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Saudi Reef Launches Rural Tourism Business Incubators to Promote Entrepreneurship

Saudi Reef Launches Rural Tourism Business Incubators to Promote Entrepreneurship
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Saudi Reef Launches Rural Tourism Business Incubators to Promote Entrepreneurship

Saudi Reef Launches Rural Tourism Business Incubators to Promote Entrepreneurship

The Sustainable Agricultural Rural Development Program (Saudi Reef) launched the "Rural Development" and "Rural Tourism" business incubators to foster entrepreneurship within Saudi Arabia's agricultural sector.

The initiative aims to boost the entrepreneurial ecosystem, particularly among small farmers and rural producers, by providing them with the tools and skills needed to develop their products and accelerate growth.

The effort aligns with the Kingdom's Vision 2030 goals, which seek to improve the standard of living and quality of life in rural areas.

Saudi Reef offers various forms of support to small farmers, entrepreneurs, and rural tourism operators. The business incubators focus on developing core entrepreneurial skills, such as strategic planning, business management, marketing, and finance.

Additionally, the initiative promotes the creation of innovative business models within the rural development sector.

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Honda and Nissan Reportedly Consider Mutual Production of Vehicles

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
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Honda and Nissan Reportedly Consider Mutual Production of Vehicles

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo

Honda and Nissan are considering producing vehicles in one another's factories as part of their plan to deepen ties and potentially merge, Japan's Kyodo news agency said on Saturday.
Honda will consider supplying hybrid vehicles to Nissan as part of the plan, the report said, without citing the source of the information.
A merger of Honda, Japan's second-largest car company, and Nissan, its third-largest, would create the world's third-largest auto group by vehicle sales, behind Toyota and Volkswagen, making 7.4 million vehicles a year, Reuters said.
The two automakers forged a strategic partnership in March to cooperate in electric vehicle development, but Nissan has faced financial and strategic troubles in recent months.
As announced, Honda, "Nissan and Mitsubishi Motors are in the process of bringing together our strengths and exploring potential forms of cooperation, but nothing has been decided yet,” a Honda spokesperson said, when asked about the report.
Nissan declined to comment, saying the details of the report were not based on a company announcement. Nissan is the top shareholder in Mitsubishi Motors.
Kyodo said Honda could use Nissan's car factory in Britain, as it now only has factories for engines and motorcycles in Europe.
The move comes amid concerns over how president-elect Donald Trump's policies may shake up manufacturing with his promises of protectionist trade policies, the report said.