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SaudiCon Business

Proposal
Establishing a history to be proud of and a future to believe in

Executive Summary

SaudiCon is a state-of-the-art network and business forum that aims to cultivate, supplement, and
connect fresh Saudi international graduates and degree seeking students from American
universities with economic entrepreneurs. An American research expert from Florida, USA Bilal
Mustafa, coined the name SaudiCon, which translates to Saudi-Connect.

Saudi-Connect is designed to support the kingdoms trajectory of its Vision 2030. SaudiCons
Mission is to connect economic entrepreneurs to further optimize the Kingdoms development of
industrial, educational, and universal growth experiences. We deliver on our mission by striving
to create an environment that is accessible to the Saudi work force. SaudiCons endeavor is at the
forefront when it comes to its networking methods and modern educational environments. We
create, develop, and promote individuals where others wont, so tomorrow they can do what
others can.

SaudiCon is suited to deliver preeminent LinkedIn-style networking events, educational


programs including workshops on professional development, leadership and business, and Ted-
style events. With your support and investment, SaudiCon has the potential to be the new leading
business, education, and networking service establishment for the Kingdom. Saudization would
be fulfilled under the auspices of Saudi-Connect. The success for higher participation rate among
the classes of Saudi men and women would uniquely be achieved. Under his Royal Highness,
King Salman, and his honorable constituents, Saudi-Connect is the business, education, and
network service provider that meets the needs of todays Saudi economic environment.

Project Requestors

Al-Hassan M. Yusuf
Education & Marketing Consultant
English Teacher
hassanmyusuf@gmail.com
KSA +966 56 503 0010
USA+1 (816) 7268095

Yousra Alshanqiti
Ph.D. student of Law at Fordham University
Legal Adviser
Yousra.shanqiti@gmail.com
USA +1 (202) 3524817
KSA +966 50 533 3816

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Project Deliverables

To achieve the ambitious goals of the Kingdoms Vision 2030, invigorating job growth by
connecting Saudi professionals and entrepreneurs with fresh international alumnis

To deliver linked-in style workshops and seminars, and TED style presentations that would
exclusively support and ensure a successful delivery of the Kingdoms economic and fiscal
Vision of Saudization and the advancement of women participation.

To establish sustained networking forums that would provide mediums for professional
collaboration to international Saudi alumnis from American institutions.

To establish sustained networking forums that would provide mediums for professional
collaboration to local degree seeking students and fresh graduates from local institutions

To pioneer the Visions initiatives for qualitative participation through our operative
networking pool of international Saudi men and women alumnus.

To support leading Saudi professionals and entrepreneurs that are seeking distinct and
competent Saudi nationals.

To facilitate the royal strategic vision of Saudization by creating opportunities through our
networking pools, programs, forums and events.

Vision 2030
Kingdom of Saudi Arabia Goals

Create Opportunities
To increase womens participation in the workforce from 22% to 30%
To lower the rate of unemployment from 11.6% to 7%

Increase domestic spending


To increase household spending on cultural and entertainment activities inside the
Kingdom from the current level of 2.9% to 6%

Build long-term investment potential


To increase the Public Investment Funds assets, from SAR 600 billion to over 7 trillion

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Assessment for Project Reason

Low participation of Saudi Females in the work force

Limited skills and qualifications of Local workers quote source mentioning this as a problem

Skills gap

Network and development gap

Looking forward, the number of women employed in Saudi Arabia has increased by 48% since
2010, according to the country's Central Department of Statistics and Information and
highlighted by Bloomberg.

In spite of Saudi Arabia achieving a near perfect equality score of 0.9 (out of 1) for educational
achievement by both sexes, it fell to 0.27 for labor force participation, according to the World
Economic Forums Gender Gap Index for 2015.

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Statistical Figures for Statement of Need

Une mployme nt Pe rce ntage of


Saudi Me n and Wome n in the Kingdom

Men Women 657,936

36%

64%

Oxford Business Group, (2016). The


Report, Saudi Arabia 2016. Skills gap. [online] Oxford Business Group, Bloomberg Research, p.333. Available at:
http://www.oxfordbusinessgroup.com/saudi-arabia-2016 [Accessed 1 Jan. 2017].

657,936 represent the total number of individuals 36 %


of whom were male and 64% female
51% of men and women graduating students are unemployed

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Pe rce ntage of Labor Make t Participation

16%
Women
Men

84%

Anon, (2016). Saudi Labor Market Update


- Q3 2016. [online] Available at: http://sustg.com/wp-content/uploads/2016/12/Saudi-labor-market-update-1.pdf
[Accessed 3 Dec. 2016].

Women only make up about 16% of the Saudi workforce in total

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Oxford Business Group,


(2016). The Report, Saudi
Arabia 2016. [online]
Oxford Business Group,
Bloomberg Research,
p.331. Available at:
http://www.oxfordbusiness
group.com/saudi-arabia-
2016 [Accessed 1 Jan.
2017].

Education Population Percentage of Saudi Students Enrolled in Universities in the Kingdom

Male; 47%
Female; 53%

34 universities total reported in 2016


692,673 Saudi women represent the 53% of total student body
Women receive 39% of all masters degrees and 27% of all doctorates

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Education Population Percentage of Saudi Students Enrolled in Training Institutes in the Kingdom
Men Women

45%
55%

Oxford Business Group. (2016).


Expanding the role of the private sector in Saudi Arabia's education and training sector. [online] Available at:
https://www.oxfordbusinessgroup.com/overview/time-change-focus-beginning-shift-towards-expanding-role-
private-sector-developing-education [Accessed 3 Jan. 2017].

1,032 training institutes total reported in 2014/2015


128,098 Saudi males receiving training as of 2016
58,015 Saudi females receiving training as of 2016

Cost Summary:
(Indicate what expenses will be associated with this project as well as the sources for the
funding. Provide the most accurate estimates that we can.)

Revenue Proliferation Chart

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Nearly 60,000 Saudis enrolled in American Universities, and Saudis are the 4th largest group of
foreign students in the United States behind students from China, India, and South Korea.
(Institute of International Education)

In 2014 12,500 Saudis graduated from American Universities. 5,669 were women.
Among the graduates, 5,117 received bachelor degrees and 5,062 received masters degrees.

In 2015, statistics show that there were 125,513 male and female Saudi students on scholarships.
Break down
57,303 males on scholarships
17,902 females on scholarships
9,504 men and women studying at their own expense

Retainer Package 1: Alumni of American Universities, Student Interns, and Potential


Employer Membership
Target: University Alumnis, Student Interns, & Potential Employers
1 Time Fee 500 riyals (life-time membership)
Year 1 Fiscal Plan
Target 5,000 members
Sell network membership package at 500 riyals
500 x 5,000 = 2,500,000 riyals two million five hundred thousand riyals, equivalent to $666,600
2.5 million x 2 years = 5m riyals

Retainer Package 2: Networking Seminars (nws) and Workshops.


Target: SaudiCon registered Members
Event Fee: 500
Recruiter Event Fee: 1,000

Year 1 Fiscal Plan Estimate Per-event


1) Employment Networking Seminar 1
2) Employment Networking Seminar 2
Event 1- winter session
500 non-employer members (event fee 500)
25 recruiters (event fee 1,000)

500 x 500 =250,000 riyals, equivalent to $65,000


25 x 1,000 = 25,000 riyals, equivalent to $6,500
Total: 71,500 riyals, equivalent to $20,000

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Event 2- Summer session


Capacity- 500 students and alumnus (event fee 500)
25 recruiters (event fee 1,000)

500 x 500 =250,000 riyals, equivalent to $65,000


25 x 1,000 = 25,000 riyals, equivalent to $6,500
Total: 71,500 riyals, equivalent to $20,000

NWS with Recruitment Event Fiscal Year Revenue excluding taxes


71,500 x 2 = 143,000 riyals, equivalent to $40,000

143,000 x 2 years = 286,000 riyals

Retainer Package 3: Onsite Networking Seminars and Workshops at Saudi Universities

Year 1 goal 4 universities


Target university students
Capacity - 200
Tax- 200 riyals
200 x 200 = 40,000 riyals (year 1)

Year 2 goal 4 universities


Target university students
Capacity - 200
Tax- 200 riyals
200 x 200 = 40,000 riyals (year 2)

40,000 x 2 years = 80,000 riyals

Total revenue excluding governmental and other related taxes


After year 1 = 2,683,000 (2.6million) riyals
$715,371 dollars
After 2 years = 5,366,000 (5.3million) riyals
$1.4 million dollars

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf
SaudiCon Business
Proposal
Establishing a history to be proud of and a future to believe in

Project: As of Date:
Saudi-Connect January 1, 2017
Saudi Entrepreneur Network

Project Directors Project Project Page:


Yousra Alshanqiti 1 of
Mr. Al-Hassan Yusuf