Saudi Gazette report

RIYADH — The Prince Mohammed Bin Salman (Misk) Foundation and NEOM Project signed a Memorandum of Understanding (MoU) on the sideline of Misk Global Forum here on Thursday.

The two-day Forum, which is an annual event designed to bring young leaders, creators and thinkers together with established global innovators to explore, experience and experiment with ways to meet the challenge of change, concluded on Thursday.

The MoU was signed by Chairman of Misk Initiatives Center Bader Al-Assaker and Chief Executive Officer of NEOM Nadhmi Al-Nasr. Under the MoU, which will be in effect for three years, both parties are entitled to provide internship opportunities and a joint-training program targeting talented Saudis using Misk’s platforms and will initiate crowdsourcing programs for creating solutions to be implemented in future cities within NEOM.

As part of its effort seeking solutions for humanity’s future challenges, NEOM has identified 16 economic sectors that will create a sustainable economy. These sectors will not only create job opportunities but also unlock human innovation and creativity at all levels.

The 16 sectors are the future of energy, future of water, future of mobility, future of biotech, future of food, future of manufacturing, future of media, future of entertainment, culture and fashion, future of technological and digital sciences, future of tourism, future of sport, future of design and construction, future of services, future of health and well-being, future of education, and the future of livability as the foundation of all sectors.

Meanwhile, Misk Foundation announced plans to hold Entrepreneurship World Cup as its latest initiative to develop a largest group of next-generation entrepreneurs in the world.

This competition would be conducted, in collaboration with the Global Entrepreneurship Network (GEN), aiming to support more than 100,000 organizations and emerging companies every year.