海角直播

FHS25: Investors attracted by Vision 2030 wins as international interest rises, hotel signings surge聽聽

FHS25: Investors attracted by Vision 2030 wins as international interest rises, hotel signings surge聽聽
In a panel discussion, Christophe Beauvilain, managing partner at Pygmalion Capital, said 海角直播 presents a compelling opportunity for investors, describing Vision 2030 as 鈥渆xtremely ambitious and exciting.鈥澛 AN Photo
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Updated 12 May 2025

FHS25: Investors attracted by Vision 2030 wins as international interest rises, hotel signings surge聽聽

FHS25: Investors attracted by Vision 2030 wins as international interest rises, hotel signings surge聽聽

RIYADH: Investor confidence in 海角直播鈥檚 hospitality sector is being reinforced by tangible progress on Vision 2030 goals, including accelerating international interest and a surge in hotel signings, a major gathering has heard.聽

On the second day of the Future Hospitality Summit in Riyadh, global and local executives cited a powerful combination of leadership, domestic demand, and delivery momentum as key factors driving investment decisions.聽聽

Vision 2030 is an initiative designed to diversify the Saudi economy away from oil, with ambitious reforms aimed at boosting tourism, entertainment, and non-oil industries.聽

In a panel discussion, Christophe Beauvilain, managing partner at Pygmalion Capital, said 海角直播 presents a compelling opportunity for investors, describing Vision 2030 as 鈥渆xtremely ambitious and exciting.鈥澛犅

He highlighted the rapid achievement of tourism milestones as a key performance signal, saying: 鈥淲hen the Vision was first launched, the goal was to attract 100 million tourists by 2030. That target was reached by 2023, so it was revised upward to 150 million by 2030 鈥 and I wouldn鈥檛 be surprised if that figure is raised again.鈥澛犅

Hotel signings, Beauvilain added, are a critical metric for institutional investors.聽聽

鈥淭here has certainly been a flurry of activity, particularly among international brands signing new projects,鈥 he said.聽聽

While macroeconomic and geopolitical risks remain a consideration, Beauvilain noted the decreasing reliance on oil revenues as a positive structural shift.聽聽

鈥淭he oil sector鈥檚 contribution to gross domestic product is declining rapidly, which is a very positive and encouraging sign,鈥 he said.聽聽

Amin Ismail, managing director of travel and tourism-focused private equity firm Certares, emphasized the changing global perception of 海角直播.聽

鈥淭he leadership has done a pretty good job marketing the destination and raising global awareness,鈥 he said.聽聽

鈥淥n a personal note, I was in Miami a couple of months ago, and someone I never expected mentioned they were interested in visiting Riyadh. They even referenced Diriyah by name,鈥 Ismail said.聽聽

The managing director believes the country鈥檚 cultural depth is emerging as a differentiating factor.聽聽

鈥満=侵辈モ檚 strength lies in its culture and heritage. The hospitality, the people, and the unique cultural experience are what really draw visitors,鈥 he said.聽聽

Noting the rising interest among global travelers 鈥 including his own family 鈥 he added, 鈥淭oday, it鈥檚 at the top of their (his family鈥檚) travel bucket list 鈥 with Japan coming second.鈥澛犅

On the domestic front, 海角直播鈥檚 hospitality development is being backed by robust local demand and substantial government support.聽聽

In a separate panel, Naif Al-Madi, chief business officer of the Tourism Development Fund, said: 鈥満=侵辈 has a unique advantage in that we have a large domestic market,鈥 adding that it accounts for approximately 70 percent of the tourism sector, compared to 30 percent from international tourism.聽

He added that while global economic fluctuations may affect other markets, 鈥渨e believe 海角直播 will feel only minimal shock.鈥澛犅

The fund has already supported over 2,400 tourism-related projects, and is expected to deliver more than 9,000 rooms.聽

Luc Delafosse, vice president of Hospitality Management at Al Khozama Investment Co., said the pace and consistency of project execution are setting 海角直播 apart.聽聽

鈥淲hat I was very pleased to hear this morning is that 90 percent of the projects within the Kingdom are actually being delivered,鈥 he said.聽聽

鈥淎nother key figure that stood out was that 50 percent of the development currently underway in 海角直播 is being produced and delivered by non-oil sectors.鈥澛犅

Delafosse, who has been in the Kingdom since 2019, noted the transformation firsthand.聽聽

鈥淚t鈥檚 not just about the number of projects, but also the overall evolution of the sector,鈥 he said.聽聽

鈥淭he Kingdom has truly led the way in hospitality 鈥 not just in the region, but globally,鈥 he added.聽


海角直播鈥檚 AI moment takes shape at Money20/20

海角直播鈥檚 AI moment takes shape at Money20/20
Updated 19 September 2025

海角直播鈥檚 AI moment takes shape at Money20/20

海角直播鈥檚 AI moment takes shape at Money20/20

RIYADH: The Saudi edition of Money20/20 Middle East this week offered a snapshot of how rapidly artificial intelligence is moving from hype to hard deployment in the Kingdom鈥檚 financial sector. 

With more than 450 fintech companies and over 1,050 global investors gathering under the theme 鈥淲here Money Does Business,鈥 the event showed how central AI has become to 海角直播鈥檚 Vision 2030 ambitions and how urgent the conversation around regulation, infrastructure and talent has become.

The message across panels was clear: AI is no longer an experiment. It is increasingly embedded in every corner of finance, from fraud detection and onboarding to risk modeling and compliance. The more AI promises to accelerate growth, the more scrutiny it invites. 

For 海角直播, the challenge now is scaling adoption while maintaining trust, regulatory alignment and data integrity.

The Kingdom is projected to reap nearly $135.2 billion from AI by 2030, equivalent to about 12.4 percent of gross domestic product, according to PwC. That potential is driving urgency, with nearly all financial-sector leaders saying the pressure to deploy AI has grown over the past six months. Regulators are responding in parallel.

The Saudi Central Bank has expanded its sandbox programs and is introducing clearer guidelines to ensure innovation happens under strong consumer-protection and data-governance frameworks. Industry insiders at the event said this collaboration between regulators and the private sector is essential if the Kingdom is to balance speed with safety in AI rollouts.

Khalid Al-Sharif, CEO of Abdul Latif Jameel Finance, said the next stage of AI adoption in finance will depend on coordination between regulators, financial institutions and technology providers. 

鈥淭he next phase is about coordination,鈥 he said. 鈥淩egulators must keep issuing workable standards, financial institutions must document and monitor models, and technology providers must build for local requirements rather than import generic systems.鈥

Khalid Al-Sharif, CEO of Abdul Latif Jameel Finance. LinkedIn

He added that enabling micro and small businesses is central to Vision 2030 and pointed to Abdul Latif Jameel Finance鈥檚 Bab Rizq Jameel Microfinance program, which has issued loans to nearly 300,000 beneficiaries since 2004 鈥 81 percent of them women. 鈥淥ur goal is to empower entrepreneurs and women-led enterprises so they can contribute more strongly to national GDP,鈥 he said.

Al-Sharif also emphasized the importance of building trust as technology advances. 鈥満=侵辈モ檚 financial sector is ready for this leap,鈥 he said. 鈥淏ut success will depend on responsible innovation that protects consumers and uses data ethically while enabling growth.鈥

Among the announcements at the Money20/20 conference in Riyadh was Singapore-based Dyna.Ai鈥檚 decision to expand in the Kingdom with the launch of its Agentic AI Suite and Arabic-first AI Employees. 

These digital teammates, including an AI credit underwriter, knowledge partner and recruiter adviser, are designed to integrate into enterprise workflows and support compliance, customer service and operational efficiency.

鈥淎I Employees are advanced digital teammates that augment human capabilities,鈥 said Tomas Skoumal, chairman and co-founder of Dyna.Ai. 鈥淭hey deliver faster, more accurate, and personalized customer experiences while collaborating directly with human workers.鈥

The company says its tools deliver more than 95 percent accuracy with response times under 200 milliseconds. Importantly, the suite was built with Arabic capabilities from day one, meaning it can understand dialects, cultural nuances and regulatory requirements specific to the Kingdom.

Tomas Skoumal, chairman and co-founder of Dyna.Ai. Facebook

While announcements like Dyna.Ai鈥檚 show confidence in the market, 海角直播鈥檚 journey toward AI at scale still faces hurdles. Executives at Money20/20 pointed to a shortage of AI specialists and data scientists even as universities and training programs accelerate talent development.

Infrastructure gaps also persist, with demand growing for high-performance computing, sovereign data centers and faster data-processing capabilities. 

Regulatory certainty is another area to watch. Though sandboxes and ethical frameworks are already in place, binding rules for algorithmic transparency, privacy and bias mitigation are still being developed. 

Industry experts warn that without clear, enforceable guidelines, trust in AI systems could be undermined before they are fully mainstream.

Money20/20 is more than a showcase. It is one of the few places where regulators, legacy banks, fintech startups and investors meet under one roof to compare strategies and align on priorities. 

This year, announcements such as Google Pay鈥檚 launch in the Kingdom, Alipay+ acceptance by 2026, and a series of capital markets reforms highlighted the pace at which 海角直播 is trying to modernize its financial ecosystem.

For companies including Dyna.Ai, the event serves as a stress test, a chance to prove whether their solutions can meet Saudi-specific expectations for speed, accuracy, compliance and cultural fit. 

For regulators and policymakers, it is an opportunity to gauge market readiness and identify where rules and infrastructure must catch up with innovation.

海角直播鈥檚 AI story is now entering what many at the conference called its execution phase. 

The big-picture goals have been set: billions of dollars in AI-driven GDP impact, a skilled workforce of 20,000 specialists by 2030 and a digitally transformed financial system. What comes next is a test of implementation, how quickly these ambitions can translate into measurable outcomes.

Dyna.Ai鈥檚 Arabic-first approach offers one glimpse of what the future might look like: instant, personalized and compliant digital interactions that support growth while keeping human workers focused on higher-value tasks. But it is just one piece of a much larger transformation.

The Kingdom鈥檚 AI moment is no longer just a promise. Its success will be measured by the ability to build trust, close infrastructure gaps, nurture talent and ensure every algorithm deployed works for both the economy and the people it serves.


How AI could end 海角直播鈥檚 鈥榠nfinite workday鈥

How AI could end 海角直播鈥檚 鈥榠nfinite workday鈥
Updated 18 September 2025

How AI could end 海角直播鈥檚 鈥榠nfinite workday鈥

How AI could end 海角直播鈥檚 鈥榠nfinite workday鈥
  • AI adoption is already demonstrating its potential to reshape work across the Kingdom.
  • Companies must 鈥榬edesign workflows to cut through digital noise, unlock focus鈥

ALKHOBAR: At 10 p.m. in Riyadh, a marketing executive checks her inbox one last time. She has already answered over 100 emails, managed a constant stream of Teams messages, and sat through five back-to-back meetings. By 6 a.m., she will be back online.

This 鈥渋nfinite workday鈥 is becoming the norm. According to Microsoft鈥檚 latest Work Trend Index, nearly 30 percent of employees check email late at night, while 40 percent are online by early morning. The average Saudi worker now faces a flood of 117 emails and 153 Teams messages daily, with interruptions every two minutes 鈥 a pattern that has blurred the line between work and rest.

For Turki Badhris, president of Microsoft Arabia, this is precisely why organizations must move beyond basic digitization toward full transformation.

鈥淎I is not a passing trend. It鈥檚 a generational shift that is redefining how work gets done, how decisions are made, and how value is created,鈥 Badhris told Arab News. 鈥淭he organizations that thrive will be those that are willing to reimagine, not just automate, how work works.鈥

Turki Badhris, president of Microsoft Arabia. (Supplied)

He calls this the 鈥淔rontier Firm mindset,鈥 where companies redesign workflows to cut through digital noise and unlock focus, rather than simply adding new technology on top of old processes.

Human resources professionals are seeing the human cost of this always-on culture firsthand.

鈥淲ith digital transformation under Vision 2030 and the shift to flexible work models after the pandemic, it鈥檚 becoming harder for people to switch off,鈥 said Aminah Alalaiwi, assistant manager HR Business Partner at Bupa Arabia.

鈥淥ver time, that takes a real toll on the employee and induces burnout, stress, and lower engagement,鈥 she said.

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To address this, Alalaiwi completed Mental Health First Aid training, an initiative her company encouraged.

鈥淚t gave me the tools to spot early signs of struggle and respond in a way that actually helps,鈥 she added. 鈥淭hat鈥檚 why I believe HR has to go beyond policies. We need to actively create cultures where well-being and performance reinforce each other.鈥

AI adoption is already demonstrating its potential to reshape work across the Kingdom. At Obeikan Investment Group, the O3ai platform 鈥 built on Azure OpenAI and IoT 鈥 analyzes production data in real time, boosting operational efficiency by 30 percent and cutting costs by a similar margin across 20 factories.

Aminah Alalaiwi, assistant manager HR Business Partner at Bupa Arabia. (Supplied)

At Ma鈥檃den, Microsoft Copilot and Azure OpenAI are used to summarize policies, draft documents, and automate governance workflows, saving employees more than 2,200 hours every month. At Sanabil Investments, structured adoption of Copilot led to 70 percent employee uptake in just two months, cutting content creation time by 50 percent.

Badhris emphasizes that Microsoft鈥檚 role is to help companies go beyond merely deploying tools.

鈥淲e work hand-in-hand with leaders to align technology adoption with business priorities, governance frameworks, and change management strategies,鈥 he said. 鈥淥ur approach is about co-creating roadmaps for responsible innovation.鈥

To support this transformation, Microsoft is investing heavily in local infrastructure. Its new cloud datacenter region in 海角直播 will provide enterprise-grade services with low-latency access and full compliance with data residency requirements, enabling organizations to scale AI securely.

DID YOU KNOW?

鈥 Microsoft Arabia has committed to training 100,000 Saudi nationals in AI skills by 2025.

鈥 The initiative has been launched in partnership with the Ministry of Communications and Information Technology and SDAIA Academy.

鈥 AI adoption is already demonstrating its potential to reshape work across the Kingdom.

But as Alalaiwi warns, even the best tools can backfire without clear boundaries.

鈥淎I can automate repetitive tasks, prioritize communications, and support smarter scheduling, reducing stress and allowing employees to disconnect after hours,鈥 she said. 鈥淗owever, without clear policies, these same tools can generate more notifications, blur boundaries, and increase the expectation of being 鈥榓lways available.鈥欌

Skilling remains a cornerstone of this shift. Microsoft Arabia has committed to training 100,000 Saudi nationals in AI skills by 2025, in partnership with the Ministry of Communications and Information Technology and SDAIA Academy. Programs like the Microsoft AI Academy and the Center of Excellence for AI and Cloud Computing aim to prepare Saudi talent with globally recognized certifications and hands-on skills.

Microsoft Arabia has committed to training 100,000 Saudi nationals in AI skills by 2025, in partnership with the Ministry of Communications and Information Technology and SDAIA Academy. (Supplied)

Badhris advises business leaders to act now rather than wait for a perfect plan.

鈥淪tart small but start now,鈥 he said. 鈥淚dentify where AI can cut through the noise, reduce repetitive tasks, and unlock focus. These quick wins often become the catalyst for deeper cultural change.鈥

As 海角直播 accelerates toward Vision 2030, the pressure to transform digitally is rising. But Badhris believes the real competitive edge in the AI era will come not from being the busiest, but from being the smartest鈥攁nd the most human.

鈥淲e can let work spill endlessly into our evenings,鈥 he said, 鈥渙r we can reclaim time for the things that matter.鈥


 

 


Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes鈥

Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes鈥
Updated 18 September 2025

Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes鈥

Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes鈥

RIYADH: 海角直播鈥檚 ports saw robust growth in 2024, with exports climbing 9.3 percent to 222.4 million tonnes, pushing total cargo volumes to 334.5 million tonnes and reinforcing the Kingdom鈥檚 expanding role in global trade.

Data from the General Authority for Statistics showed that King Fahad Industrial Port in Yanbu led in exports, handling 114 million tonnes 鈥 or 51 percent of the total. Imports also rose 3.6 percent to 108.9 million tonnes last year.

The surge in cargo aligns with 海角直播鈥檚 National Transport and Logistics Strategy under Vision 2030, which seeks to position the Kingdom as a global logistics hub connecting Asia, Europe, and Africa.

GASTAT鈥檚 report highlighted container activity, noting that more than 2.5 million inbound and outbound containers were handled in 2024, including 1.3 million outbound and over 1.2 million inbound units. Of these, 20-foot containers exceeded 1.3 million, while 40-foot containers surpassed 1.1 million, alongside roughly 1,400 containers of other sizes.

In terms of port throughput, Yanbu led with 39.8 percent, followed by King Fahad Industrial Port in Jubail at 19 percent. King Abdulaziz Port in Dammam accounted for 15.5 percent, Jeddah Islamic Port handled 14.1 percent, and the remaining 11.6 percent was distributed among other ports nationwide.

King Abdulaziz Port in Dammam also received the largest share of imports, totaling 38 million tonnes (35 percent of inbound cargo), while Yanbu dominated exports with 114 million tonnes (51 percent of outbound shipments).

Liquid bulk cargo topped all categories, exceeding 177 million tonnes, underscoring the continued importance of oil and petrochemical trade. Transshipment cargo surpassed 21 million tonnes, including nearly 11 million tonnes loaded and 10.4 million tonnes unloaded 鈥 equivalent to around 2 million standard containers.

Vessel traffic remained strong, with 8,693 ships docking at Saudi ports. Jeddah Islamic Port received the highest volume at 3,805 vessels, followed by King Abdulaziz Port with 1,980, Neom Port with 951, and Yanbu with 554.

Passenger traffic, however, fell 19.6 percent from 2023, totaling 912,800 travelers. Jazan Port recorded the highest passenger activity at over 485,000, followed by Jeddah Islamic Port with 217,600 and Neom Port with 205,100.

Compiled using data from the Saudi Ports Authority and related entities, the annual maritime report provides valuable insights into the flow of goods, passengers, and vessels, offering a foundation for future transport sector planning and development.


Closing聽Bell: Saudi main index聽rises to close at 10,780聽

Closing聽Bell: Saudi main index聽rises to close at 10,780聽
Updated 18 September 2025

Closing聽Bell: Saudi main index聽rises to close at 10,780聽

Closing聽Bell: Saudi main index聽rises to close at 10,780聽

RIYADH: 海角直播鈥檚 Tadawul All Share Index rose on Thursday, gaining 130.30 points, or 1.22 percent, to close at 10,780.69. 

Total trading turnover of the benchmark index reached SR16.4 billion ($4.3 billion), with 191 stocks advancing and 58 retreating. 

The Kingdom鈥檚 parallel market, Nomu, also climbed, adding 167.71 points, or 0.67 percent, to close at 25,290.92, as 38 stocks gained while 42 declined. 

The MSCI Tadawul Index advanced 15.37 points, or 1.11 percent, to close at 1,398.79. 

The day鈥檚 top performer was MBC Group Co., whose shares surged 9.97 percent to SR32.20. Other strong gainers included Electrical Industries Co., up 9.90 percent to SR9.99, and Dar Al Majed Real Estate Co., which rose 7.62 percent to SR13.14. 

On the downside, Saudi Public Transport Co. posted the steepest decline, falling 4.46 percent to SR12.42. Musharaka REIT Fund slipped 3 percent to SR4.20, while Alandalus Property Co. dropped 2.62 percent to SR18.60. 

In corporate developments, Al Kathiri Holding Co. announced that its subsidiary, ALIAN Industry Co., signed a memorandum of understanding with the Rwanda Housing Authority to develop 10,000 affordable housing units. 

According to a Tadawul statement, this MoU aligns with Al Kathiri Holding鈥檚 strategy to grow its presence in international markets and introduce modern construction technologies globally, supporting Saudi Vision 2030鈥檚 goal of promoting national exports.   

Al Kathiri Holding Co. ended the session at SR2.09, up 0.48 percent. 

Separately, 海角直播n Oil Co., Aramco, completed a $3 billion sukuk issuance, comprising 15,000 trust certificates with a par value of $200,000 each. The issuance offers a return of 4.125 percent for five-year certificates and 4.625 percent for 10-year certificates.  

Aramco shares closed at SR24.47, up 1.54 percent. 

Meanwhile, First Avenue for Real Estate Development said the White Land Fees program will have no impact on its Riyadh City portfolio, which consists entirely of income-generating projects and developments under construction with issued building permits. The company emphasized it does not own any undeveloped or 鈥渨hite鈥 land.  

Shares of First Avenue closed at SR8, up 3.71 percent. 


海角直播鈥檚 Al-Baha region unveils industrial projects worth $24m聽

海角直播鈥檚 Al-Baha region unveils industrial projects worth $24m聽
Updated 18 September 2025

海角直播鈥檚 Al-Baha region unveils industrial projects worth $24m聽

海角直播鈥檚 Al-Baha region unveils industrial projects worth $24m聽

JEDDAH: 海角直播鈥檚 Al-Baha region has unveiled SR89 million ($24 million) in industrial projects aimed at attracting investment, creating jobs, and developing its mining and small and medium enterprises sectors. 

Prince Hussam bin Saud bin Abdulaziz, governor of the southwestern region, inaugurated several infrastructure and utility projects at the First Industrial City in Al-Baha, part of efforts to strengthen the local industrial and investment environment. 

The launch was attended by Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef, who also chairs the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, along with its CEO Majed bin Raed Al-Argoubi, according to a statement. 

Al-Baha holds significant untapped mineral wealth, which 海角直播 aims to explore as mining emerges as a key driver of economic diversification under Vision 2030. 

The Ministry of Industry and Mineral Resources recently highlighted the region鈥檚 deposits of precious and base metals 鈥 including gold, silver, copper, zinc, and lead 鈥 alongside industrial rocks and ornamental stones such as feldspar, marble, and pozzolan, estimating the value of these resources at SR285.4 billion. 

The newly launched projects include integrated service and logistics facilities in the industrial city, which 鈥渨ill help attract more quality investments, in line with Saudi Vision 2030 objectives to support regional development and empower the industrial sector,鈥 the statement said. 

Multiple memorandums of understanding were also signed to promote investment, develop national competencies, and strengthen cooperation with academic and professional institutions, including the Technical and Vocational Training Corp. and Al-Baha University. 

鈥淭he agreements aim to enhance collaboration in training, exchanging experiences, qualifying graduates for employment in the industrial sector, and supporting small and medium enterprises through joint programs that contribute to both investment and industrial efficiency in the region,鈥 the statement added. 

Prince Hussam said the projects underscore the Kingdom鈥檚 commitment to advancing the sector, attracting investment, creating youth employment, and boosting SMEs through collaboration with universities and educational institutions. 

Alkhorayef stressed that the industrial and mining sectors are vital for Vision 2030, contributing significantly to economic diversification. 

鈥淗e explained that the ministry seeks to extend its initiatives to all regions of the Kingdom, including Al-Baha, by enabling the local industrial environment and promoting unique industries that will enhance the region鈥檚 economic role,鈥 the statement said. 

The ministry is collaborating with major companies on exploration, creating investment opportunities in mining and downstream industries, and encouraging investors to seize these prospects. 

By July, the region had granted 39 mining licenses, representing total investments of SR117 million. 

Al-Baha鈥檚 industrial base comprises 49 factories: 34 in building materials, nine in food production, five in plastics and rubber, with the remainder in chemicals, metals, and other sectors, according to ministry spokesperson Jarrah Al-Jarrah.