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  1. Mubasher News
  2. Luís Figo: Biban 2024 offers huge opportunity for startups

Luís Figo: Biban 2024 offers huge opportunity for startups

NOHA.GAD
Nov 7, 2024
FIFA World Player Luís Figo affirmed that Biban 2024 offers a huge opportunity for startups to connect with investors

Riyadh - Exclusive Sharikat Mubasher: Saudi Arabia successfully gathered global investors at Biban 2024, the premier forum for entrepreneurs and startups, driven by its leading position as a global investment hub.

In an interview with Sharikat Mubasher, FIFA World Player Luís Figo stated that Biban 2024 represents “a huge opportunity for all startups to show what they are doing in different sectors."

He highlighted the crucial role of Biban 2024 in connecting startups with investors to help them achieve their goals.

When asked about the possibility of launching the Figo Football Academy in Saudi Arabia, Figo said: “In the future, I would love to have that chance because I have some academies in China that work very well to promote football and help kids follow their dreams.”

Co-founded by Winning League and Figo, Figo Football Academy provides bilingual football education for the development of young players, with training facilities in Beijing, Shanghai, Chengdu, Erdos, Guangzhou, Xi’an, Dalian, Shenzhen, and more.

Further, Figo praised the Saudi government’s efforts to inject a lot of investments into Saudi football and bring several names and top players.

He noted that these efforts would add to the success and increase the value of the Saudi league every year.

Biban 2024, organized by the Small and Medium Enterprises General Authority (Monsha’at), takes place in Riyadh from 5 to 9 November, with the participation of more than 1,350 local and international exhibitors, over 250 speakers, and more than 150 enablement entities from around the world.

It targets creating a stimulating environment, raising administrative, financial, and technical competencies, and motivating the owners of ideas to launch their projects by allowing them to meet with local and global experts and share knowledge with key decision-makers and investors.

Throughout five days, Biban 2024 is expected to provide 10,000 investment and entrepreneurial opportunities, 420 workshops for over 19,000 beneficiaries, and consultation and guidance sessions for more than 5,000 beneficiaries.   

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Qai, Brookfield establish $20bn JV to advance AI infrastructure
Doha - Sharikat Mubasher: Qai, Qatar’s AI company and a subsidiary of Qatar Investment Authority (QIA), announced its strategic partnership with Brookfield to establish a $20 billion joint venture (JV) focused on artificial intelligence (AI) infrastructure in Qatar and other global markets.Under this partnership, both parties will contribute capital and operating expertise to invest in AI infrastructure in Qatar, including the development of fully integrated AI facilities, to support the country’s rapidly expanding digital and AI ecosystem, QIA announced in a press release yesterday.Benefitting from the Government of Qatar’s strategic support, this collaboration will invest in the skills and supply chain needed to support the backbone of AI infrastructure and the adoption of AI throughout Qatar.Qai and Brookfield will also explore opportunities to co-develop and construct AI infrastructure in select international markets.Commenting on the partnership, Mohammed Al-Sowaidi, CEO of QIA, said: “This joint venture is a testament to QIA’s commitment to delivering both local and global impact. Leveraging on the long-term partnership we have with Brookfield, this JV will advance Qatar’s National Vision 2030 and help build a diversified, innovation-based economy for future generations.”For his part, Abdulla Al-Misnad, Chairman of Qai, stated that the partnership with Brookfield marks an important milestone in Qatar’s journey to build world-class AI infrastructure and capabilities.“By leveraging Brookfield’s expertise in developing and managing critical infrastructure alongside Qai’s mission to deliver trusted AI solutions, we are creating a robust platform to drive responsible AI adoption. This collaboration will not only attract investment and top-tier talent, but also strengthen Qatar’s position as a trusted hub for advanced digital technologies in the region and beyond,” he added.Bruce Flatt, CEO of Brookfield, commented: “This partnership combines Qatar’s strategic vision with Brookfield’s global expertise in developing and operating large-scale, mission-critical infrastructure with global partners. Together, we look forward to building an integrated AI ecosystem that will accelerate innovation, deepen regional capability, and support the responsible deployment of advanced AI technologies across the Middle East.”Moreover, Brookfield and its partners plan to invest in this venture through the recently launched Brookfield Artificial Intelligence Infrastructure Fund (BAIIF).
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