02/07/2015 03:56 AST

Sir Martin Sorrell, CEO of WPP, has entered into a strategic collaboration with King Abdullah Economic City. The marketing and communications giant was in Saudi Arabia this week to mark the start of a period of working together on key projects, including the development of The Brand Academy@KAEC. KAEC is establishing itself as a growing center of learning and youth professional empowerment in the Kingdom, and Sorrell brings with him a wealth of instrumental related experience.

As the keynote speaker in the KAEC Time Forum held in Riyadh, Sorrell highlighted the growth in marketing and communications in Saudi Arabia and the Gulf region, drawing attention to the exceptionally high levels of digital usage and related opportunity. Sorrell, speaking to an exclusive audience of the country’s top CEOs and CMOs, explained how Saudi Arabia through developments such as King Abdullah Economic City is now positioned to sit at the forefront of economic growth in the region, supported by a highly efficient infrastructure and a progressive approach to digital media. Sorrell, speaking on the opportunities ahead, said, “Saudi Arabia sees unparalleled levels of interaction on social media in the region, coupled by one of the youngest demographics globally. The opportunity to invest in talent development, content marketing, and engagement communication solutions is timely more than ever before.”

Focusing on encouraging growth for young Saudis in this sector, KAEC and Sorrell announced two key projects. The first is an annual fellowship for the Top Ten Saudi Talents. In line with KAEC’s mission to drive social economic development in through its global programs, this competition will place winners on assignments across Europe, Singapore and North America. The second is The Brand Academy@KAEC, where WPP will develop a curriculum and train staff, and KAEC will operate the state-of-the-art building and facilities. Fahd ?Al-Rasheed, Group CEO and Managing Director of KAEC, said “the aim is to develop 1000 trained talents for the Saudi Market before 2020. We are focused on bringing the best of Saudi Arabia through its people.”

Fahd Hamidaddin, CMO of KAEC, reiterated this vision. “We recognize the need in the market and the aspiration for global growth of Saudi brands. Our aim is to fill the gap and fuel maximum growth through local talent. WPP’s enormous growth in the industry is key evidence of their position to be our ideal partner in this venture.”


Saudi Gazette

Ticker Price Volume
SABIC 114.77 5,915,941
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula