On August 4, 2024, the Media Business Accelerator was inaugurated in Riyadh, working with Alibaba Cloud, eWTP Arabia Capital, the Saudi Cloud Computing Company (SCCC), and the Fujian Youth Federation. The accelerator program's objectives are to assist media industry entrepreneurs by offering resources, guidance, and the opportunity for Saudi Arabia and China to exchange expertise. The Chairman of the Standing Committee of the Fujian Provincial People's Congress and the Secretary of the Fujian Provincial Party Committee were present at the function, which was sponsored by Minister of Media Salman bin Youssary.
August 4, 2024, in Riyadh. The Media Business Accelerator was launched on Saturday by the Saudi Media Academy, acting on behalf of the Ministry of Media, in association with eWTP Arabia Capital, Alibaba Cloud, the Saudi Cloud Computing Company (SCCC), and the Fujian Youth Federation. Salman bin Youssary, the Minister of Media, funded the event.On the same day that the Chairman of the Standing Committee of the Fujian Provincial People's Congress and the Secretary of the Fujian Provincial Party Committee visited the Kingdom, the accelerator formally opened for business. The Saudi-Chinese Media Entrepreneurs Forum was held that same day. Through the provision of resources and guidance, the accelerator program will assist entrepreneurs in the media industry and promote the exchange of experience between the two nations.Assistant Minister Dr. Abdullah bin Ahmed Al-Maghlouth said in his speech that the Kingdom is attempting to create the most important future vision for the twenty-first century, in which the media will play a crucial role, with the guidance and support of King Salman bin Abdulaziz Al Saud, the Custodian of the Two Holy Mosques, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister. The focus of this statement was the Prime Minister and the Crown Prince, respectively."Therefore, we take pride in continuing to enhance and develop the media sector industries in an era where technology has become an international language, a key characteristic of humanity everywhere, and a necessary tool for understanding the keys to the future," the executive states.According to Dr. Al-Maghlouth, China and the Kingdom of Saudi Arabia both have a long history, a sophisticated technological civilization, and a rich cultural heritage. Taking this viewpoint into account, he claimed that the increasing technological difficulties bring about a new reality that calls for the creation of an all-encompassing system. In addition, he stressed the importance of this cooperation in the process of creating joint ventures, exchanging skills, and exchanging knowledge."As investors in both countries, we affirm that the Chinese government strongly supports bilateral cooperation with the Kingdom of Saudi Arabia, particularly in the technology and media sectors," said Jerry Li, Managing Partner of eWTP Arabia Capital, the organization that organized the event and brought 25 Chinese young entrepreneurs (Fujian).He underlined that one of the most important provinces in China is Fujian, which has a long history of innovative culture and media and strong commercial and economic links to the Kingdom. He also mentioned the long history of invention in Fujian. Jerry Li has stated that over the previous six years, eWTP Arabia Capital has created a foothold in the Kingdom in line with the Belt and Road Initiative of China and Saudi Vision 2030. In line with his remarks, the business would support and encourage further collaboration and communication between the two parties.