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Royal Commission for AlUla, Monsha’at Partner to Unlock Region’s Economic Potential

FILE PHOTO: Visitors walk outside the tombs at the Madain Saleh antiquities site, AlUla, Saudi Arabia February 10, 2019. REUTERS/Stephen Kalin
FILE PHOTO: Visitors walk outside the tombs at the Madain Saleh antiquities site, AlUla, Saudi Arabia February 10, 2019. REUTERS/Stephen Kalin
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Royal Commission for AlUla, Monsha’at Partner to Unlock Region’s Economic Potential

FILE PHOTO: Visitors walk outside the tombs at the Madain Saleh antiquities site, AlUla, Saudi Arabia February 10, 2019. REUTERS/Stephen Kalin
FILE PHOTO: Visitors walk outside the tombs at the Madain Saleh antiquities site, AlUla, Saudi Arabia February 10, 2019. REUTERS/Stephen Kalin

The Royal Commission for AlUla (RCU) and the Saudi Arabian Government’s Small & Medium Sized Enterprises General Authority (Monsha’at) have signed an agreement that would benefit entrepreneurs and SMEs in the governorate.

“At the heart of the partnership is a plan to establish a new co-working space in AlUla where local SMEs and entrepreneurs can access support services to accelerate their growth, helping them succeed through the provision of knowledge and expertise and enhancing the entrepreneurial spirit to contribute to a sustainable, diversified economy in AlUla,” RCU said in a statement.

The agreement, signed by Amr AlMadani, RCU CEO, and Monsha’at Governor Saleh AlRasheed supports the region’s economic growth potential, including key industries such as tourism and agriculture, and reflects the Kingdom’s diversification as part of Vision 2030.

“Once developed, the incubator will facilitate access to established services, including the SME’s Governmental Registration, and support unique investment opportunities within AlUla. It will also bring access to Monsha’at’s services to AlUla,” said the statement.

“This collaboration with Monsha’at enhances AlUla’s economic diversity, building on AlUla’s vision and empowering local entrepreneurs and SMEs within a vibrant society: not only to harvest the benefits of the region’s development, but to be drivers of its transformation,” it quoted AlMadani as saying.

As for AlRasheed, he said the new agreement brings Monsha’at’s expertise and programs in SME incubation together with the extraordinary economic opportunities emerging in AlUla.

“With RCU, we will work to bring global practices in SME support to AlUla,” he added.

According to AlMadani, the SME incubation center aims to become a “Launchpad” for local entrepreneurs to unleash their energy, creativity and synergy to drive AlUla’s development.

This is the most recent in a series of initiatives to create new educational, professional, and developmental opportunities for locals to help them reach their full potential and maximize their contribution as members of the local community.

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Octogenarian Skateboarder Shreds Concrete in Spain’s Bilbao 

Skateboarder Juanjo Urbizu, 88, rides his skateboard in a bowl at the Etxebarria Skatepark in Bilbao, Spain, January 31, 2024. (Reuters)
Skateboarder Juanjo Urbizu, 88, rides his skateboard in a bowl at the Etxebarria Skatepark in Bilbao, Spain, January 31, 2024. (Reuters)
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Octogenarian Skateboarder Shreds Concrete in Spain’s Bilbao 

Skateboarder Juanjo Urbizu, 88, rides his skateboard in a bowl at the Etxebarria Skatepark in Bilbao, Spain, January 31, 2024. (Reuters)
Skateboarder Juanjo Urbizu, 88, rides his skateboard in a bowl at the Etxebarria Skatepark in Bilbao, Spain, January 31, 2024. (Reuters)

Grinning mischievously, Juanjo Urbizu dons a baseball cap, tucks his T-shirt neatly into his sweatpants and adjusts the velcro straps on his elbow pads before positioning his skateboard on the bowl's edge, ready for the "drop".

Other skaters, dressed in baggy streetwear, crane their necks while the sun casts long shadows over the graffiti-covered concrete.

Urbizu's attempt at a gnarly trick draws stares because the athlete is a sight to behold, wheeling around the unassuming skate park in northern Spain having just turned 88.

For the cheerful octogenarian, each skating session begins by carefully clearing the square bowl of pebbles to guarantee a smooth ride.

"My bones are special," he chuckles in Bilbao's working-class neighborhood of Begona. "Though I touch wood."

In a rapidly ageing country, where more than half the population is over 44, the demographic shift is increasingly becoming a topic of national debate. Economists fret over the welfare state's sustainability when government data shows there are 137 people aged 64 and older for every 100 under 16.

But Spain's generally warm climate is conducive to outdoor activities and studies have proven the importance of physical exercise in bettering the quality of life and reducing the risk of disease for the elderly.

Urbizu took up skateboarding aged 70, partly because it was cheaper than his beloved snow sports. He finds the extreme sport more than just a way to stay fit, also offering an escape from monotony.

"By breaking the routine, you bring something new to everyday life, and that gives you a sense of rest," he argues.

For other people his age considering taking up skateboarding, he advises do it little by little.

"Falls here are truly bad, much worse than in the snow. Anyone who does something like this should wear full protection."