Business Leaders Celebrate the Founding Day of the Kingdom and Share Their Optimism for the Future

March 01, 2023 | By Al-Jazirah

February 22 marks a pivotal occasion in the history of the Kingdom, which is the 296th anniversary of the founding of the first Saudi state, which was founded by Imam Muhammad bin Saud – may God have mercy on him – so that the region later witnessed prosperity and a wide spread of culture and science. On this day, the country is proud of its authentic cultural heritage, displays deep-rooted civilizations and ancient origins, and praises the establishment of King Abdulaziz Al Saud of the third Saudi state, which united different regions of the Arabian Peninsula together. From its beginnings to the present day, the Kingdom has been a major player on the world stage, with its achievements and leaps and bounds in a short period of time.

According to a group of business leaders, the foundation day reflects the interest of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud – may God protect them – in promoting and consolidating the national identity of the citizens of the Kingdom of Saudi Arabia. It represents a great opportunity to be proud of the Kingdom’s outstanding economic, civilizational, and developmental achievements, which are at the forefront of international forums and arenas after Vision 2030.

Tourism and Technology Boom

In this regard , Nawfal Al-Wali, CEO and co-founder of one of the leading technology companies, says : The Kingdom of Saudi Arabia is working hard to make tourism a successful part of Vision 2030 plans. The country is investing in developing smart cities, including the “NEOM” city projects and “ The Line”, which will use the latest technologies of dual digital technology, which are involved in the process of improving urban infrastructure and services. and initiatives such as the Ministry of Health’s Digital Health Strategy and the Ministry of Education’s initiative to integrate digital technology into the classroom.

We believe that integrating gaming technology into the tourism industry in Saudi Arabia will help make it more attractive and interactive for visitors to learn about the country’s culture, history and activities. Businesses can use gaming technology to create engaging, game-like experiences for tourists, including challenges, rewards, and top spot. This approach is expected to attract more tourists and promote the country’s rich heritage all over the world. The future of the tourism sector in Saudi Arabia is promising, with potential for further development through games and other innovative approaches.

For his part, Mr. JS Anand, the founder of a leading hotel chain and an expert in the hospitality sector expressed his regards to the activity and development of the tourism and hospitality sector as he stated that the Kingdom of Saudi Arabia today is undoubtedly one of the most popular countries for business due to its vision and wise policy. The introduction of several new tourism laws issued by the government in order to drive business and investment, support innovation and attract tourists has certainly given an additional boost to the hospitality sector. In addition, with the announcement of investment opportunities worth $6 trillion in the travel and tourism sector until 2030, there are a number of related sectors that will benefit, with the hospitality sector being the biggest beneficiary. There are many measures taken by the government that will help in boosting tourism, which will lead to an increase in the flow of tourists and thus an increase in the demand for hotel accommodation and an increase in occupancy.

For our part, we at Leva Hotels have taken an important step represented in signing two strategic hotel management agreements with Econo, based in Jeddah by Leva Jeddah Al Shatee and Econo from Leva Jeddah Airport Hotel, respectively. As part of the deal, Leva Hotels will be responsible for overseeing the transformation of the two hotels that is in line with Saudi Arabia’s Vision 2030, which aims to attract 100 million visitors by 2030.

New Technologies in Logistics

Soham Chokchi, CEO and expert in managing SaaS-based logistics, said : The distinguished infrastructure, strategic geographical location, and orientation towards digital transformation have made the Kingdom of Saudi Arabia a center for cross-border logistics from one country to another. In the Kingdom of Saudi Arabia alone, there are about 55% of the logistics market operations in the Arab Gulf region. The Kingdom is working to improve export and import operations, such as clearances, and expand the scope of air freight work, in order to greatly increase capabilities. Relying on modern technologies such as artificial intelligence, predictive analytics, prescriptive analytics, business activity analytics, and many other technologies support the feasibility of freight, improve costs, and improve cooperation with partners and all stakeholders in the logistics sector around the world. These competencies enhance the Kingdom’s position as one of the leading countries in the field of supply chains.

The Kingdom has provided billions of dollars to attract investors from around the world in order to develop more industries, which is tangible evidence of the Kingdom’s commitment to strengthening its position in the global economy. As one of the leading countries in providing logistics services, we are very excited to be part of the plans and objectives of the Saudi government and companies operating in the Kingdom to establish a supply chain that meets the needs of the future.

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  • World Logistic Passport

  • Logistics Partner

  • Supply Chains


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