This partnership is the first in the Kuwaiti banking sector
Kuwait: Kuwait Finance House (KFH) has signed a strategic partnership agreement to sponsor the Entrepreneur platform for Kuwait with “Entrepreneur Middle East” published by Entrepreneur Magazine which specializes in business entrepreneurship and young people’s initiatives
The platform aims to publish new local youth initiatives and to highlight the successes of the Kuwait youths in enhancing the idea of entrepreneurship and initiatives. It also offers the “Innovators in Focus program which includes interviews and articles targeting Kuwaiti initiators and introducing their ideas, projects and future aspirations.
Executive Manager Group Public Relations and Media at KFH, Yousef Abdullah Al-Ruwaieh said: “This partnership is the first of its kind in the Kuwaiti banking sector and it comes in the context of KFH’s social responsibility and its keenness to support Kuwaiti youths, their creative ideas, initiatives and projects.”
He added that KFH’s support of initiators and entrepreneurs reflects the private sector role in encouraging Kuwait youths and employing their talents as part of the state’s economic diversification drive. He called for the youth initiatives to be highly recognized by all relevant parties in Kuwait.
Al-Ruwaieh pointed out that the platform publishes weekly interviews and articles on Kuwaiti youth’s initiatives. He added that it is an important opportunity to broaden the role of the youths and their innovative projects, as part of the empowerment plan of Kuwaiti youths, by encouraging, supporting and embracing their projects and increasing their contributions in line with the strengthening of Kuwait economy and transforming the country into a local and international financial and commercial hub.
Al-Ruwaieh revealed that, in cooperation with Entrepreneur Magazine, an award will be instated to encourage initiators to develop their projects and ideas and in accordance with professional and methodical standards which would be used as criteria to determine their eligibility to the award.
He pointed out that KFH is a leading institution with a rich tradition of embracing creative ideas and initiatives which would contribute to the empowerment of Kuwait youths and boost the private sector role in developing the national economy. He emphasized KFH’s role as a leader in supporting and nurturing Kuwaiti youths to achieve these initiatives.
A Pioneering partnership
Wissam Younane, CEO of BNC, publisher of Entrepreneur Middle East Magazine said: “This is a pioneering partnership in the region that brings together one of the outstanding banking institutions in the Middle East and our unique e-publishing platform as a specialized entrepreneur magazine in the region.
He noted the significance of the partnership with KFH and expressed the hope of providing vital service to the Kuwaiti youths through this outstanding partnership linking funding and consultation as major factors in the success of business entrepreneurship.
He added: “As a platform specialized in entrepreneurship and in possession of experience and reach, we will highlight the pioneering experiences of the Kuwait youths and endeavor to provide them with the widest reach. We will also publicize Kuwaiti youth’s entrepreneurial experiences on our social media which enjoy vast following. Being a magazine that represents the most important mother brand in entrepreneurship, we will also launch in cooperation with KFH world class awards for startup ideas and businesses in Kuwait, support them with special forums and conferences to bring together leading companies and experienced businessmen on the one hand, and the youth generation who aspire to realize pioneering ideas and seek to achieve wide reach and take their ideas and businesses to the world, on the other.”
© Press Release 2019