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Vision 2030 creates foundations for success, Saudi investment guru says
Vision 2030 creates foundations for success, Saudi investment guru says

Arab News

time29-04-2025

  • Business
  • Arab News

Vision 2030 creates foundations for success, Saudi investment guru says

RIYADH: Saudi Vision 2030 has created an environment in which people can build successful companies, a leading Saudi investment entrepreneur said. Speaking during an episode of 'The Majlis' podcast, produced in collaboration with Arab News, Sultan Ghaznawi, chairman and managing director of Scene Holding, talked about his lifelong passion for building businesses. 'From a young age I was fascinated with the concept of creating value or exchanging value in return,' he said. 'I remember in fourth grade I used to make prayer beads. The first time I sold them in a family gathering, I made SR30 ($8). On the same day I went to the supermarket and I had the absolute freedom of deciding what to buy. That feeling ignited something inside me.' But it was in high school, with the encouragement of his older brother, that he realized he was destined to become a businessman. 'He gave me a curiosity to find a purpose in life,' Ghaznawi said. Soon after, he created his first company, a creative agency that later became Backyard Symphony. On the early days of the business, he said: 'There was no General Entertainment Authority. Every summer there was an annual festival that happened and for decades there were three or four companies that dominated that bid. 'So we did the joint venture, developing content and integrating emerging tech with it. At that time, 3D projection mapping and holograms and augmented reality. 'It was revolutionary technology back in 2014. We were responsible for the event management, the business development, the financing and the experiential performances.' This early success gave him the confidence to start several other businesses. Speaking about Crown Prince Mohammed bin Salman and Saudi Vision 2030, Ghaznawi said: 'He gave us the vision, fostering a vibrant environment, making the policy shift economic and political.' Entities like the General Entertainment Authority and new sectors created opportunities, he said. 'Whether it was accelerator programs, incubators, angel investor networks, venture capital, enablement programs … the government, the customers unlocked new sectors, new types of SMEs to come to the market. And international companies showed interest in the Saudi market.' Another of Ghaznawi's ventures, Vibes Offices, develops and operates co-working spaces to foster entrepreneurial growth. 'The Vibes became my school of entrepreneurship because every day I meet new startups, new founders across multiple sectors,' he said. 'As the trends of each sector grow, you see startups that grow and scale.' According to Ghaznawi, building a successful business needs great technology, the right team and great timing. 'Somebody once told me a business is like a ship. You either adjust the sail or change the vessel or abandon the ship before it sinks. So you pivot. If the market is changing but you have a good foundation and you can change your strategy to adapt, you emerge.' On the future of AI, he said: 'I think it's going to be extremely interesting to see the intersection of AI-based economies and government management with venture building.'

The majlis at DWTC returns, creating unforgettable Ramadan experiences
The majlis at DWTC returns, creating unforgettable Ramadan experiences

Khaleej Times

time13-02-2025

  • Entertainment
  • Khaleej Times

The majlis at DWTC returns, creating unforgettable Ramadan experiences

The Majlis at Dubai World Trade Centre (DWTC), one of Dubai's most cherished Ramadan destinations, invites guests to embrace the spirit of Ramadan, as the venue opens its doors on Thursday March 6, 2025. Running through until Eid Al Fitr, The Majlis welcomes Dubai residents and visitors to enjoy unforgettable Iftar and Suhoor dining experiences during this special season of tradition, reflection and connection. Located in the heart of Dubai, The Majlis at DWTC has long-been the city's go-to destination for a memorable Ramadan gathering. Whether breaking fast with family or enjoying a leisurely Suhoor with friends or colleagues, guests can expect a harmonious blend of tradition and modernity, making every visit a truly special Ramadan occasion. A Culinary Celebration of Ramadan With a menu curated by DWTC's award-winning chefs, guests will embark on a culinary journey that celebrates the best of Middle Eastern heritage while incorporating international flair. Must-Try Delicacies: · Iftar: Enjoy a lavish spread featuring traditional Emirati and Middle Eastern classics along with an Oriental inspired corner, and an Indian inspired corner. · Suhoor: Unwind with exclusive shisha specials, captivating Instagram-worthy décor, and a delicious à la carte menu, complemented by the rich flavours of authentic Emirati coffee. · Indulge in Ramadan's sweetest offerings, including Khaleeji favourite luqaimat (date syrup-drizzled dumplings) and The Majlis' signature date pudding. A setting designed for connection and comfort Step into an opulent yet inviting space, adorned with traditional décor that reflects the essence of Ramadan. Whether enjoying Iftar or Suhoor, guests will be immersed in an ambiance of warmth, enriched by soft oriental melodies from live oud players every evening. Reservations, Timings & Prices Iftar: Served from Iftar to 8:30PM · Adults: Dh235 per person · Kids, aged 6 to 12 years: Dh115 · Kids, below 6 years: Free Suhoor: From 9:00PM to 3:00AM · Minimum spend per person: Dh160 (excluding shisha) Group & VIP Bookings: Comfortable sofa setups available for groups of 8+. Guests can also book a private Majlis and VIP Majlis. Advance reservations are required. Complimentary Parking: Available at the Exhibition Street Multi-Story parking. This year, The Majlis continues its commitment to giving back, and marks The Year of Community, by renewing its partnership with the Tarahum Charity Foundation and UAE Food Bank. The Majlis will once again donate meals to those in need, contributing to the UAE's initiatives in reducing food waste and fostering community spirit during the Holy Month of Ramadan.

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