海角直播

Saudi education spending rises 145% as students return, latest POS data shows

Saudi education spending rises 145% as students return, latest POS data shows
Transaction volumes rose聽7.6 percent to 116,000 across the education sector. Shutterstock
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Updated 12 March 2025

Saudi education spending rises 145% as students return, latest POS data shows

Saudi education spending rises 145% as students return, latest POS data shows

RIYADH: 海角直播鈥檚 education sector saw a notable rise in spending in the week ending March 8, climbing 144.6 percent to SR200.7 million ($53.5 million) as students聽returned聽from a break.聽

Transaction volumes rose聽7.6 percent to 116,000 across the category, after registering聽a 33.6 percent slump in the previous week.聽

The latest point-of-sale data from the Kingdom鈥檚聽central bank showed this was the only sector posting growth over the seven-day period, as聽consumer spending across the Kingdom contracted sharply.

Total POS transactions fell聽25.5 percent to SR13.09 billion, dowm聽from SR17.57 billion a week earlier.聽

Furniture sales led the decliners, falling 38.7 percent to SR321.5 million. Electronics spending slid 29.2 percent to SR159.1 million, while recreation and culture dropped 21.2 percent to SR266.5 million.聽

Spending on food and beverages recorded a decrease of 38.1 percent to SR2.06 billion, claiming the biggest share of the total POS value.

Expenditure in restaurants and cafes followed closely, recording a 38.3 percent decrease to SR1.29 billion. Miscellaneous goods and services ranked third, down 21.3 percent to SR1.66 billion. Together, these three categories accounted for 38.3 percent 鈥 or SR5 billion 鈥 of total weekly POS spending.聽

At 2.3 percent, the smallest decrease occurred in spending on clothing and footwear, leading total payments to reach SR1.22 billion. Expenditures on jewelry followed dipping by 4.4 percent to SR319.7 million, while transportation recorded a 5.8 percent fall to SR790.8 million.聽

Geographically, Riyadh dominated POS transactions, representing around 34.9 percent of the total, with expenses in the capital reaching SR4.58 billion 鈥 a 21.9 percent decrease from the previous week.聽

Jeddah followed with a 24.4 percent dip to SR1.85 billion, and Dammam came in third at SR666.6 million, down 21.4 percent.聽

Hail experienced the most significant decrease in spending, dipping by 36 percent to SR188.4 million.聽

Abha and Tabuk followed, recording decreases of 30.4 percent and 28.57 percent, reaching SR139.7 million and SR239.4 million, respectively.聽

Hail and Buraidah saw the largest decreases in terms of the number of transactions, slipping 27.2 percent and 23.4 percent, respectively, to 2.9 million and 4 million transactions.聽


Turkiye to hold 5G tender on Oct. 16, service to be available in April 2026, minister says

Turkiye to hold 5G tender on Oct. 16, service to be available in April 2026, minister says
Updated 15 sec ago

Turkiye to hold 5G tender on Oct. 16, service to be available in April 2026, minister says

Turkiye to hold 5G tender on Oct. 16, service to be available in April 2026, minister says

ANKARA: Turkiye will launch a long-awaited 5G frequency tender on Oct. 16, and mobile operators will start providing 5G services in April 2026, the transport and infrastructure minister said on Sunday.

Mobile operators currently holding GSM and 4.5G licenses can participate, Abdulkadir Uraloglu said in a statement, meaning government-controlled Turkcell and Turk Telekom, along with Vodafone鈥檚 Turkish unit, can all take part. 鈥淲e will hold the 5G tender on Oct. 16 and our mobile operators will start offering 5G services as of April 1, 2026,鈥 he said.

鈥淎 total of 11 different frequency packages will be allocated to operators through the tender, which will be held at a minimum value of $2.125 billion for a total of 400 MHz of frequency in the 700 MHz and 3.5 GHz frequency bands,鈥 Uraloglu said.

The tender specifications have been published in the Official Gazette, Uraloglu said.

Existing mobile network licenses will expire in 2029, and operators鈥 infrastructure and services will be subject to a new authorization regime to be offered under a new tender, he added.

鈥淔rom this date (2029) on, our operators will be obligated to pay 5 percent of their annual revenues to Information and Communication Technologies Authority (BTK). The authorization period will be valid until 31 December 2042,鈥 he said.


Mada drives Saudi e-commerce with 72% surge to $7bn in June聽

Mada drives Saudi e-commerce with 72% surge to $7bn in June聽
Updated 26 min 16 sec ago

Mada drives Saudi e-commerce with 72% surge to $7bn in June聽

Mada drives Saudi e-commerce with 72% surge to $7bn in June聽

RIYADH: E-commerce spending in 海角直播 via Mada cards rose 72 percent year on year to SR25.97 billion ($6.93 billion) in June, underscoring the Kingdom鈥檚 accelerating shift to cashless retail. 

According to data by the Saudi Central Bank, also known as SAMA, the number of online payments also jumped, rising 59.4 percent to 141.55 million transactions across shopping websites, in-app purchases, and e-wallets. 

These figures exclude transactions completed on international credit card schemes such as Visa and Mastercard, highlighting the scale of domestic rails in powering the digital economy. 

Mada, the national payments scheme operated by Saudi Payments, a SAMA-owned entity, connects banks, ATMs and point-of-sale terminals, and underpins debit cards issued by local banks, making it the backbone of everyday spending and online checkout. Its deep integration across the banking system and payment gateways enables swift, secure processing for in-store and e-commerce purchases, complementing global schemes. 

This push is part of the Kingdom鈥檚 Vision 2030 drive to become a largely cashless society, raising the share of electronic retail payments and embedding trusted local rails across everyday commerce. Saudi authorities are also upgrading the rails behind the checkout button. 

Earlier this summer, SAMA launched a new e-commerce payments interface that lets providers rely on national infrastructure while integrating Mada with international networks, aimed at improving speed and security for merchants and consumers.  

In May, regulators reported near-universal connectivity: CST鈥檚 Saudi Internet Report showed 99 percent of residents are online and 93 percent of e-commerce purchases are made on local websites. 

The report also highlighted 海角直播鈥檚 global edge on network metrics, with average mobile data use reaching 48 gigabytes per person per month, about three times the global average. 

On the rails side, Mastercard has built local e-commerce processing infrastructure in the Kingdom, keeping transactions in-country and supporting faster, more secure checkout. 

Together, these signals point to a larger, more reliable online market in which Mada-enabled checkout, quick delivery, and easy returns are becoming the norm.  

A February PwC read on the Kingdom鈥檚 retail landscape highlighted how 海角直播鈥檚 young, empowered and tech-oriented consumers are reshaping demand. 

PwC鈥檚 Voice of the Consumer 2024 survey for 海角直播 showed rising expectations around sustainability, digital innovation, and health, with data privacy a core concern and a growing appetite for artificial intelligence-enabled shopping tools. 

Trust was highest in healthcare and aviation at eight out of 10, driven by strong data protection at 86 percent, fair treatment of employees at 80 percent, and consistent, high-quality service at 80 percent. 

Inflation remained a key worry for 36 percent, yet eco-consciousness is strengthening: About 45 percent actively seek eco-friendly products, and roughly 18 percent would pay 11 to 20 percent more for locally sourced or recycled goods. 

Shoppers are pragmatically open to technology, valuing fast chatbot support, while still wanting in-store experiences enhanced by contactless and self-checkout. 

That consumer profile dovetails with macro confidence among executives: 77 percent of Saudi CEOs were positive on the near-term economic outlook, according to PwC鈥檚 28th Annual CEO Survey, supporting continued investment in digital commerce and customer experience. 

Partnerships are scaling logistics and payments capacity. In July, Maersk and Saudi Post signed a strategic partnership to knit together cross-border logistics with local last-mile networks, streamlining fulfillment, customs clearance and delivery for merchants entering 海角直播 and the wider Gulf Cooperation Council. 

DHL e-commerce expanded into the Kingdom by taking a stake in AJEX, adding domestic parcel capacity as volumes rise. And to sharpen policy and measurement, 海角直播 committed $1.4 million to UNCTAD to improve official statistics on e-commerce and the digital economy. 

On the checkout side, Amazon Payment Services added Tamara as a Buy Now, Pay Later partner across 海角直播 and the UAE, broadening flexible payment options that often lift conversion at online merchants. 

For merchants and investors, the opportunity lies in converting demand into repeatable scale. On the front end, that means optimizing mobile journeys, localized payment options, and transparent data-privacy practices that build trust with digitally sophisticated consumers. 


Can Lebanon鈥檚 Middle East Airlines succeed with a low-cost gamble?

Can Lebanon鈥檚 Middle East Airlines succeed with a low-cost gamble?
Updated 30 August 2025

Can Lebanon鈥檚 Middle East Airlines succeed with a low-cost gamble?

Can Lebanon鈥檚 Middle East Airlines succeed with a low-cost gamble?
  • Launching a low-cost carrier is a step by the airlines to keep its position, says expert

RIYADH: Lebanon鈥檚 flag carrier Middle East Airlines 鈥 wholly owned by the central bank, Banque du Liban 鈥 plans to launch a low-cost subsidiary to serve destinations in the EU and the Middle East in what would be a welcome addition to the sector.

Amid an economy in freefall, soaring ticket prices, and competition from Hungarian budget carrier Wizz Air Abu Dhabi鈥檚 limited but cheaper flights, analysts told Arab News how the proposal could still have a positive impact on the country鈥檚 aviation sector.

Jassem Ajaka, an economist and university professor, believes the MEA has 鈥渒ind of a monopoly in terms of direct flights.鈥

However, negotiations with the International Monetary Fund include liberalizing various sectors, which could see increased competition for the company if new competitors enter the market.

Ajaka sees the low-cost subsidiary as a strategic play, adding: 鈥淟aunching an LCC (low-cost carrier) during this monopoly scene is a step to keep its position, especially as many customers suffer from high ticket prices and look for indirect flights through cheaper airlines. This could help MEA recollect those travelers.鈥

For Lebanese expatriates like Ziad Fino, a project coordinator at business school HEC Paris who left the country during the 2019 crisis, soaring airfares have turned family visits into a costly ordeal. 鈥淚 used to visit Lebanon at least twice a year 鈥 once in the summer and again during the holidays,鈥 he told Arab News in an interview. 鈥淏ut now, with ticket prices skyrocketing, I鈥檝e had to cut back to maybe once a year, if I鈥檓 lucky.鈥

MEA鈥檚 fares have become a significant burden.

鈥淎 round-trip ticket from Riyadh to Beirut during peak season can cost over $1,000,鈥 said Roger Hadchity, a project manager at Riyadh-based Blueprint Middle East, a commercial fit-out and refurbishment contractor, who left Lebanon for 海角直播.

鈥淲e鈥檙e forced to look for alternatives, like connecting flights through other Gulf hubs, but even those options are getting pricier,鈥 he added.

But how can MEA鈥檚 subsidiary operate at genuinely lower costs? Ajaka said: 鈥淢EA is already an established airline, so it could rely on one type of airplane and benefit from existing human resources. The new LCC could also use yield management to maximize revenues from every trip.鈥

Lebanon鈥檚 broken economy poses a steep challenge. 鈥淚t鈥檚 so hard to launch and operate an LCC amid high inflation,鈥 the economist admitted. 鈥淏ut it could work if the chain is autonomous and self-sufficient 鈥 selling tickets in fresh USD cash or through fresh USD credit cards, using cheap fuel, and implementing yield management,鈥 he noted.

Any operation in Lebanon is directly affected by the security in the country, and as Ajaka affirmed, nothing can operate in an armed conflict area.

鈥淚n case of Israeli aggression, the project cannot proceed. Even if the airport isn鈥檛 targeted, rising insurance fees would affect profits,鈥 he added.

In July, it was announced that the new airline was set to be launched within two years and serve destinations in the EU and the Middle East.

Speaking to Arab News, MEA鈥檚 Public Relations Manager Rima Mekkaoui said that concrete preparations for the airline may not begin until winter 2027. When asked for more details, Mekkaoui confirmed that was all the information currently available.

Regulatory hurdles and global partnerships

Kamil Al-Awadhi, the International Air Transport Association鈥檚 regional vice president for Africa and the Middle East, outlined the certifications that any new LCC would need to become operational.

鈥淭he IATA Operational Safety Audit Program is IATA鈥檚 internationally recognized and accepted evaluation system designed to assess the operational management and control systems of an airline,鈥 he explained, noting that such IATA-specific certifications are not compulsory for aviation firms to obtain before being operational.

The top official explained that if an airline wants to become an IATA member, it must become IOSA registered and must remain registered to maintain membership. 

While IATA membership is not compulsory for an airline to operate, it has its perks as the association offers support to both LCCs and full-service carriers.

鈥淏ecoming an IATA member airline offers numerous benefits, including enhanced credibility, access to a global network, reduced costs through streamlined operations, and a powerful voice in industry advocacy,鈥 Al-Awadhi said.

鈥淚ATA membership also facilitates industry change, promotes safety standards, and provides access to financial services and business intelligence,鈥 adding that non-IATA airlines face limitations including barriers to joining alliances and integrating into the wider aviation ecosystem, especially without IOSA certification.

Regional LCCs and Lebanon鈥檚 uphill battle

Lebanon鈥檚 plan to launch a budget airline comes as nearly every neighboring country has already established its own successful low-cost carrier, reshaping regional travel with ultra-affordable fares.

Wizz Air Abu Dhabi is a growing ultra-low-cost company in the region, expanding with flights from Beirut.

Flydubai serves as Dubai鈥檚 budget-friendly alternative to Emirates, while 海角直播鈥檚 flynas operates flights to over 70 destinations. Kuwait鈥檚 Jazeera Airways and Oman鈥檚 Salam Air dominate budget travel in the Levant and Gulf. These airlines thrive on cost efficiency, high-frequency routes, and digital-first booking 鈥 something MEA has struggled with due to Lebanon鈥檚 economic constraints.

Unlike Gulf carriers, which benefit from state-backed stability and open-skies policies, MEA faces hyperinflation, fuel shortages, and a collapsing currency.

Fleet expansion vs. economic reality

MEA has nine new aircraft on order, including long-range Airbus A321XLRs to open African routes, but delivery delays 鈥 some jets were due in 2023 鈥 highlight broader industry struggles. Meanwhile, Beirut鈥檚 airport, strained beyond its 6-million-passenger capacity, saw a post-ceasefire surge, handling 560,050 travelers in May alone.

To cope, MEA is pushing for a $400 million to $500 million second terminal via a public-private partnership, promising advanced, passport-free processing. But similar plans were scrapped in 2023 over corruption claims, and Lebanon鈥檚 instability may deter investors.

In June, Lebanese Prime Minister Nawaf Salam revealed plans for a second international airport in Lebanon.

Public Works and Transport Minister Fayez Rasamny confirmed during a speech on Aug. 19 that 鈥渞eactivating the Ren茅 Moawad Airport in Qlayaat is a fundamental pillar for stimulating commercial and tourist activity in the North (of Lebanon),鈥 clarifying that 鈥渢he airport鈥檚 feasibility study has been completed and the project is now awaiting the executive steps for its revival.鈥

Wizz Air鈥檚 shadow

Wizz Air鈥檚 arrival has exposed MEA鈥檚 pricing vulnerability, but its limited routes leave room for competition 鈥 if MEA can undercut its own mainline fares without cannibalizing revenue.

With Lebanon鈥檚 financial system in shambles and political risks lingering, MEA鈥檚 gamble hinges on two bets: that travelers will trust a state-linked budget carrier, and that Lebanon鈥檚 economy won鈥檛 ground it before takeoff.  As Hadchity put it: 鈥淚f travel stays this expensive, more of us will drift away.鈥


Technology and tradition power 海角直播鈥檚 glamping revolution

Technology and tradition power 海角直播鈥檚 glamping revolution
Updated 30 August 2025

Technology and tradition power 海角直播鈥檚 glamping revolution

Technology and tradition power 海角直播鈥檚 glamping revolution
  • As part of the National Tourism Strategy, 海角直播 aims to attract 150 million visitors by 2030

RIYADH: 海角直播鈥檚 vast deserts are shedding their image as empty stretches of sand, emerging instead as the stage for a luxury tourism revolution. 

From solar-powered tents in AlUla to AI-enhanced stargazing in the Empty Quarter, high-end glamping is turning remote landscapes into billion-dollar assets, combining sustainability with indulgence under the Kingdom鈥檚 Vision 2030.

As part of the National Tourism Strategy, 海角直播 aims to attract 150 million visitors by 2030 and increase tourism鈥檚 contribution to gross domestic product to 10 percent, supporting economic diversification.

Glamping 鈥 a blend of 鈥済lamorous鈥 and 鈥渃amping鈥 鈥 offers the outdoor experience with amenities and, in some cases, resort-style services far removed from traditional camping. In the Kingdom, it is redefining premium tourism by attracting affluent travelers to eco-conscious, culturally rooted stays in stunning desert settings. 

Cultural depth and comfort 

According to Camilla Bevilacqua, partner at Arthur D. Little, the combination of comfort, heritage, and sustainability supports 海角直播鈥檚 efforts to attract high-value visitors and promote lesser-known destinations through meaningful, low-impact experiences.

鈥淚n AlUla high-end glamping combines natural beauty with deep cultural heritage 鈥 from Hegra鈥檚 Nabataean tombs to the ancient oasis networks and rock art sites 鈥 making it ideal for immersive travel experiences. The introduction of luxury tented accommodations has reframed how visitors engage with the destination. Guests now wake up to the sound of the wind through sandstone cliffs and end their day with private stargazing sessions guided by local astronomers,鈥 Bevilacqua said.

鈥淭his kind of experiential layering resonates strongly with affluent travelers seeking connection, authenticity, and privacy in extraordinary settings,鈥 she added.

She noted that in the Empty Quarter, glamping is taking shape with low-impact, mobile designs to protect the desert environment. These offerings combine comfort with cultural storytelling, including curated access to fossil sites, Bedouin heritage, and ancient trade routes.

鈥淏y offering immersive, experience-led alternatives to conventional tourism models, it aligns with broader global shifts in traveler preferences. In the Saudi context, it also serves to distinguish the Kingdom from regional competitors 鈥 emphasizing the unique interplay of landscape, heritage, and sustainability as key value drivers for international high-end tourism segments,鈥 Bevilacqua said.

Shifting from assets to experiences

Philippe Najjar, PwC Middle East partner for Destinations, said the rise of luxury glamping signals a shift in tourism strategy from building physical assets to creating emotionally resonant, experience-led destinations.

鈥淭his transition shows clearly how 海角直播 is on a journey toward diversifying its destination offerings: by anchoring tourism development around immersive 鈥榩lay鈥 experiences, destinations can lead the way toward increasing dwell time, drive higher revenues, and enhance the Kingdom鈥檚 global awareness and association,鈥 Najjar said.

鈥淭he upcoming challenge for immersive destinations will be expanding their appeal beyond just high-end and luxury markets,鈥 he added. 

The combination of comfort, heritage, and sustainability supports 海角直播鈥檚 efforts to attract high-value visitors and promote lesser-known destinations.

Camilla Bevilacqua, partner at Arthur D. Little

Simon Mead, head of Discover Saudi DMC, part of Almosafer, noted that while early pioneers like Habitas have set benchmarks, large parts of the Kingdom remain untapped. He said the company has developed tailored desert experiences focused on authenticity over excess 鈥 offering privacy, storytelling, and traditional Bedouin hospitality.

鈥淲e鈥檙e also developing new experiences in places like Wadi Disah, a breathtaking and still lesser-known location that is accessible from both AlUla and Tabuk. This will extend our immersive desert offering and begin to formalize what the next generation of 鈥楽audi glamping鈥 looks like, rooted in place, led by locals, and tailored to the traveler,鈥 Mead said.

Supporting Vision 2030 goals

Industry experts agree that high-end glamping aligns with Vision 2030 by creating sustainable, experience-driven tourism that boosts revenue, generates jobs, and supports regional development.

From Arthur D. Little鈥檚 perspective, it attracts high-spending travelers seeking exclusive and authentic stays, benefiting related sectors such as transport, culture, and wellness. Bevilacqua said these ventures also foster local employment in hospitality, guiding, and culinary services, with growing emphasis on community involvement and SME participation.

鈥淥verall, glamping advances Vision 2030鈥檚 goal of establishing 海角直播 as a global hub for sustainable tourism. These desert-based experiences are often designed with light-touch infrastructure, minimal environmental impact, and principles of ecological stewardship, offering a blueprint for how tourism can expand without compromising the integrity of the landscape,鈥 Bevilacqua said.

鈥淏y aligning economic ambition with environmental sensitivity and community inclusion, high-end glamping serves as a mechanism for 海角直播鈥檚 transition toward a more experience-led, diversified, and resilient tourism economy,鈥 she added.

Najjar highlighted how glamping developments stimulate local economies by involving nearby communities and engaging local suppliers, guides, and artisans. 

We鈥檙e developing new experiences in places like Wadi Disah, a breathtaking and still lesser-known location that is accessible from both AlUla and Tabuk.

Simon Mead, head of Discover Saudi DMC, part of Almosafer

鈥淚n KSA, and in alignment with Vision 2030鈥檚 emphasis on regional development and sustainable tourism, luxury glamping serves as an exemplary model. By designing low-impact, culturally resonant destinations, it ensures enduring benefits for both residents and visitors,鈥 he said. For Discover Saudi DMC, sustainability means cultural and economic inclusion as much as environmental responsibility. Mead said their fully Saudi team in AlUla delivers authentic experiences while proudly sharing heritage with visitors.

鈥淲e鈥檙e also deeply committed to talent development. Through government-backed programs like Tamheer, we鈥檙e introducing young Saudis to the standards and expectations of global luxury tourism. High-end desert hospitality can be a powerful entry point, one that creates jobs, nurtures storytelling, and positions Saudi talent at the forefront of a growing sector,鈥 Mead said. 

Tech meets tradition

海角直播鈥檚 luxury desert hospitality is moving into a new era, where landscape immersion is combined with technology-driven personalization.

Bevilacqua said innovations such as AI concierges, augmented reality stargazing, and immersive storytelling are enhancing guest engagement, and future models may involve multi-stop desert circuits that encourage regional travel. 鈥淔undamentally, the evolution of desert glamping in 海角直播 is not driven by technology alone, but by a desire to enrich the visitor鈥檚 connection to place, reveal the deeper stories embedded in the landscape, and cultivate a form of hospitality that honors both local identity and national vision,鈥 she said.

Najjar said PwC鈥檚 research shows that future value in destinations lies in smart, seamless integration of experiences.

鈥淔or developers and tourism authorities, this evolution presents a significant competitive advantage. By embracing tech-driven design, they can surpass traditional infrastructure, delight guests, optimize operations, and engage in data-driven planning, the hallmarks of a connected destination鈥檚 future,鈥 he said.

Mead added that while AI concierges and AR stargazing can elevate experiences, they will never replace the human connection. 鈥淯ltimately, the future of luxury camping in 海角直播 is one where innovation and heritage sit side by side. It鈥檚 about pairing digital tools with deeply human moments, a formula that defines our approach as the Kingdom鈥檚 leading DMC,鈥 he said.


Property tech, gaming firms lead major funding rounds

Property tech, gaming firms lead major funding rounds
Updated 30 August 2025

Property tech, gaming firms lead major funding rounds

Property tech, gaming firms lead major funding rounds
  • UAE-based fintech Holo raises $22m to expand its platform

RIYADH: Investor confidence is rising in Middle East startups, from proptech funding rounds to strategic bets in the growing gaming sector. 

These moves reflect a broader regional trend: supporting ventures that harness technology to tackle real-world challenges 鈥 ranging from home ownership and food security to cultural entertainment鈥 while aligning with Saudi Vision 2030 and the UAE鈥檚 economic diversification goals.

Holo raises $22m in Series A round

In one of the Gulf Cooperation Council鈥檚 largest Series A rounds this year, UAE-based fintech Holo has raised $22 million to expand its tech-enabled home-buying platform.

According to a press release, the round was led by 海角直播鈥檚 Impact46, with participation from Abu Dhabi鈥檚 Mubadala, Rua Growth Fund, anb seed, and MoreThan Capital, alongside returning investors Salica Oryx Fund and Dubai Future District Fund.

The funding comes amid growth in regional real estate markets, with the UAE projected to reach $217 billion by 2030 and 海角直播鈥檚 market expected to hit $310 billion. Holo plans to leverage its profitable UAE base to scale into the high-growth Saudi market.

Michael Hunter and Arran Summerhill, co-founders of Holo, said: 鈥淎t Holo, we鈥檝e always believed that buying a home shouldn鈥檛 be complicated. With this raise, we鈥檙e not only scaling across borders but also scaling trust, simplicity, and access to homeownership.鈥 

They added: 鈥淥ur profitability in the UAE has given us the strength and confidence to invest ambitiously in high-growth markets like 海角直播.鈥

The founders noted that momentum around homeownership and digital transformation is accelerating as the Kingdom advances toward Vision 2030. 鈥淭he vision is regional, and with backing from world-class investors, we鈥檙e in a prime position to keep raising the bar for how home-buying should work 鈥 faster, smarter, and built around the customer.鈥

Basmah Al-Sinaidi, managing partner at Impact46, said: 鈥淗olo is bringing much-needed clarity to a process that鈥檚 long been opaque. By streamlining access to lenders and giving users full control of their home financing journey, they鈥檙e reshaping how people buy homes across the region.鈥 

Ali Al-Mheiri, executive director of UAE Diversified Assets at Mubadala, added: 鈥淥ur investment in Holo comes from our belief in the strength of its vision, leadership, and ability to reshape how people navigate the home-buying journey.鈥

Maalexi secures $20m credit facility

Maalexi, a B2B food and agri-trade platform, has secured a Shariah-compliant credit facility of up to $20 million from Amwal Capital Partners.

The initial $5 million tranche will be used to scale operations and integrate thousands of small and medium-sized enterprises into the platform, bolstering food security in the UAE and 海角直播, according to a statement.

The facility is structured as a tech-enabled securitization, collateralized against Maalexi鈥檚 inventory and receivables. 

Indie studio Starvania raised $1.1 million from Merak Capital and Impact46. (Supplied)

Maalexi CEO Azam Pasha said: 鈥淭his facility is more than capital 鈥 it is a catalyst to enhance our capabilities and help us build resilient and intelligent food supply chains that are driven by speed, transparency, and trust.鈥 

He added: 鈥淐ombined with the capital support of partners like Amwal Capital, these innovations are redefining how food is digitally procured, stored, and distributed 鈥 reinforcing food security across the UAE, 海角直播, and the wider GCC.鈥

Sharif Eid, head of private credit at Amwal Capital Partners, said: 鈥淢aalexi鈥檚 proprietary technology stack, deep market linkages, and robust operational controls set a new benchmark for de-risking and scaling agri-trade.鈥

Saudi gaming ecosystem

The Saudi gaming ecosystem is experiencing a surge of activity, reflecting the Kingdom鈥檚 strategic focus on the sector under Vision 2030.

Impact46 committed $53 million to Kammelna in its largest investment to date. The studio behind the digitized version of the Saudi card game Baloot has achieved over 6 million downloads and boasts 1 million monthly active users. Abdulaziz Al-Omran, founder and CEO of Impact46, called the deal a turning point not just for Saudi gaming, but for what it means to invest in culturally grounded, scalable IP.

Kammelna鈥檚 CEO Bader Al-Zamil said the partnership will help build more games that carry the spirit of our culture to players everywhere. Separately, indie studio Starvania raised $1.1 million from Merak Capital and Impact46. According to a press release, the funding will enhance production capabilities for PC and console games and support recruitment of top talent.  The studio, founded by Meaad Aflah and Muslih Al-Zahrani, gained recognition with its Arabian mythology-inspired game Bahamut and the Waqwaq Tree.