Saudi Arabia’s markets ready for annual surge in demand

The Ministry of Commerce recently sent inspection teams across Madinah, which conducted over 12,765 visits to commercial establishments and centers as part of its Hajj season operational plan to ensure pilgrims a safe shopping experience. (SPA)
The Ministry of Commerce recently sent inspection teams across Madinah, which conducted over 12,765 visits to commercial establishments and centers as part of its Hajj season operational plan to ensure pilgrims a safe shopping experience. (SPA)
Short Url
Updated 17 June 2024
Follow

Saudi Arabia’s markets ready for annual surge in demand

Saudi Arabia’s markets ready for annual surge in demand
  • Souvenirs and gifts for loved ones are a cherished homecoming tradition for pilgrims

JEDDAH: Every year, markets in Saudi Arabia witness increased footfall as Hajj pilgrims look for souvenirs and gifts to commemorate the journey of a lifetime.

The gold market, especially in Makkah, Madinah and Jeddah, thrives with its showcase of intricate designs, from traditional to contemporary styles, catering to diverse jewelry tastes.

Speaking to Arab News, Mohammed Akbar, a trader in Jeddah said: “During the Hajj season, we make it a point to showcase designs that cater to all nationalities. Pilgrims from diverse countries have a penchant for various types of gold.




The Ministry of Commerce recently sent inspection teams across Madinah, which conducted over 12,765 visits to commercial establishments and centers as part of its Hajj season operational plan to ensure pilgrims a safe shopping experience. (SPA)

“Buying gold is viewed as an investment, particularly by many Asian and African pilgrims, as they often find gold jewelry to be more affordable and of superior quality compared to what is available in their home countries. We expect an increase in gold sales this year.”

The rising price of gold has emerged as a significant trend, indicating the increasing demand and investment appeal of this valuable metal among pilgrims. As per traders, the rates for 21-carat gold are expected to range between SR250 ($66.6) to SR254 per gram, and SR267 per gram for 22-carat gold during the Hajj season.

HIGHLIGHTS

• Handcrafted goods, such as calligraphy art, prayer beads, and intricately designed prayer rugs, serve as tangible reminders of the sacred journey undertaken by pilgrims.

• Buying gold is viewed as an investment by some pilgrims, as they find Kingdom’s gold jewelry to be more affordable and of superior quality, says Jeddah trader.

Beyond gold purchases, the market for Hajj souvenirs includes an array of items with Islamic motifs. Handcrafted goods, such as calligraphy art, prayer beads, and intricately designed prayer rugs, serve as tangible reminders of the sacred journey undertaken by pilgrims. These souvenirs not only hold sentimental value but also serve as meaningful gifts to loved ones back home.




The Ministry of Commerce recently sent inspection teams across Madinah, which conducted over 12,765 visits to commercial establishments and centers as part of its Hajj season operational plan to ensure pilgrims a safe shopping experience. (SPA)

Mohammed Dossary, an Egyptian pilgrim attending Hajj with his family, said: “This is my second Hajj pilgrimage, but the first with my family. During my previous visit, I only brought simple gifts such as sweets, prayer mats, nuts and toys for the children. However, this time I have noticed a significant change — every shop now offers unique items with a wider range of options.

“Near my hotel, there is a perfume store that personalizes perfumes in 50ml bottles by engraving names on them. We purchased two dozen of these customized perfumes for our family members.”

Waleed Jabir from Oman expressed his surprise at the changes in the markets and price increases. “I am taken aback by the increase in prices across the board. Miswak, previously priced at two riyals, now cost SR15 due to their organic nature and the introduction of modern packaging with a reusable safe case,” he said.

Jabir added that the variety of toys available has also expanded, noting that he purchased Islamic quiz flash cards, board games, and a toy laptop that contains the entire Qur’an recorded on it.

Saleh Mohammed, who owns a shop near Al-Masjid an-Nabawi, said: “Every pilgrim desires distinctive souvenirs such as silverware, precious stones, intricately crafted jewelry, handwoven textiles, or dates. Selling just a single piece of silverware brings in a substantial amount.

“Additionally, engraving names on prayer mats is a service frequently requested by pilgrims. In a society where material goods can lose their significance, these souvenirs are often cherished as lasting memories.”

 


KSrelief delivers winter aid and dates to Yemen’s vulnerable

KSrelief delivers winter aid and dates to Yemen’s vulnerable
These packages form part of the emergency shelter project in Yemen. (SPA)
Updated 08 November 2024
Follow

KSrelief delivers winter aid and dates to Yemen’s vulnerable

KSrelief delivers winter aid and dates to Yemen’s vulnerable

RIYADH: The Kingdom’s aid agency KSrelief has delivered dates and winter shelter to vulnerable people in Yemen, the Saudi Press Agency reported late Thursday.

KSrelief’s volunteers distributed 100 winter bags in Thamud district, Hadhramaut governorate, for 600 individuals from 100 vulnerable families.

These packages form part of the emergency shelter project in Yemen. (SPA)

The aid is a part of the agency’s emergency shelter project in the country.

Meanwhile, 2,459 cartons of dates were delivered in Al-Wadi district, Marib governorate, for the benefit of 14,754 people.


KSrelief continues international relief efforts in Chad, Pakistan

KSrelief continues international relief efforts in Chad, Pakistan
Updated 08 November 2024
Follow

KSrelief continues international relief efforts in Chad, Pakistan

KSrelief continues international relief efforts in Chad, Pakistan

RIYADH: Saudi aid agency KSrelief has delivered aid to people most in need in Chad and Pakistan, reported the Saudi Press Agency.

Some 201 food parcels, benefiting 1,206 people, were distributed in the village of Sharkaya, in Hajar Lamis province, as part of the 2024 Food Security Support Project in the Republic of Chad.

Aid has also been given to 10,500 vulnerable people in flood-affected areas of Pakistan as part of the fourth phase of KSrelief’s initiative to provide shelter materials and winter bags to the country.


Saudi agency KSrelief delivers food, hygiene kits in Syria

Saudi agency KSrelief delivers food, hygiene kits in Syria
The aid is a part of KSrelief’s projects to support earthquake-affected people in northern Syria. (SPA)
Updated 08 November 2024
Follow

Saudi agency KSrelief delivers food, hygiene kits in Syria

Saudi agency KSrelief delivers food, hygiene kits in Syria
  • The aid is a part of KSrelief’s projects to support earthquake-affected people in northern Syria

RIYADH: The Kingdom’s aid agency KSrelief has distributed food and hygiene kits to thousands of vulnerable people across Syria, the Saudi Press Agency reported late Thursday.

The agency’s volunteers delivered 750 food parcels and 750 hygiene kits in Al-Hasakah, Syria, benefiting 4,500 people.

The aid is a part of KSrelief’s projects to support earthquake-affected people in northern Syria. (SPA)

Meanwhile 745 Syrian families, comprising 2,652 people, in Al-Dana, Idlib governorate, received food and hygiene kits.

The aid is a part of KSrelief’s projects to support earthquake-affected people in northern Syria.


How Google aims to bridge the AI skills gap in Saudi Arabia and the wider region

How Google aims to bridge the AI skills gap in Saudi Arabia and the wider region
Updated 08 November 2024
Follow

How Google aims to bridge the AI skills gap in Saudi Arabia and the wider region

How Google aims to bridge the AI skills gap in Saudi Arabia and the wider region
  • Backed by local partners, Google will boost AI upskilling for women, youth, migrants, and rural communities
  • The AI Opportunity Initiative aims to equip half a million people across the MENA region with AI skills

DUBAI: As artificial intelligence rapidly reshapes industries, job roles and skill requirements, the Middle East and North Africa region is actively embracing advanced technologies and collaborating with tech giants to bridge the skills gap in an evolving labor market.

One such collaboration is with Google’s newly launched AI Opportunity Initiative, which offers training and education opportunities to make AI technologies more accessible and inclusive across the region.

By collaborating with local organizations, the AI Opportunity Initiative seeks to “train half a million people in the next two years,” Anthony Nakache, managing director of Google MENA, told an audience at the recent AI Connect MENA event at Dubai’s Etihad Museum.

To achieve this, Google “will give a grant of $15 million to fund local organizations,” Nakache said.

Najeeb Jarrar, regional director of marketing at Google MENA, told Arab News: “We are very excited about this AI Opportunity Initiative, especially since we are seeing the Saudi community is fully embracing AI both on the consumer side and on the developer and resource side.

“This is an initiative that we have launched globally and we now are bringing to the region. One of the aims of this initiative is how we are leveling the playing field for AI and AI education and skilling across the entire region,” he added, noting that students will learn to use AI more productively, including skills such as prompt engineering.

To bridge the digital divide in the labor market, Google’s AI Opportunity Initiative aims to upskill underserved workers in AI by offering tailored training materials in Arabic, in partnership with the non-profit Manarat, online course provider Coursera, and other organizations.

Google’s largest AI project in the region, the AI Opportunity Initiative will focus on four key areas: AI skills development, research, products, and infrastructure.

DID YOUKNOW?

• The new AI Opportunity Initiative is Google’s largest AI project in the region.

• It aims to equip 500,000 people in the MENA region with AI skills within two years.

• Google is granting $15 million to local organizations between 2024 and 2027.

• The Saudi government is reportedly creating a $40 billion fund to invest in AI.

“We also worked with local NGOs and local players in the market to ensure that we are also reaching out to different partners,” Jarrar said.

Google.org, Google’s philanthropic arm, has announced plans to contribute $15 million between this year and the end of 2027, providing funding to organizations across the region to ensure accessibility to AI opportunities.

The AI Opportunity Initiative also aims to equip 500,000 people in the MENA region with AI skills in the first two years. This includes students, academics, developers, entrepreneurs and underrepresented groups.

Speaking about the issue of accessibility, Jarrar said: “We wanted to ensure first that this local initiative does not feel like an initiative that is hard to get for the average user.”

Google’s largest AI project in the region, the AI Opportunity Initiative will focus on AI skills development, research, products, and infrastructure. (Supplied)

He pointed out that both language and local partners, such as Injaz and Raspberry Pi Foundation, play a major role in improving accessibility.

“The content is all in Arabic, we have local examples that we are actually able to showcase,” he said. “We are partnering with local partners that know the market and the community very well and are able to reach more people that are beyond what we can initially reach to.”

The AI Opportunity Initiative enables Google to expand the Maharat min Google program, which targets high school and university students, by introducing a new AI curriculum in Arabic.

As part of its mission to support underserved communities, Google.org is funding Village Capital, a non-profit that supports entrepreneurs tackling environmental, social and economic challenges.

Village Capital will equip business support organizations to offer AI upskilling opportunities to underserved workers. 

The program targets women, youth, migrants and rural communities across Saudi Arabia, the UAE, Qatar, Jordan, Palestine, Egypt, Tunisia, Morocco, Lebanon, Bahrain and Iraq. 

The Raspberry Pi Foundation will use grant funding from Google.org to train teachers in AI literacy, equipping students aged 11-14 in the region with AI safety skills to better understand and navigate the challenges of AI technologies.

Opinion

This section contains relevant reference points, placed in (Opinion field)

Speaking at the Google AI Connect Event, Ruth Porat, president and chief investment officer for Alphabet and Google, said: “AI is estimated to contribute $320 billion in economic growth for the Middle East by 2030.

“Google is working to ensure that people and communities throughout the region have the skills needed to capture the upside of this emerging technology.” 

She added: “Our local non-profit and university partners will help bring this program to people and communities throughout the region, ensuring that everyone can benefit from the opportunities that AI can deliver.”

 Ruth Porat, president and chief investment officer for Alphabet and Google, speaking at the Google AI Connect event. (Photo courtesy of Google)

Since 2005, Google has invested more than $400 million in academic research globally.

The tech giant also announced during its Dubai event the launch of new Arabic AI products, including Gemini Live in Arabic, Gemini for Teens, Imagen3, and Gems on Gemini in Arabic. 

“For the previous year, we have worked hard with partners, with experts globally and from the region, to understand what are the constraints that we need to implement to make this product safer for teens, teens aged 13 to 18,” Jarrar said.

“We worked tirelessly to make sure we have the right guardrails to ensure that we had the right controls and the proper Q and A and testing, and today we are happy to say that Gemini for Teens is available for users and teens here in the region.”

These efforts are expected to support Saudi Arabia’s ambition to become an AI leader, ensuring its population stays aligned with the latest developments in the labor market.

A September report by the Saudi Authority for Data and Artificial Intelligence showed that 75 percent of the Saudi population is familiar with the concept of AI, and 64 percent are aware of its applications.
 

 


Saudi Arabia’s recreational spaces ready for holiday season

Saudi Arabia’s recreational spaces ready for holiday season
Updated 08 November 2024
Follow

Saudi Arabia’s recreational spaces ready for holiday season

Saudi Arabia’s recreational spaces ready for holiday season

AL-BAHA: Saudi authorities have announced extensive preparations of public recreational facilities ahead of the school holiday season.

The Al-Baha municipality has readied 142 parks and recreational areas, along with municipal squares, public spaces and streets, to welcome visitors and tourists.

According to regional secretary, Ali bin Mohammed Al-Sawat, these facilities span more than 4,188,559.98 million square meters and feature amenities including children’s playgrounds, green spaces, shade structures, lighting, sidewalks, seating areas and parking, and facilities for activities such as walking and cycling.

The Al-Barouqi Tourist Farm in Al-Baha region features agricultural terraces, famous trees and old wells. (SPA)

Meanwhile, the Eastern Region Municipality has completed the preparation of 979 parks and public squares, 18 public recreational parks, 14 waterfront areas and 213 walking tracks.

The facilities are timely as moderate weather conditions and school breaks attract more outdoor activity.

The municipality emphasized its commitment to regular maintenance of these facilities, considering them vital breathing spaces for citizens and residents.
 

Al-Nakheel Park Tabuk region's Haql governorate is more than just a recreational destination. It is a place where residents and visitors can uncover stories of the past, shared by their ancestors. (SPA)