Latest news with #Classera
Syyaha
03-08-2025
- Business
- Syyaha
Classera Signs Major Strategic Agreements in Damascus in Presence of Syrian President and Saudi Minister of Investment
In a significant step to strengthen Saudi-Syrian economic cooperation and accelerate reconstruction and digital transformation, Classera, the global leader in smart learning solutions, has signed a series of strategic agreements with the Government of the Syrian Arab Republic, represented by the Syrian Minister of Communications and Technology and the Syrian Minister of Health. The agreements were signed on the sidelines of the Saudi-Syrian Investment Forum, hosted in signing ceremony was attended by His Excellency Mr. Ahmed Al-Shar'a, President of the Syrian Arab Republic, His Excellency Eng. Khalid bin Abdulaziz Al-Falih, Saudi Minister of Investment, and Eng. Mohammed bin Suhail Al-Madani, Founder and CEO of Classera, along with senior officials and business leaders from both agreements align with Saudi Arabia's Vision 2030, which emphasizes enabling the private sector to lead development initiatives in partner nations and leverage its expertise in post-crisis reconstruction to Forbes, the forum announced investments totaling SAR 24 billion across 47 agreements, with participation from over 150 executives and representatives of leading Saudi companies, making it one of the most significant milestones in the history of bilateral economic agreements with Classera aim to transform education and training ecosystems in Syria, utilizing cutting-edge technologies across K-12 education, higher education, and vocational training, as well as the government and healthcare sectors. Key initiatives include:Deploying advanced e-learning platforms to ensure equitable access to education in remote national capabilities in digital and educational online digital academies to equip youth with digital skills and foster healthcare workforce readiness through unified digital platforms for training, licensing, and upskilling healthcare on this landmark collaboration, Eng. Mohammed bin Suhail Al-Madani, CEO of Classera, stated:'We are honored to bring our global expertise in digital learning and training to support Syria and its people. We firmly believe that investing in human capital through advanced technologies is the fastest path to restoring Syria to its rightful place.'The agreements will also introduce Classera's expertise from over 40 countries into the Syrian market, including AI-powered learning management systems, digital training solutions, educational analytics, and intelligent learning one of the world's leading EdTech companies and the largest in the Middle East, Classera operates in over 40 countries worldwide and has earned numerous international accolades, including:Microsoft Education Global Partner of the YearThe BETT Award for InnovationThe GESS Award for Educational Innovation In addition, Classera has attracted major investments from the Saudi Public Investment Fund (through its investment arm, Sanabil) and top Silicon Valley venture capital firms, reinforcing its position as a global pioneer in smart learning.
Zawya
03-08-2025
- Business
- Zawya
Classera signs major strategic agreements in Damascus
JEDDAH – In a significant step to strengthen Saudi-Syrian economic cooperation and accelerate reconstruction and digital transformation, Classera, the global leader in smart learning solutions, has signed a series of strategic agreements with the Government of the Syrian Arab Republic, represented by the Syrian Minister of Communications and Technology and the Syrian Minister of Health. The agreements were signed on the sidelines of the Saudi-Syrian Investment Forum, hosted in Damascus. The signing ceremony was attended by His Excellency Mr. Ahmed Al-Shar'a, President of the Syrian Arab Republic, His Excellency Eng. Khalid bin Abdulaziz Al-Falih, Saudi Minister of Investment, and Eng. Mohammed bin Suhail Al-Madani, Founder and CEO of Classera, along with senior officials and business leaders from both nations. These agreements align with Saudi Arabia's Vision 2030, which emphasizes enabling the private sector to lead development initiatives in partner nations and leverage its expertise in post-crisis reconstruction projects. According to Forbes, the forum announced investments totaling SAR 24 billion across 47 agreements, with participation from over 150 executives and representatives of leading Saudi companies, making it one of the most significant milestones in the history of bilateral economic relations. The agreements with Classera aim to transform education and training ecosystems in Syria, utilizing cutting-edge technologies across K-12 education, higher education, and vocational training, as well as the government and healthcare sectors. Key initiatives include: Deploying advanced e-learning platforms to ensure equitable access to education in remote areas. Building national capabilities in digital and educational fields. Establishing online digital academies to equip youth with digital skills and foster entrepreneurship. Enhancing healthcare workforce readiness through unified digital platforms for training, licensing, and upskilling healthcare professionals. Speaking on this landmark collaboration, Eng. Mohammed bin Suhail Al-Madani, CEO of Classera, stated: 'We are honored to bring our global expertise in digital learning and training to support Syria and its people. We firmly believe that investing in human capital through advanced technologies is the fastest path to restoring Syria to its rightful place.' The agreements will also introduce Classera's expertise from over 40 countries into the Syrian market, including AI-powered learning management systems, digital training solutions, educational analytics, and intelligent learning technologies. As one of the world's leading EdTech companies and the largest in the Middle East, Classera operates in over 40 countries worldwide and has earned numerous international accolades, including: Microsoft Education Global Partner of the Year The BETT Award for Innovation The GESS Award for Educational Innovation In addition, Classera has attracted major investments from the Saudi Public Investment Fund (through its investment arm, Sanabil) and top Silicon Valley venture capital firms, reinforcing its position as a global pioneer in smart learning. For more about Classera and explore its educational solutions and innovative services, please visit its official website:
Arab News
24-07-2025
- Business
- Arab News
Saudi Arabia signs $6.4bn investment deals with Syria to boost reconstruction
RIYADH: Saudi Arabia has signed investment deals worth $6.4 billion with Syria, marking a significant step in the Kingdom's efforts to re-engage economically with the war-ravaged country and support its reconstruction drive. The agreements, spanning sectors such as real estate, telecommunications, and finance, were unveiled by Investment Minister Khalid Al-Falih during the Syrian-Saudi Investment Forum held in Damascus on July 25. The forum highlights Saudi Arabia's strong commitment to strengthening Syria's financial landscape. In April, the Kingdom joined Qatar in settling the country's $15 million debt to the World Bank. 'During this forum, we will witness the signing of 47 agreements and memoranda of understanding with a total value approaching SR24 billion ($6.4 billion), said Al-Falih. The deals include $1.07 billion in the telecommunications sector, with Syria's Ministry of Communications and several Saudi telecom companies aiming to deepen bilateral ties. Companies involved in the plans include Saudi Telecom Co., GO Telecom, digital security firm Elm, cybersecurity company Cipher, and education technology firm Classera. In the real estate and infrastructure sectors, deals worth $2.93 billion were announced, including the construction of three new Saudi-financed cement plants to support Syria's reconstruction efforts. The two nations also agreed to enhance cooperation in agriculture. 'In the agricultural sector, we look forward to collaborating in Syria to develop high-quality joint projects, including model farms and processing industries,' said Al-Falih. In finance, a memorandum of understanding was signed between the Saudi Tadawul Group and the Damascus Securities Exchange to boost cooperation in the fintech sector. Al-Falih also announced the formation of a Saudi-Syrian Business Council, which is expected to further strengthen trade and economic ties between the two countries. Speaking at a separate panel discussion during the forum, Al-Falih said Syria is evolving into a more investment-friendly destination, despite ongoing challenges. 'Syria is leaping forward as an investment-attractive country despite all challenges. Since the beginning of its new era, we have witnessed a genuine desire to provide investment opportunities for Saudi businessmen,' he added.
Arab News
14-04-2025
- Business
- Arab News
Saudi Venture Capital CEO highlights Kingdom's investments to boost innovation
RIYADH: A Saudi government backed venture capital firm has invested in over 50 funds in various sectors and stages, according to its CEO, underscoring the Kingdom's strong commitment to fostering innovation. On the second day of the Human Capabilities Initiative in Riyadh, Saudi Venture Capital's Nabeel Koshak emphasized the growing prominence of national startups. During a panel discussion titled 'Powering Venture Capital Investments to Turbo Boost Innovation in HCD,' Koshhak, said: 'Since inception, we invested in more than 56 funds, we are across multiple sectors, multiple stages.' He added: 'It's good to shed the light on the amazing entrepreneurs and startups being launched here in Saudi Arabia and now going global. And also the companies that are starting globally, originally, and also expanding in Saudi Arabia.' The CEO specifically commended Classera, a Saudi-born education tech company now operating in over 40 countries, calling it a 'learning super-platform' with 50 million global users. Also appearing on the panel, Dong-Su Kim, CEO of LG Technology Ventures in the US, shared insights into corporate venture strategies, saying: 'We invest in promising startups and then we help them get connected with the right people. In many cases, we advise our portfolio companies on how to work with a big company.' Kim also highlighted entrepreneurship as a critical tool for personal growth, adding: 'I think, for a young person to increase your capability, there's no better tool than starting your own companies.' Jonathan Ortmans, president of the Global Entrepreneurship Network, pointed to the evolving mindset of young entrepreneurs. 'What we're seeing now is startups coming from a younger generation who care about more than the return on investment,' he said. Ortmans also noted the massive reach of entrepreneurial initiatives, mentioning that his organization's Entrepreneurship World Cup attracted over 100,000 startups globally. Discussing the impact of artificial intelligence, Ortmans cautioned that while generative AI relies on past data, entrepreneurship thrives in uncertainty. 'One of the things I'm learning is that, clearly, there are some areas where AI will not be useful in the immediate future. One of those is in terms of entrepreneurs— they'll have to learn to operate in unpredictable, uncertain environments,' he said. He expressed optimism about the future of venture capital, stating: 'I think the venture community should be extremely excited because you're going to see some super innovative new ideas coming from a new generation of thinkers.' Ortmans also underscored the vital role of entrepreneurs in job creation, declaring: 'Entrepreneurs create almost all the net new jobs around the world.' The panel highlighted the dynamic interplay between venture capital, innovation, and human capability development, with the Kingdom emerging as a key player in the global startup ecosystem.
