Saudi Media Academy Launches Accelerator to Boost Saudi-Chinese Collaboration

Under the patronage of Minister of Media Salman bin Youssef Al-Dosari, the Saudi Ministry of Media, through the Saudi Media Academy, has launched the Media Business Accelerator. This initiative, developed in collaboration with eWTP Arabia Capital, Saudi Cloud Computing Company – Alibaba Cloud, and the Fujian Youth Federation, was unveiled during the Saudi-Chinese Media Entrepreneurs Forum. The forum coincided with the visit of the Secretary of the Fujian Provincial Party Committee and Chairman of the Standing Committee of the Fujian Provincial People’s Congress to Saudi Arabia.

Aims of the Media Business Accelerator

The Media Business Accelerator is designed to support media sector entrepreneurs by offering resources, guidance, and facilitating the exchange of expertise between Saudi Arabia and China. Dr. Abdullah bin Ahmed Al-Moghloth, Assistant Minister of Media, emphasized the importance of media in shaping the future under the leadership of King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman. He highlighted the initiative’s role in enhancing the media industry amid the global rise of technology.

Saudi-Chinese Media Cooperation

Dr. Al-Moghloth noted the strong historical, cultural, and civilizational ties between Saudi Arabia and China. He stressed the need to adapt to rapid technological changes through an integrated system, emphasizing the significance of this partnership in fostering joint projects, talent exchange, and knowledge transfer.

Jerry Li, Managing Partner of eWTP Arabia Capital, which facilitated the participation of 25 young Chinese entrepreneurs from Fujian, stated that the Chinese government supports bilateral cooperation with Saudi Arabia, particularly in the technology and media sectors. He highlighted Fujian’s crucial economic and trade connections with Saudi Arabia and its history of cultural and media innovation.

Li confirmed that eWTP Arabia Capital has been active in Saudi Arabia for the past six years, aligning with the Chinese Belt and Road Initiative and Saudi Vision 2030. The company remains committed to supporting and enhancing cooperation and exchanges between the two nations.

Source: EntArabi