黑料社区

黑料社区 taps AI and immersive tech to drive tourism growth

黑料社区 taps AI and immersive tech to drive tourism growth
Smart tourism refers to the use of advanced digital technologies across the tourism value chain to enhance visitor experiences, improve operations, and support sustainable destination management. (SPA)
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Updated 17 August 2025

黑料社区 taps AI and immersive tech to drive tourism growth

黑料社区 taps AI and immersive tech to drive tourism growth
  • Experts highlight challenges facing KSA in implementing advanced technologies in its tourism sector

黑料社区 is ramping up the adoption of smart technologies such as artificial intelligence, augmented reality, and virtual reality across its tourism sector, aiming to redefine the visitor experience and support its broader economic diversification agenda.

Experts say the integration of these technologies across flagship projects like Neom and the Red Sea Project is positioning the Kingdom as a global tourism hub at a time when the industry is recovering from the pandemic and projected to reach $11.7 trillion in economic contribution by 2025.

As part of Vision 2030, the Kingdom is positioning tourism as a key non-oil growth engine. Its National Tourism Strategy targets 150 million annual visitors by 2030 and aims to raise the sector鈥檚 contribution to gross domestic product from 3 percent to 10 percent.

Speaking to Arab News, Nicholas Nahas, partner and tourism & hospitality global competence center lead at Arthur D. Little, said 黑料社区 is intelligently integrating smart technologies into its tourist destinations, helping the Kingdom emerge as one of the most sought-after tourism hubs.

鈥淚n 黑料社区, smart tourism, while not always explicitly referenced or promoted as such across its portfolio of tourism developments, is subtly being integrated as a strategic enabler of the country鈥檚 broader economic shift to diversifying its economy,鈥 said Nahas.

He added: 鈥淚t includes artificial intelligence for personalized trip planning, biometric systems to streamline travel and immigration, IoT-enabled controls in accommodations, and AR/VR to create immersive storytelling at cultural and entertainment sites.鈥

Nahas further said that smart technologies are being planned as enablers to manage growth, enhance quality, and differentiate the visitor experience.

Smart tourism refers to the use of advanced digital technologies across the tourism value chain to enhance visitor experiences, improve operations, and support sustainable destination management.

The concept also aligns with the idea of a Smart Destination 鈥 a location that leverages technology and innovation to create more immersive and sustainable experiences.

Julio De Salvo, Globant鈥檚 chief solution officer for the Middle East and North Africa and the Asia Pacific region, echoed similar views. He said 黑料社区 is well-positioned to become a global tourism hub, and this journey could be further accelerated by adopting smart technologies across the sector.

Salvo added that some of the key drivers of smart tourism in the Kingdom include massive investments in smart infrastructure 鈥 such as AI-enhanced airports and digital visa platforms 鈥 a young, tech-savvy population, and a strong commitment to sustainability through regenerative models that prioritize environmental and cultural preservation.

The Globant executive also commented on the global post-pandemic recovery of the tourism sector and said the industry is accelerating toward a projected $11.7 trillion in economic contribution by the end of 2025.

鈥満诹仙缜 isn鈥檛 riding the wave of global tourism recovery; it鈥檚 creating its own momentum, using smart tourism as a catalyst for economic diversification, innovation leadership, and long-term global relevance,鈥 said Salvo.

Creating personalized experience

Salvo told Arab News that the tourism industry is witnessing a rapid shift, where digital tourism is slowly giving way to cognitive tourism 鈥 with advanced technologies used to deliver personalized services to travelers.

鈥淚n 黑料社区, it鈥檚 no longer just about online bookings or mobile apps 鈥 it鈥檚 about intelligent systems that understand, anticipate, and adapt to travelers鈥 behavior in real-time,鈥 said Salvo.

A recent study by global consumer insights provider Toluna echoed this trend, noting that Saudi travelers are increasingly relying on smart technologies, with 87 percent using generative artificial intelligence tools like ChatGPT and Gemini to plan and manage their vacations.

As part of Vision 2030, the Kingdom is positioning tourism as a key non-oil growth engine. Its National Tourism Strategy targets 150 million annual visitors by 2030 and aims to raise the sector鈥檚 contribution to gross domestic product from 3 percent to 10 percent.

The report further found that 46 percent of Saudi travelers use AI assistants to discover activities, while 31 percent rely on these tools to optimize their itineraries.

Nahas said destinations powered by smart technologies are delivering more personalized, seamless, and immersive experiences 鈥 supporting higher satisfaction levels and encouraging repeat visitation.

The Arthur D. Little official added that these technologies will also enable more sustainable operations, from energy use in hotels to mobility and waste systems in major destinations.

鈥淚mportantly, the Kingdom鈥檚 flagship tourism projects 鈥 such as Neom, the Red Sea Project, Diriyah, Qiddiya, and New Murabba 鈥 are integrating smart systems as a core component of how tourism experiences are crafted, delivered, and continuously improved,鈥 said Nahas.

Neom aims to elevate the visitor experience through AI-led personalization and immersive digital engagement.

The Red Sea Project similarly integrates smart infrastructure to enable seamless and sustainable guest experiences. The destination is deploying IoT sensors to monitor environmental indicators, utilities, and operational systems across its resorts and natural assets.

Diriyah, while rooted in heritage, is incorporating digital heritage documentation and exploring interactive technologies to enhance cultural storytelling 鈥 aligning with broader trends in cultural tourism that use immersive tools to enrich historical engagement and visitor education.

Nahas added: 鈥淭hese systems could be equally used to monitor visitor needs, respond to requests, and elevate the visitor experience.鈥

鈥淧lans also include autonomous electric vehicles, smart utility management, and a centralized digital platform that will allow guests to access accommodation, transportation, and experience bookings.鈥

Salvo also emphasized the transformative role of data and AI. 鈥淏y integrating real-time data 鈥 from IoT sensors to traveler preferences and even biometric signals 鈥 we can deliver experiences that are not just personalized, but truly responsive,鈥 said the Globant official.

He added: 鈥淭his is how data becomes experience 鈥 and how destinations become intelligent, dynamic environments that adapt in real time. It鈥檚 a win-win: travelers feel seen, and operators gain the insight and agility to manage resources, reduce friction, and elevate every journey.鈥

Nahas said AI is also becoming increasingly prominent in trip planning and customer service, with chatbots offering timely support and tools generating personalized itineraries.

According to the Arthur D. Little executive, service robots using AI could be deployed in budget accommodations to handle routine tasks such as cleaning and food delivery, boosting both efficiency and consistency.

鈥淥n the infrastructure side, IoT, cloud, and AI systems are being integrated into facilities to monitor and control environmental conditions in real time. This supports sustainability goals by optimizing resource use and maintaining comfort standards, particularly in large-scale developments,鈥 said Nahas.

Potential challenges

Amid these promising developments, experts also highlighted challenges facing 黑料社区 in implementing advanced technologies in its tourism sector 鈥 including localization gaps.

鈥淢any of the most advanced solutions in areas such as AI, AR/VR, and IoT are currently developed outside the Kingdom. As 黑料社区 integrates these tools into its tourism offering, collaboration with international partners will be important, alongside efforts to build local capabilities over time,鈥 said Nahas.

Highlighting the importance of regulation, the Arthur D. Little executive added that clear guidelines around data governance, cybersecurity, and system standards will be essential to support consistent implementation and long-term alignment with national priorities.

Salvo shared similar concerns, emphasizing the need for talent development to support the growing smart tourism ecosystem. He said this requires upskilling programs and international partnerships to close expertise gaps.

鈥淢ajor tech infrastructure, including nationwide 5G networks, smart airports, and cloud systems, is still rolling out, with delays in full deployment potentially hindering real-time applications like personalized AI tours and immersive experiences in mega-projects like The Red Sea and Neom,鈥 added the Globant official.

Despite these challenges, experts told Arab News that smart tourism can grow into a well-integrated part of 黑料社区鈥檚 tourism strategy 鈥 provided there is the right coordination and policy framework.

鈥淭he pieces are steadily coming into place 鈥 with emerging tech adoption readiness jumping to nearly 75 percent in 2025 鈥 and paint a bright future where smart tourism not only overcomes these obstacles but propels 黑料社区 to lead in innovative, regenerative travel,鈥 concluded Salvo.


Aramco raises Petro Rabigh stake to 60% in $702m deal with Sumitomo聽

Aramco raises Petro Rabigh stake to 60% in $702m deal with Sumitomo聽
Updated 7 sec ago

Aramco raises Petro Rabigh stake to 60% in $702m deal with Sumitomo聽

Aramco raises Petro Rabigh stake to 60% in $702m deal with Sumitomo聽

RIYADH: Saudi Aramco completed the acquisition of an additional 22.5 percent stake in Rabigh Refining and Petrochemical Co., known as Petro Rabigh, from Japan鈥檚 Sumitomo Chemical Corp. for $702 million.  

The acquisition, valued at SR7 ($1.87) per share, raises Aramco鈥檚 total ownership to 60 percent and makes it the largest shareholder, while Sumitomo retains 15 percent, the company said in a press release. 

The transaction, first announced in August 2024, includes a $1.4 billion capital injection jointly provided by Aramco and Sumitomo to partly prepay Petro Rabigh鈥檚 debt and bolster its balance sheet.  

The acquisition marks a significant step in Aramco鈥檚 ongoing strategy to expand its integrated refining, chemicals, and marketing operations.  

Hussain Al-Qahtani, Aramco senior vice president of fuels, said: 鈥淧etro Rabigh is a key player in the Kingdom鈥檚 downstream sector and this additional investment by Aramco reflects strong belief in its long-term prospects. It also underscores Aramco鈥檚 focus on downstream expansion and value creation.鈥 

He added: 鈥淲e look forward to exploring closer integration with Petro Rabigh, with the aim of unlocking new opportunities and complementing Petro Rabigh鈥檚 broader transformation objectives, which include upgrading its product mix, enhancing asset reliability and optimizing operations.鈥 

The company said the deal underscores its commitment to value creation, business integration, and portfolio diversification across the downstream sector.  

It also enhances Aramco鈥檚 capacity to support Petro Rabigh鈥檚 transformation program, which targets operational upgrades, improved yields of high-margin products, and greater plant reliability. 

The Petro Rabigh deal follows a series of acquisitions underscoring Aramco鈥檚 strategy to expand its downstream and international footprint. In 2025, the company acquired a 50 percent stake in Blue Hydrogen Industrial Gases Co. to strengthen its position in low-carbon hydrogen production. 

Late last year, Aramco purchased a 10 percent stake in Horse Powertrain Ltd., advancing its presence in hybrid and internal combustion powertrain technologies, and completed the full acquisition of Chile鈥檚 Esmax Distribucion SpA 鈥 its first downstream retail investment in South America. 

As part of the August 2024 deal, the funding will be executed through Class B shares, fully subscribed by both shareholders, allowing Petro Rabigh to receive new capital without altering its governance framework or diluting other shareholders鈥 voting rights. 

Aramco and Sumitomo also waived $1.5 billion in shareholder loans in two stages 鈥 August 2024 and January 2025 鈥 improving Petro Rabigh鈥檚 capital structure and remediating accumulated losses. 

The waiver improves the company鈥檚 capital structure and helps remediate accumulated losses, providing a stronger foundation for future growth. 

As of 12:08 p.m. 黑料社区 time, Aramco鈥檚 share on the Saudi Exchange gained 0.38 percent to reach SR92.95, while Petro Rabigh鈥檚 shares rose 1.82 percent to SR7.84. 


Global sukuk surpasses $1tn amid strong Q3 issuance: Fitch聽

Global sukuk surpasses $1tn amid strong Q3 issuance: Fitch聽
Updated 32 min 19 sec ago

Global sukuk surpasses $1tn amid strong Q3 issuance: Fitch聽

Global sukuk surpasses $1tn amid strong Q3 issuance: Fitch聽

RIYADH: Global sukuk outstanding crossed $1 trillion by the end of the third quarter of 2025, representing a 15.5 percent year-on-year increase, driven by steady Islamic investor demand and issuers鈥 diversification needs, said Fitch Ratings. 

In its latest dashboard, the credit rating agency revealed core markets issued about $80 billion of sukuk in the third quarter of 2025, making it the most active third quarter on record. 

The surge occurred despite challenges including new Shariah requirements, geopolitical events in the Middle East, summer holidays, trade war uncertainties, and volatility in interest, foreign exchange, and commodity markets. 

Bashar Al-Natoor, global head of Islamic Finance at Fitch Ratings, said: 鈥淕lobal sukuk issuance is likely to surpass 2024 this year due to lower rates, steady Islamic investor demand and issuers鈥 funding and diversification needs, with 2026 prospects being promising.鈥 

He added: 鈥淩isks persist from new Shariah requirements, geopolitics and market volatility, but fundamentals are solid.鈥 

Sukuk, also known as Islamic bonds, are Shariah-compliant debt products that allow investors to gain partial ownership of an issuer鈥檚 assets until maturity. 

Al-Natoor noted that 80 percent of Fitch-rated sukuk are investment grade, with no defaults or fallen angels reported in the third quarter. 

The report also highlighted that bond issuance in core markets declined by 17.6 percent compared with the previous quarter. 

Sukuk continues to rise in significance in emerging markets, with a growing share of outstanding debt capital markets in the Gulf Cooperation Council region at 40 percent and across the Association of Southeast Asian Nations at 16 percent. 

The agency further said that sukuk accounted for over 35 percent of total debt capital market issuances in core markets including the GCC, Malaysia, and Indonesia, as well as Turkiye, and Pakistan. 

In a report released in August, the agency said the value of sukuk rated by Fitch Ratings exceeded $210 billion in the first half of 2025, a 16 percent increase from a year earlier, as demand for Shariah-compliant debt continues to accelerate across global markets. 

The US dollar remained the dominant issuance currency, accounting for over 90 percent of rated sukuk, followed by the Malaysian ringgit at 6.2 percent. 

The steady momentum of global sukuk markets underscores the expansion of debt markets in countries like 黑料社区, where domestic and international investors seek diversification and stable returns. 

黑料社区 accounted for 18.9 percent of the $250 billion US dollar debt issuance in emerging markets excluding China during the first half of 2025, slightly higher than the 18.5 percent recorded during the first five months of 2024, when total issuance reached $200 billion. 

Fitch said 黑料社区 was followed by Brazil at 10.6 percent and the UAE at 8.7 percent of total issuances in the period. 


Saudi industrial output rises 7.1% in August on manufacturing, mining boost

Saudi industrial output rises 7.1% in August on manufacturing, mining boost
Updated 09 October 2025

Saudi industrial output rises 7.1% in August on manufacturing, mining boost

Saudi industrial output rises 7.1% in August on manufacturing, mining boost

RIYADH: 黑料社区鈥檚 industrial output climbed 7.1 percent year on year in August, driven by strong gains in the manufacturing and mining sectors, official data showed. 

According to preliminary figures from the General Authority for Statistics, the Kingdom鈥檚 Industrial Production Index rose to 114.2 during the month, reflecting a 1.42 percent increase from July. 

Manufacturing activities increased by 5.6 percent year on year in August, primarily propelled by an 8.9 percent rise in the production of coke and petroleum products.  

Mining and quarrying output advanced 8.1 percent, supported by higher oil production, which averaged 9.72 million barrels per day, up from 8.99 million bpd a year earlier. 

Strengthening the manufacturing sector is a key objective under 黑料社区鈥檚 Vision 2030 agenda, as the Kingdom continues to diversify its economy and reduce dependence on crude revenues. 

鈥淧reliminary results indicate a 7.1 percent increase in the Industrial Production Index in August 2025 compared to the same month of the previous year,鈥 said GASTAT. 

The authority attributed this growth to rises in key sectors, including mining and quarrying, manufacturing, and electricity, gas, and water supply activities. 

The manufacture of chemicals and chemical products also rose 8.6 percent compared with August 2024. 

On a month-to-month basis, the manufacturing sub-index advanced 0.3 percent, driven by a 0.4 percent increase in the production of coke and refined petroleum products. 

Compared to July, mining and manufacturing activities rose 2.1 percent in August.  

GASTAT reported that electricity, gas, steam, and air conditioning supply activities recorded an annual increase of 8.7 percent, while water supply, sewerage, waste management, and remediation operations rose 6 percent. 

In August, oil-related activities expanded 8.3 percent year on year and 1.7 percent month on month, while non-oil activities grew 4.4 percent annually and 0.7 percent from the previous month 鈥 underscoring 黑料社区鈥檚 ongoing efforts to diversify its industrial base under Vision 2030. 

In a separate report released in September, GASTAT said 黑料社区鈥檚 real gross domestic product grew 3.9 percent in the second quarter, fueled by robust non-oil activity that extended its growth streak to 18 consecutive quarters. 


Closing Bell: Saudi main index slips to close at 11,559聽

Closing Bell: Saudi main index slips to close at 11,559聽
Updated 08 October 2025

Closing Bell: Saudi main index slips to close at 11,559聽

Closing Bell: Saudi main index slips to close at 11,559聽

RIYADH: 黑料社区鈥檚 Tadawul All Share Index ended lower on Wednesday, falling 23.96 points, or 0.21 percent, to close at 11,559.27.  

The total trading turnover for the main index stood at SR7.62 billion ($2.03 billion), with 619.4 million shares traded. A total of 60 stocks advanced, while 191 declined.  

The MT30 Index, which tracks the top 30 companies by market capitalization, also slipped 1.75 points, or 0.12 percent, to 1,507.62.   

In contrast, the Nomu parallel market gained 172.63 points, or 0.68 percent, to close at 25,693.25, with 47 gainers and 41 losers.  

Saudi Paper Manufacturing Co. was the day鈥檚 best performer, climbing 3.03 percent to SR59.60. It was followed by Naqi Water Co., which rose 2.71 percent to SR56.95, and Al Babtain Power and Telecommunication Co., which increased 2.50 percent to SR61.50.  

Middle East Pharmaceutical Industries Co. gained 2.13 percent to SR134, while Naseej International Trading Co. advanced 2.03 percent to SR90.30.  

On the downside, Chubb Arabia Cooperative Insurance Co. recorded the sharpest fall, slipping 3.87 percent to SR39.70. Saudi Printing and Packaging Co. dropped 3.66 percent to SR10.79, while Emaar the Economic City fell 3.55 percent to SR13.30.   

Saudi Reinsurance Co. decreased 3.05 percent to SR49.98, and Gulf General Cooperative Insurance Co. shed 3.02 percent to SR5.13.  

On the announcement front, Rabigh Refining and Petrochemical Co. announced developments regarding the binding share sale and purchase agreement between Saudi Aramco and Sumitomo Chemical Co. Ltd.   

The company said the agreement involves the transfer of marketing rights for products currently held by Sumitomo and its affiliates to Saudi Aramco and its subsidiaries.   

The company confirmed that it has entered into related agreements to finalize the amendments required under the 鈥淥mnibus Amendment Agreement.鈥  

Petro Rabigh shares closed 0.26 percent lower at SR7.70.  

Meanwhile, Saudi Vitrified Clay Pipes Co. said that the Saudi Authority for Industrial Cities and Technology Zones approved a waiver of the lease agreement to Al-Muthahidah Al-Manaqiyah Industries Co., making its SR45 million factory sale binding.  

The financial impact will be reflected in the third quarter of 2025, the company said. 

SVCP shares closed 0.86 percent lower at SR27.76.  

In addition, Thimar Advertising, Public Relations and Marketing Co. announced filing a legal lawsuit before the Securities Disputes Resolution Committee against Middle East Financial Investment Co., the manager of the Saudi Film Fund, in connection with a previously signed SR37.5 million investment agreement.   

The company said the disputed amount remains recorded as a debit balance and will be reclassified once a ruling is issued.  

Thimar Advertising鈥檚 shares closed 0.69 percent lower at SR15.82.  


黑料社区, Morocco forge pact to protect investments聽

黑料社区, Morocco forge pact to protect investments聽
Updated 08 October 2025

黑料社区, Morocco forge pact to protect investments聽

黑料社区, Morocco forge pact to protect investments聽

JEDDAH: 黑料社区 and Morocco have signed an agreement to encourage and protect mutual investments, aiming to safeguard investors鈥 rights and boost cross-border capital flows as the two nations strengthen economic cooperation. 

The deal was signed in Rabat by Saudi Investment Minister Khalid Al-Falih and Moroccan Minister of Economy and Finance Nadia Fettah Alaoui during the Saudi minister鈥檚 official visit to the North African nation. 

This comes amid growing economic relations, with trade between the two countries reaching SR5 billion ($1.33 billion) in 2024. Saudi exports accounted for SR4.3 billion, while imports stood at SR640 million. 

In a post on its official X account, the Saudi Ministry of Investment said both ministers signed 鈥渁n agreement to encourage and protect mutual investments between the two Kingdoms, to strengthen the economic partnership between them, safeguard investors鈥 rights, and support the flow of investments in various sectors.鈥 

Under the agreement, the two countries committed to creating a stable and transparent environment for investors. It guarantees fair and equitable treatment, freedom to transfer funds, and protection against expropriation without fair compensation. The pact also enables investors to seek international arbitration in the event of disputes 

Al-Falih and Alaoui also discussed ways to enhance financial partnerships, economic policies, stimulate growth, and strategies for financing major developmental projects. 

Morocco ranks as 黑料社区鈥檚 57th largest export partner and 51st for imports, with key trade including vehicles, insulated wires, fertilizers, and clothing from 黑料社区, and refined petroleum, vehicles, accessories, and wheat from Morocco. 

The deal also aims to promote sustainable economic growth and address challenges faced by investors, thereby strengthening bilateral economic cooperation and deepening the strategic partnership between the two countries. 

In another post, the Investment Ministry said Al-Falih held a bilateral meeting with Moroccan Minister of Investment, Convergence, and Evaluation of Public Policies Karim Zidane. 

鈥淭hey discussed the strategic vision for sustainable development, the evaluation of public policies and the improvement of the business environment and explored ways to enhance economic cooperation between the two countries,鈥 the post added.

During his visit, Al-Falih also met with Morocco鈥檚 Minister of Industry and Trade Ryad Mezzour, with whom he discussed strengthening industrial and commercial cooperation, developing manufacturing industries, and attracting new investments. 

The Saudi minister also met with several Moroccan government officials and a group of business and financial leaders to strengthen investment relations and address challenges facing investors in both countries.