Preserving the Past, Building the Future: Saudi Arabia’s cultural heritage and business synergy

Preserving the Past, Building the Future: Saudi Arabia’s cultural heritage and business synergy
Above, a tourist poses in front of a rose-colored sandstone in Madain Saleh, a UNESCO World Heritage site, near Saudi Arabia’s northwestern town of AlUla. (AFP)
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Updated 09 November 2024
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Preserving the Past, Building the Future: Saudi Arabia’s cultural heritage and business synergy

Preserving the Past, Building the Future: Saudi Arabia’s cultural heritage and business synergy

RIYADH: As Saudi Arabia embarks on an ambitious journey toward a thriving economy, the nation is uniquely positioned to harmonize the conservation of its rich cultural heritage with the development of vibrant business opportunities.

The Kingdom is committed to various initiatives, such as cultural tourism projects and the revival of artisanal craftsmanship, which not only safeguard its diverse cultural tapestry but also drive economic growth.

This approach showcases the symbiotic relationship between tradition and innovation, demonstrating how honoring cultural heritage can foster sustainable development and enhance Saudi Arabia's global influence.

Under the Vision 2030’s Quality of Life Program, the nation is transforming with rapid developments in the cultural sector among others.

This comes as the cultural sector is expected to contribute more than $47.9 billion to the Kingdom’s gross domestic product by 2030.

In the Quality of Life Program 2023 annual report, Saudi Crown Prince Mohammed bin Salman said that the Kingdom is striving to cultivate a deep sense of pride in the nation and actively contribute to global development and progress, across economic, environmental, cultural, and intellectual dimensions.

The report further revealed that in 2023, the Ministry of Culture targeted 108,010 employees in the Saudi cultural sector, but recorded 216,878 workers during the year, reflecting an achievement rate of 201 percent.

The Kingdom also aimed for nine Saudi participants in international cultural events, but actually witnessed 32.

When it comes to the number of cultural events days, Saudi Arabia was targeting 2,093 in 2023 but recorded 3,934 – reflecting an achievement rate of 188 percent.

As for the number of cultural facilities, the Kingdom was aiming for 41 in 2023 but achieved 45.

Cultural tourism’s contribution to economic development

Cultural tourism has been essential in diversifying the Kingdom's economy by boosting local hospitality, retail, and service industries, while also enhancing Saudi Arabia's global standing in cultural diplomacy.

“The revitalization of cultural landmarks such as AlUla, Diriyah, and UNESCO-listed sites has significantly enhanced Saudi Arabia’s international appeal, repositioning the Kingdom as a global destination not only for religious pilgrimage but also for its rich history, arts, and traditions,” Patrick Samaha, partner at Public Sector at Kearney Middle East & Africa told Arab News.

“With 30 million international tourists visiting in 2023, the influx has boosted local businesses in hospitality, retail, and services, generating new jobs, particularly in regions where tourism was previously underdeveloped,” Samaha added.

The Kearney partner went on to add that the Kingdom’s active participation in cultural diplomacy has resulted in stronger global relationships and a growing international appreciation for its rich heritage.

“This is reflected in the government’s significant investment in cultural landmarks, which will further open opportunities for hosting international events, forums, and conferences. Without a doubt, Saudi Arabia is well on its way to becoming a leader in cultural tourism,” he said.

There is no doubt that the Kingdom is working to diversify its economy by attracting visitors to explore its diverse landscape and rich cultural heritage.

Tamer El-Leisi, consulting partner at PwC Middle East told Arab News that the Kingdom has reported the highest growth among G20 countries in 2024, gaining international recognition, fostering cross-cultural understanding as well as enhancing the country's global image as an open and welcoming destination.

“It has also supported the preservation of historical sites and provided income opportunities for local artisans,” he added.




Tamer El-Leisi, consulting partner at PwC Middle East. (Supplied)

The PwC Middle East consulting partner said this work has a “profound impact” on economic growth, enhancing the labor market, and supporting local businesses.

“As cultural tourism grows, so does the demand for professionals in various sectors, such as hospitality, entertainment, and creative arts, which in turn boosts employment and economic growth,” El-Leisi added.

He highlighted that as a result of these efforts, the number of international and domestic tourists exceeded 100 million tourists in 2023, spending more than SR250 billion ($66.6 billion).

“These numbers have even increased during the first quarter of 2024 by 10 percent with an increase of around 17 percent in spending. By 2030, the tourism sector aims to account for over 10 percent of the country’s GDP,” he said.

As Saudi Arabia strives to become a global center for cultural tourism, building international partnerships with other nations, cultural institutions, and global organizations is crucial for success.

Balancing cultural heritage and business growth

The Saudi government has been crucial in safeguarding the Kingdom’s heritage while promoting an economically sustainable sector by supporting the heritage ecosystem, attracting private investment, and developing local talent.

According to Samaha, Saudi Arabia has recognized the importance of preserving its heritage at a time when it is embracing global cultural exchange, which is why heritage plays a central role in its Vision 2030.

“Rightfully so, key government initiatives have focused on boosting the socio-economic impact of heritage and the broader cultural sector, aiming to create a sustainable industry that appeals to younger generations. To achieve this, the Kingdom has developed a robust ecosystem, composed of both government and non-government entities, mandated to unlock the socio-economic potential of the sector and attract private investment,” the Kearney partner said.

He added: “For example, the creation of the Heritage Commission under the Ministry of Culture has enabled heritage sites to become catalysts for economic activity and offers various training programs to develop local talent in the heritage field.




Shahid Khan, partner and global head of Media, Entertainment, Sports, and Culture at management consulting firm Arthur D. Little.

Samaha continued to note that the Royal Institute of Traditional Arts was established to nurture talent in local crafts and generate business opportunities for artists through incubators and apprenticeship programs.

“These are just two examples of the many impactful initiatives being implemented by the Saudi government,” he said.

Undoubtedly, the Kingdom has demonstrated a firm commitment to cultural heritage by employing innovative and forward-thinking strategies to safeguard and preserve it for future generations. Those efforts foster a strong connection between cultural preservation and economic development.

“This is evident in many ways. For instance, the rehabilitation, restoration and promotion of historic sites and cultural attractions is encouraging exploration of cultural sites. Meanwhile, an emphasis on cultural tourism is strengthening national identity, fostering unity and shared purpose among the population,” El-Leisi said.

He stressed that local communities are actively engaging with tourists, not only enriching visitors’ experiences but also supporting community development. 

“Furthermore, investing in sustainable tourism practices is ensuring that the country's cultural heritage is preserved for future generations while minimizing the environmental impact of tourism activities. The Saudi government is focusing on responsible tourism, implementing green initiatives, and supporting eco-friendly businesses in the tourism sector,” the PwC partner added.

Preservation cultural heritage to attract investments

The preservation of Saudi Arabia’s cultural heritage plays a key role in attracting investment, fostering sustainable growth, and enhancing the Kingdom’s global standing, aligning with Vision 2030.

“By protecting heritage sites, especially those recognized by UNESCO, Saudi Arabia boosts tourism and diversifies its economy. Traditional crafts and cultural practices also stimulate the creative industries, drawing investment into cultural and luxury sectors,” Shahid Khan, partner and global head of Media, Entertainment, Sports, and Culture at management consulting firm Arthur D. Little, told Arab News.

“Globally, these efforts enhance Saudi Arabia's cultural diplomacy and soft power, strengthening its influence in international affairs. Through these initiatives, the Kingdom builds a sustainable, diversified future while positioning itself as a cultural leader on the world stage,” Khan added.

Ongoing initiatives that effectively blend the preservation of cultural heritage

Saudi Arabia is effectively merging the protection of its cultural heritage with economic growth through important initiatives outlined in Vision 2030.

“AlUla is being transformed into a global tourist destination, preserving ancient tombs and relics while generating jobs and revenue through luxury tourism. Similarly, Diriyah, the historic birthplace of the Saudi state, is undergoing restoration, combining heritage conservation with commercial and luxury developments,” Khan said.

“The Red Sea Project focuses on eco-tourism, safeguarding both natural and cultural heritage while creating employment and diversifying the economy,” he added.

The Arthur D. Little partner went on to note that in Jeddah, the restoration of its UNESCO-listed historic district is boosting tourism through traditional markets and cultural festivals.

“These projects illustrate how Saudi Arabia is harmonizing tradition with modern business opportunities to foster sustainable growth. The region can further draw inspiration from countries like Japan and Morocco, which have successfully promoted their cultural heritage while reaping significant economic benefits from tourism and cultural industries,” Khan said.


How AI could end Saudi Arabia’s ‘infinite workday’

How AI could end Saudi Arabia’s ‘infinite workday’
Updated 18 September 2025
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How AI could end Saudi Arabia’s ‘infinite workday’

How AI could end Saudi Arabia’s ‘infinite workday’
  • AI adoption is already demonstrating its potential to reshape work across the Kingdom.
  • Companies must ‘redesign workflows to cut through digital noise, unlock focus’

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 “infinite workday” is becoming the norm. According to Microsoft’s 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 — 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.

“AI is not a passing trend. It’s a generational shift that is redefining how work gets done, how decisions are made, and how value is created,” Badhris told Arab News. “The organizations that thrive will be those that are willing to reimagine, not just automate, how work works.”

Turki Badhris, president of Microsoft Arabia. (Supplied)

He calls this the “Frontier Firm mindset,” 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.

“With digital transformation under Vision 2030 and the shift to flexible work models after the pandemic, it’s becoming harder for people to switch off,” said Aminah Alalaiwi, assistant manager HR Business Partner at Bupa Arabia.

“Over time, that takes a real toll on the employee and induces burnout, stress, and lower engagement,” she said.

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

“It gave me the tools to spot early signs of struggle and respond in a way that actually helps,” she added. “That’s why I believe HR has to go beyond policies. We need to actively create cultures where well-being and performance reinforce each other.”

AI adoption is already demonstrating its potential to reshape work across the Kingdom. At Obeikan Investment Group, the O3ai platform — built on Azure OpenAI and IoT — 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’aden, 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’s role is to help companies go beyond merely deploying tools.

“We work hand-in-hand with leaders to align technology adoption with business priorities, governance frameworks, and change management strategies,” he said. “Our approach is about co-creating roadmaps for responsible innovation.”

To support this transformation, Microsoft is investing heavily in local infrastructure. Its new cloud datacenter region in Saudi Arabia 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?

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

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

• 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.

“AI can automate repetitive tasks, prioritize communications, and support smarter scheduling, reducing stress and allowing employees to disconnect after hours,” she said. “However, without clear policies, these same tools can generate more notifications, blur boundaries, and increase the expectation of being ‘always available.’”

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.

“Start small but start now,” he said. “Identify where AI can cut through the noise, reduce repetitive tasks, and unlock focus. These quick wins often become the catalyst for deeper cultural change.”

As Saudi Arabia 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—and the most human.

“We can let work spill endlessly into our evenings,” he said, “or we can reclaim time for the things that matter.”



 

 


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


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

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


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


RIYADH: Saudi Arabia’s 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’s 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 — 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 Saudi Arabia’s 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’s 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 — 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 Bell: Saudi main index rises to close at 10,780 

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

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

RIYADH: Saudi Arabia’s 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’s 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’s 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’s strategy to grow its presence in international markets and introduce modern construction technologies globally, supporting Saudi Vision 2030’s goal of promoting national exports.   

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

Separately, Saudi Arabian 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 “white” land.  

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


Saudi Arabia’s Al-Baha region unveils industrial projects worth $24m 

Saudi Arabia’s Al-Baha region unveils industrial projects worth $24m 
Updated 18 September 2025
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Saudi Arabia’s Al-Baha region unveils industrial projects worth $24m 

Saudi Arabia’s Al-Baha region unveils industrial projects worth $24m 

JEDDAH: Saudi Arabia’s 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 Saudi Arabia 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’s deposits of precious and base metals — including gold, silver, copper, zinc, and lead — 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 “will help attract more quality investments, in line with Saudi Vision 2030 objectives to support regional development and empower the industrial sector,” 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. 

“The 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,” the statement added. 

Prince Hussam said the projects underscore the Kingdom’s 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. 

“He 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’s economic role,” 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’s 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. 


Aramco raises $3bn via dual-tranche sukuk 

Aramco raises $3bn via dual-tranche sukuk 
Updated 18 September 2025
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Aramco raises $3bn via dual-tranche sukuk 

Aramco raises $3bn via dual-tranche sukuk 

JEDDAH: Saudi energy giant Aramco has raised $3 billion through a dual-tranche sukuk issuance, highlighting strong global investor confidence and reinforcing the Kingdom’s standing in international Islamic finance. 

Priced on Sept. 10, the securities were listed on the London Stock Exchange, the company said. Proceeds will be used for general corporate purposes, supporting Aramco’s strategy to maintain financial flexibility and operational efficiency. 

The new sukuk tranches comprise $1.5 billion maturing in 2030 with a profit rate of 4.125 percent per annum, and $1.5 billion maturing in 2035 at 4.625 percent per annum. 

The issuance follows a similar $3 billion two-tranche sukuk in October, which was six times oversubscribed. That sale included a $1.5 billion tranche maturing in 2029 at 4.25 percent and another $1.5 billion tranche due in 2034 at 4.75 percent. 

Ziad Al-Murshed, Aramco executive vice president of finance and CFO, said: “We believe this successful issuance reflects the confidence of global investors in Aramco’s exceptional financial resilience and robust balance sheet, as we continue to optimize our capital structure.” 

He added: “Our ability to price the offering with a negative new issue premium across both tranches demonstrates Aramco’s unique credit proposition and standing within international capital markets.” 

According to the company’s press release, the offering attracted robust demand from top-tier institutional investors.