Gulf Bank gold spon­sor of 2nd Fikra Pro­gram Trans­form­ing ideas into busi­ness projects

Kuwait Times - - FROM THE ARABIC PRESS -

Gulf Bank an­nounced its gold spon­sor­ship of Fikra Pro­gram in a press con­fer­ence held to launch the sec­ond edi­tion of this pro­gram that em­pow­ers a new gen­er­a­tion of en­trepreneurs to de­velop suc­cess­ful busi­nesses. The press con­fer­ence, which was or­ga­nized by Cu­bi­cle Ser­vices, took place on Tues­day 6 De­cem­ber 2016, at Al-Hamra Tow­erEx­hi­bi­tion Hall, in Kuwait City.

Hav­ing strate­gi­cally part­nered with the Min­istry of State for Youth Af­fairs, Fikra Pro­gram or­ga­niz­ers along with the spon­sors con­firmed that the dead­line for en­trepreneurs to sub­mit their projects and ideas is Jan­uary 1 2017.

Ab­dul­rah­man Al-Fawaz, CEO of Cu­bi­cle Ser­vices ad­dressed the busi­ness in­cu­ba­tors by ex­plain­ing that Fikra Pro­gram for busi­ness de­vel­op­ment is be­ing launched in its sec­ond edi­tion af­ter ac­com­plish­ing a great suc­cess last year. Fawaz said: “The pro­gram seeks to en­cour­age young Kuwaitis to turn their busi­ness ideas from mere thoughts into busi­ness plans and im­ple­men­ta­tions, by ap­ply­ing the high­est stan­dards of de­vel­op­ment and train­ing be­fore pre­sent­ing their projects to po­ten­tial in­vestors.”

“Fikra Pro­gram em­bod­ies the spirit of co­op­er­a­tion be­tween all in­sti­tu­tions in­volved in the youth and SMEs whether these in­sti­tu­tions are from the pri­vate or pub­lic sec­tor. The in­cu­ba­tors’ busi­ness ac­tiv­i­ties are part of an ecosys­tem where spon­sors of Fikra Pro­gram are play­ing a piv­otal role in con­tribut­ing to the pro­mo­tion and de­vel­op­ment of SMEs.”

Esra Al-Habib, Gulf Bank’s Ex­ter­nal Com­mu­ni­ca­tions Man­ager also made a state­ment high­light­ing the im­por­tance of sup­port­ing young en­trepreneurs and said: “Gulf Bank is proud to be the gold spon­sor of Fikra Pro­gram in its sec­ond edi­tion and we are pleased to in­cor­po­rate it as part of our so­cial re­spon­si­bil­ity plan. In fact, Gulf Bank is strongly com­mit­ted to giv­ing back to Kuwait as it sup­ports nu­mer­ous events and ini­tia­tives fo­cus­ing on youth, ed­u­ca­tion, health and fit­ness, help­ing the un­der­priv­i­leged, women’s em­pow­er­ment, as well as pro­mot­ing Kuwait’s her­itage and cul­ture.”

Habib added: “We be­lieve in the high po­ten­tial of the youth in Kuwait, we are fond of sup­port­ing their in­no­va­tive ideas and projects. We are here to spon­sor Fikra Pro­gram in or­der con­trib­ute in turn­ing youth’s dreams into re­al­ity which will even­tu­ally cre­ate new em­ploy­ment op­por­tu­ni­ties, and en­hance our econ­omy by di­ver­si­fy­ing it.”

The main goal of Fikra Pro­gram is to em­power a new gen­er­a­tion of en­trepreneurs to de­velop suc­cess­ful busi­nesses and ad­vance the lo­cal Kuwaiti mar­ket. It is an in­ten­sive en­trepreneur­ship train­ing that pro­vides as­pir­ing en­trepreneurs with the tech­ni­cal skills and busi­ness knowl­edge needed to launch their own busi­nesses such as lead­er­ship skills, com­pre­hen­sive busi­ness plan, in­vest­ment op­por­tu­ni­ties and oth­ers. The first edi­tion of the pro­gram re­sulted in es­tab­lish­ing 33 per­cent of busi­nesses, while 44 per­cent are still in the ne­go­ti­a­tion phase with in­vestors.

For more in­for­ma­tion on Gulf Bank, please visit one of Gulf Bank’s 56 branches, call the Cus­tomer Con­tact Cen­ter on 1805805, log on to www.e-gulf­, Gulf Bank’s bilin­gual web­site, or visit its so­cial me­dia chan­nels.

Group pic­ture for the spon­sors of Fikra Pro­gram.

Esra Al-Habib at­tends the Fikra event.

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