The winners of the ninth annual Massachusetts Institute of Technology (MIT) Enterprise Forum Arab Business Plan Competition were revealed last week in Saudi Arabia.
The winner of the Startup Track, Ghinwa from Kuwait, was presented with the prize of $50,000 for its Arabic Karaoke application at the event held at King Abdallah Economic City in Jeddah.
Egypt's Zamen, an app providing daily breaking news coverage in Arabic, and Saudi Arabia's B8ak, an app that helps you to book service providers, were also awarded within the Startup Track.
Wamda further reported that the winners of the Ideas Track were Tutorama from Egypt and Morocco’s Deep OR and Ostor Lab.
Hydropneumatic Flushing System from Tunisia, Pathfinder from Lebanon, and Low Cost PPC from Jordan were the winners of the Social Enterprise Track.
Launched in 2008, The MIT Enterprise Forum Arab Business Plan Competition, is held annually in partnership with Abdul Latif Jameel Community Initiatives (ALJ).
This year's competition received 15,967 individual and team applications from 21 countries across the Arab region.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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