Ministry of Hajj and Umrah Allows All Types of Visas to Perform "Umrah" for Those Coming to Saudi Arabia    Weather Forecast for Saturday    13 Dead, 6 Missing in Heavy Rains in South Korea    WHO plans to rename monkeypox over stigmatization concerns    US Stock Market Closes Higher    In implementation of HRH Crown Prince's Directive, Assistant Minister of Defense for Executive Affairs visits Southern Region    Global Markets    Saudi Arabia delivers medical equipment to Ukrainian refugees in Poland    Children with disabilities disproportionately impacted by war in Ukraine    Benzema, Courtois, De Bruyne on shortlist for UEFA award    Barcelona sells more assets as it hopes to register players    ZATCA thwarts smuggling attempt of narcotic pills hidden in a garment and toys shipment    UN chief appeals for end to military activities at Ukraine nuclear plant    Saudi Arabia issues 90 industrial licenses in June    Donald Trump does not oppose US bid to unseal Mar-a-Lago search warrant    We're not in a hurry to win medals, says CEO of Saudi training center Konya 2022    US actress Anne Heche not expected to survive, says family    Saudi Press: Saudi Arabia Focuses on Crystallizing Visions About Prospects and Challenges of Future Economy    Sate Security warns against donating to unknown foreign entities Terror financing    Saudi Arabia allows holders of tourist, commercial visas to perform Umrah People from 49 countries are eligible for visas on arrival    SAMA announces launch of POS service between Saudi Arabia and Qatar    Ka'aba door bears witness to Saudi rulers' care for the House of God Kaaba' door, repentance' door contain more than 280 KG of pure gold    Ma'aden Delivers Record Q2 2022 Performance    Autohub celebrates 4 years of becoming a leading multi-brand auto care provider    UN trade body calls for halting cryptocurrency rise in developing countries    Buraidah Dates Market Records High sales Figures    Bahrain Two Main Indexes End Trading with Different Directions    Saudi Electricity Company Secures SAR 13.4 Billion Financing Facilities to Finance Long-term Growth, Saudi Arabia-Egypt Electricity Interconnection Project    Saudi Arabia to host Arab Radio & TV Festival in November    Saudi National Beach Soccer Team Arrives in Morocco to Participate in Casablanca Beach Soccer Cup 2022    How Aamir Khan adapted Forrest Gump to Bollywood Laal Singh Chaddha    WHO calls for optimizing brain health to benefit people and society    More breathing devices needed for premature babies born in Ukraine    'Rise of the Witches': Biggest series to be ever made in Saudi Arabia    Victory becomes the sweetest for Al-Marzouki with a warm touch of motherly affection    Saudi team for Special Olympics Unified Football wins gold medal of World Cup    Egyptian U20 Football National Team Beats Algerian Counterpart to Qualify for 2022 U-20 Arab Cup Final Match    Saudi Arabia to Participate in the 5th Islamic Solidarity Games in Turkiye    Association of Culture and Arts in Dammam Announces Winners of "International Video Art Forum"    Slaughterhouses of MEWA received more than 600,000 sacrifices in 3 days of Eid    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    MoH Activates Sign Language to Communicate with Pilgrims with Deafness or Muteness During Hajj    Sheikh Al-Issa at Arafat sermon: Values of Islam foster harmony; eschew hatred and division    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Red Sea Fund Opens Its Third Cycle for Production Funding    SFDA Warns Against Herbal Product "Montalin Jamu" Due to Containing Active Medicinal Ingredients    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

DCO launches startup passport to support entrepreneurs
Published in The Saudi Gazette on 02 - 02 - 2022

The Digital Cooperation Organization (DCO), a multinational organization established to enable digital prosperity for all by accelerating the inclusive growth of the digital economy, has announced the launch of the DCO Startup Passport to make it quicker, easier and less expensive for startups to do business across borders, opening up potentially lucrative markets with a combined population of more than half a billion people and a combined GDP of nearly USD 2 trillion.
The DCO Startup Passport was launched at LEAP, a global event for future technologies being held in Riyadh, Saudi Arabia, from February 1 to 3 and attended by leading technology corporations, global start-up pioneers and venture capitalists.
Despite significant potential global demand for their solutions, startups face legal, financial and administrative hurdles to expanding their businesses across borders, with startups citing more than a year of administrative processes solely to navigate the regulatory processes associated with expanding their offering globally. This is a major challenge for global economic and societal development, with the World Bank citing that startups and SMEs represent 90 percent of businesses globally and generate seven out of ten jobs in emerging economies.
The Startup Passport addresses these challenges by reducing administrative and financial burdens and accelerating corporate registration and other processes for entrepreneurs in one DCO member state to enter the markets of other DCO member states. The passport provides expedited entry and support in the markets of eight DCO countries in the Middle East, Southeast Asia and Africa. The initiative will be rolled out initially in Saudi Arabia, and Nigeria.
Commenting on the Startup Passport, DCO Secretary-General Deemah AlYahya said: "Startups are driving forward growth and prosperity for the world, and solving the global problems of tomorrow. If entrepreneurs are strangled by bureaucracy, we will all struggle. Countries must work together to offer more integrated and seamless digital regulations for our startups and entrepreneurs.
"The DCO Startup Passport is an important step in creating the borderless environment entrepreneurs need to prosper, enabling business growth and job opportunities for members. We commend the countries that are piloting the initiative and look forward to the DCO Startup Passport expanding its reach and services in the coming years."
The announcement was attended by DCO member state Ministers: Minister of Digital Economy and Entrepreneurship of the Hashemite Kingdom of Jordan Ahmad Hanandeh; Minister of Communications and Digital Economy of Federal Republic of Nigeria Prof. Isa Ali Ibrahim; and Minister of Transportation and Telecommunications of the Kingdom of Bahrain Eng. Kamal bin Ahmed Mohammed. — SPA

Clic here to read the story from its source.