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More openness is critical to entrepreneurship: GCF

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MD RASOOLDEEN | ARAB NEWS

RIYADH: The Sixth Global Competitiveness Forum in Riyadh ended on
Tuesday with a call for more openness, confidence and compassion to
further promote entrepreneurship and sustain prosperity.

The three-day event was inaugurated by Minister of Commerce and
Industry Tawfiq Al-Rabiah on behalf of Custodian of the Two Holy Mosques
King Abdullah on Saturday. Over 2,000 entrepreneurs and 140 local and
international speakers participated in the conference.

Education Minister Prince Faisal bin Abdullah, Chairman of the King
Faisal Center for Research and Islamic Studies Prince Turki Al-Faisal
and Labor Minister Adel Fakeih delivered keynote speeches during the
course of the three-day event.

Delivering the closing keynote address, former South Korean Prime
Minister Un-Chan Chung said the “three mores” were essential to creating
a society of educated people who can aspire to a hopeful future.

“First, we should be ‘more open.’ Together with knowledge, open
mindedness is critical to entrepreneurship. Unlike inventors and
discoverers, entrepreneurs must put their new ideas and findings into
reality through the market. However, they cannot do this alone.
Therefore, for more entrepreneurs to emerge, the mindset of a society
must be open enough to embrace new ideas and to mobilize people quickly
to work together,” he said.

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