world, and connecting the diverse stakeholders in this ecosystem – entrepreneurs, investors, corporations and government leaders”.
The welcoming note was followed by a speech by H.E. Sheikh Salman Al-Sabah.

The Opening was followed by a dynamic panel discussion on the state of entrepreneurship in Kuwait, with Shafeeq Al-Saed Al-Omar, Assistant Undersecretary for the Ministry of State for Youth Affairs; Abdulaziz B. Al Loughani, Vice Chairman of the National Fund for SMEs Development; Essa Al Essa, Chairman at Mefazec; Mohammad Alhajeri, Chief Investment Officer at Impulse International (part of the National Technology Enterprises Company NTEC); as well as Mohammad Jaffar, the entrepreneur and investor behind the success of Talabat.com.

ArabNet Kuwait continues for two days, with more than 30 sessions on a range of topics, including e-commerce and payments, digital media, e-marketing and social media, as well as entrepreneurship and investing in technology. It also includes 1-on-1 interviews with top private sector executives leading digital transformation across sectors, including Tarek Sultan, CEO of Agility, one of the world’s leading logistics companies; Peter Roberts, General Manager of IT and CIO at Gulf Bank, who is responsible for the bank’s strategic digitization efforts; and Divyank Turakhia, Founder of Media.net, a global advertising technology company acquired earlier this year for $900M

Also on the occasion of the conference, ArabNet and OMD released their “E-commerce Insights and Best Practices 2016” research report to help brands develop their e-commerce strategies. The report interviews the region’s top e-commerce companies about the key factors for their success, and presents a guide to support businesses who are looking to incorporate e-commerce into their activities.

ArabNet Kuwait included over 50 regional and international speakers such as Abdulla Al-Ajmi, CEO at Knet; Andrew Hyde, Director of New Programming at Techstars; Dikdyuti Sen, Chief Marketing Officer at Talabat.com; and senior executives from Careem, Twitter, Ipsos, Google, Zain, Arzan Venture Capital, OMD, Mastercard, amongst many others. ArabNet Kuwait also included ArabNet’s signature competitions, Ideathon and Startup Demo, where the most promising entrepreneurs from Kuwait and the region compete on stage and showcase their ideas and companies to top investors and business leaders. Top investors from around the region joined the event, including 500 Startups, Arzan VC, BECO Capital, Dubai Angels, Flat6Labs, Impulse / NTEC, Middle East Venture Partners, and VentureSouq.

About Marc Mcilhone

Marc Mcilhone
Marc Mcilhone is ArabBrains' Editor - sourcing news and features content and overseeing the work of the site’s contributors. Marc’s work is informed by his technical background in architecture having worked for some of the UK’s leading practices on projects within the education, healthcare and housing sectors. Marc has a particular interest in how innovators are creating sustainable solutions that have a positive impact on people’s everyday lives. Please email press releases and news to: editor@arabbrains.com

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