Latest news with #SaeedGhanemAlSuwaidi
Zawya
18-03-2025
- Business
- Zawya
Sharjah's Ruwad approves funding for 4 new projects
SHARJAH - The Project Funding Committee of the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) has approved funding for four new small businesses with a total value of AED720,000. These approvals were based on the 32nd and 33rd meetings of the committee, held in January and March 2025, respectively. The meetings were chaired by Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department, with the participation of committee members Saeed Ghanem Al Suwaidi, Faisal Jassim Al Madfa, Fahad Al Khameri, Dr. Mudathir Abdullah, and Nora Al Zarooni. Also present were members of the technical project funding committee, including Nasser Abdullah Al Owais, Deputy Head of Project Study and Analysis; Rashid Sawaked, Project Development Consultant; and Hamda Khater, Head of the Financing Division at Ruwad. During these meetings, the committee reviewed new funding requests and approved financing for four entrepreneurial projects through the direct financing system. These projects span various sectors, including food businesses, beauty centres, cryotherapy, and entertainment services. Of the approved projects, two are owned by female entrepreneurs, while the other two are jointly owned by both men and women. Additionally, in its January meeting, the committee reviewed a report on funded projects in 2024, which totaled 13 projects that received financial approval. All approvals were granted through direct financing by the foundation, with total funding reaching AED2.86 million. Sharjah city accounted for 64% of the funded projects, with nine projects, while four projects (29%) were funded in the Eastern Region, and one project was supported in the Central Region. The distribution by gender showed that 10 projects were owned by male entrepreneurs, while 4 projects were led by female entrepreneurs. As part of its agenda, the committee also reviewed the foundation's accounts and financial budget, in addition to discussing several development proposals and making the necessary decisions regarding their implementation.
Sharjah 24
17-03-2025
- Business
- Sharjah 24
Ruwad approves funding for 4 new projects worth AED 720,000
Funding Decisions from Two Committee Meetings These approvals were based on the 32nd and 33rd meetings of the committee, held in January and March 2025, respectively. The meetings were chaired by His Excellency Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department, with the participation of committee members Saeed Ghanem Al Suwaidi, Faisal Jassim Al Madfa, Fahad Al Khameri, Dr. Mudathir Abdullah, and Nora Al Zarooni. Also present were members of the technical project funding committee, including Nasser Abdullah Al Owais, Deputy Head of Project Study and Analysis; Rashid Sawaked, Project Development Consultant; and Hamda Khater, Head of the Financing Division at Ruwad. Diverse Sectors and Gender Distribution During these meetings, the committee reviewed new funding requests and approved financing for four entrepreneurial projects through the direct financing system. These projects span various sectors, including food businesses, beauty centres, cryotherapy, and entertainment services. Of the approved projects, two are owned by female entrepreneurs, while the other two are jointly owned by both men and women. Funding Overview for 2024 Additionally, in its January meeting, the committee reviewed a report on funded projects in 2024, which totaled 13 projects that received financial approval. All approvals were granted through direct financing by the foundation, with total funding reaching AED 2.86 million. Sharjah city accounted for 64% of the funded projects, with nine projects, while four projects (29%) were funded in the Eastern Region, and one project was supported in the Central Region. The distribution by gender showed that 10 projects were owned by male entrepreneurs, while 4 projects were led by female entrepreneurs. Financial Review and Development Proposals As part of its agenda, the committee also reviewed the foundation's accounts and financial budget, in addition to discussing several development proposals and making the necessary decisions regarding their implementation.
Arabian Business
21-02-2025
- Business
- Arabian Business
Buying a yacht: Middle East marketplace launches with 100 vessels
A new Middle East online yacht marketplace has launched with around AED200m ($54.5m) of vessels already available. is the Middle East's first online marketplace for listing and marketing both new and pre-owned boats and luxury yachts for sale or rent. The platform currently features approximately 100 registered maritime vessels from leading global manufacturers, with a total value of AED200m ($54.5m). Buy a yacht in the Middle East It is set to expand its listings further to cater to sea enthusiasts and maritime adventure seekers. The digital platform was unveiled during the 2025 Dubai International Boat Show, where participated as an official partner. The launch event was attended by Saeed Ghanem Al Suwaidi, CEO of Mahmoud Itani, partner and CEO of the company, alongside senior investors, maritime industry leaders, marine sports enthusiasts, and media figures. Designed to serve individuals, brokers, boat dealers, maritime teams, and event organisers, the platform is tailored to meet the needs of the GCC's rapidly expanding maritime market. The UAE accounts for 50 per cent of the total yacht and marina market in the Arabian Gulf and the wider Middle East, positioning itself as a key destination for yacht owners worldwide. Significant investments in modern marina infrastructure and updated marine tourism regulations have reinforced the UAE's appeal, attracting a growing number of luxury yacht enthusiasts and industry players. The digital platform is powered by artificial intelligence technologies to streamline the listing, buying, selling, and renting of boats and yachts. The platform provides detailed and comprehensive information on luxury boats and yachts, covering everything from the manufacturer and technical specifications to advanced electronic systems, navigation devices, and the latest innovations in maritime design and construction. Saeed Ghanem Al Suwaidi stated that the launch of the digital platform represents a major leap forward in the Middle East's yacht and boat industry, unlocking new investment potential for yacht owners. He emphasised that, beyond luxury and leisure, yacht ownership is now a lucrative asset, with rental opportunities offering sustained financial returns. Al Suwaidi added that the platform provides global buyers with unparalleled access to an extensive selection of yachts from the world's top manufacturers. From compact models designed for fishing and family excursions to ultra-luxurious yachts tailored for high-end adventures, cruises, and exclusive marine events, the platform is set to redefine the maritime experience for both enthusiasts and industry professionals. The yacht and boat manufacturing and trading sector is experiencing rapid global growth. According to the Yacht Rental Market Analysis 2020-2027 report by Allied Market Research, the global yacht rental market is projected to grow at a compound annual rate of 15 per cent, reaching an estimated $28bn, nearly doubling from its 2015 valuation of $15bn.
Zawya
21-02-2025
- Business
- Zawya
YachtFinds unveils Middle East's first comprehensive platform for superyacht and boat sales
The online marketplace currently has around 100 vessels with a total value of AED 200 million Dubai, has launched the Middle East's first online marketplace for listing and marketing both new and pre-owned boats and luxury yachts for sale or rent. The platform currently features approximately 100 registered maritime vessels from leading global manufacturers, with a total value of AED 200 million. It is set to expand its listings further to cater to sea enthusiasts and maritime adventure seekers. The digital platform was unveiled during the 31st edition of the Dubai International Boat Show, where participated as an official partner. The launch event was attended by Saeed Ghanem Al Suwaidi, CEO of Mahmoud Itani, partner and CEO of the company, alongside senior investors, maritime industry leaders, marine sports enthusiasts, and media figures. Favoured destination Designed to serve individuals, brokers, boat dealers, maritime teams, and event organisers, the platform is tailored to meet the needs of the GCC's rapidly expanding maritime market. The UAE accounts for 50 per cent of the total yacht and marina market in the Arabian Gulf and the wider Middle East, positioning itself as a key destination for yacht owners worldwide. Significant investments in modern marina infrastructure and updated marine tourism regulations have reinforced the UAE's appeal, attracting a growing number of luxury yacht enthusiasts and industry players. Latest AI technology The digital platform is powered by cutting-edge artificial intelligence technologies to streamline the listing, buying, selling, and renting of boats and yachts, offering a seamless experience for maritime enthusiasts. Developed in collaboration with IR Yachts Consultancy and Innovation Box, the platform is designed to simplify maritime transactions through advanced digital solutions. Users can access sophisticated search tools tailored to their preferences, enabling them to find the ideal vessel with ease. The platform provides detailed and comprehensive information on luxury boats and yachts, covering everything from the manufacturer and technical specifications to advanced electronic systems, navigation devices, and the latest innovations in maritime design and construction. Qualitative leap Saeed Ghanem Al Suwaidi stated that the launch of the digital platform represents a major leap forward in the Middle East's yacht and boat industry, unlocking new investment potential for yacht owners. He emphasised that, beyond luxury and leisure, yacht ownership is now a lucrative asset, with rental opportunities offering sustained financial returns. Al Suwaidi added that the platform provides global buyers with unparalleled access to an extensive selection of yachts from the world's top manufacturers. From compact models designed for fishing and family excursions to ultra-luxurious yachts tailored for high-end adventures, cruises, and exclusive marine events, the platform is set to redefine the maritime experience for both enthusiasts and industry professionals. Regional and global expansion participation in the Dubai International Boat Show—one of the world's premier maritime exhibitions—reflects its commitment to expanding its presence and connecting with yacht owners and enthusiasts. The platform aims to attract boat and yacht owners looking to sell or rent their vessels, further strengthening its footprint in both regional and global markets. The yacht and boat manufacturing and trading sector is experiencing rapid global growth. According to the Yacht Rental Market Analysis 2020-2027 report by Allied Market Research, the global yacht rental market is projected to grow at a compound annual rate of 15 per cent, reaching an estimated $28 billion—nearly doubling from its 2015 valuation of $15 billion.
