Oman’s bank credit expands 8.4% as listed firms post 14% profit rise 

Oman’s bank credit expands 8.4% as listed firms post 14% profit rise 
Deposits also strengthened, advancing 7.6 percent to 33 billion rials by June. Private sector deposits rose 6 percent to 21.9 billion rials. Shutterstock
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Updated 11 min 19 sec ago

Oman’s bank credit expands 8.4% as listed firms post 14% profit rise 

Oman’s bank credit expands 8.4% as listed firms post 14% profit rise 

RIYADH: Oman’s banking sector continued its steady expansion in the first half of 2025, with total credit rising 8.4 percent year on year to 34.1 billion Omani rials ($88.7 billion), official data showed.

 According to the monthly statistical bulletin of the Central Bank of Oman, private sector lending climbed 6.6 percent to 28 billion rials, with non-financial corporations accounting for the largest share at 45.9 percent, followed by households at 44.2 percent. Credit to financial corporations made up 6.2 percent, while other sectors received 3.7 percent. 

Deposits also strengthened, advancing 7.6 percent to 33 billion rials by June. Private sector deposits rose 6 percent to 21.9 billion rials, led by households at 49.4 percent, non-financial corporations at 31 percent, financial firms at 17.4 percent, and other sectors at 2.2 percent.   

The strong performance of Oman’s banking sector and listed companies reflects steady progress toward the country’s Vision 2040 goals, which prioritize economic diversification, private sector growth, and financial stability. The expansion in banking credit, particularly to non-financial corporations and households, supports the national strategy to reduce reliance on hydrocarbons by fostering small and medium sized enterprises development and domestic investment.  

In its report, the Central Bank of Oman stated: “The combined balance sheet of conventional banks showed a year-on-year growth of 7.2 percent in total outstanding credit as of end-June 2025.”  

It added: “Credit to the private sector increased by 4.8 percent to reach OMR 21.5 billion while their overall investments in securities increased by 1.3 percent to OMR 5.7 billion at end-June 2025.” 

Earnings jump 

Public joint-stock companies listed on the Muscat Stock Exchange reported a 14.1 percent rise in net profits in the first half, reaching 757.2 million rials compared with 663.3 million rials a year earlier, the Oman News Agency reported. 

A total of 76 companies reported profits, led by OQ Exploration and Production at 166 million rials, Bank Muscat at 125.8 million rials, and Sohar International Bank at 46.2 million rials. Omantel, National Bank of Oman, and OQ Gas Networks also ranked among the top earners. 

Seventeen firms booked combined losses of 8.6 million rials, with Raysut Cement the largest at 2.9 million rials, followed by Oman Fisheries and Financial Corporation Co. 

Sector trends 

The financial sector delivered the biggest earnings boost, with profits up 25.7 percent to 345.1 million rials, supported by a 275.9 million rial banking profit. Insurers also improved, with Liva Group and Takaful Oman returning to profitability. 

In the services sector, energy and water companies posted a 46.3 percent jump in profits to 73.6 million rials, while oil marketers earned 9.6 million rials. Telecom profits dipped to 38.7 million rials as Omantel’s domestic earnings slipped. 

Industrial firms nearly doubled their combined profits to 64.4 million rials, led by OQ Basic Industries at 22.7 million rials, while sector losses narrowed to 6.2 million rials. 


’s holdings in US Treasuries rise to $131bn in June 

’s holdings in US Treasuries rise to $131bn in June 
Updated 5 min 12 sec ago

’s holdings in US Treasuries rise to $131bn in June 

’s holdings in US Treasuries rise to $131bn in June 

RIYADH: increased its holdings of US Treasury securities to $130.6 billion at the end of June, up $2.9 billion, or 2.3 percent, from May, according to official data. 

The Kingdom’s holdings stood at $127.7 billion in May, compared with $133.8 billion in April and $131.6 billion in March, according to the US Treasury Department. 

The increase comes as , the world’s largest oil exporter, manages its vast foreign reserves against a backdrop of shifting oil revenues, fluctuating global interest rates and ongoing diversification efforts under Vision 2030. Treasuries remain a key tool for Riyadh to park surplus funds in liquid, low-risk assets while balancing exposure to other currencies and asset classes. 

The report added that retained 17th place among the largest holders of such instruments in June. 

Compared with June 2024, ’s holdings in US Treasuries declined by 6.8 percent. 

The latest data also showed that the Kingdom is the only country in the Gulf Cooperation Council and the wider Middle East region to secure a place among the top 20 holders of US Treasury securities. 

’s holdings were split between long-term bonds worth $103.5 billion, representing 79 percent of the total, and short-term bonds amounting to $27.1 billion, or 21 percent. 

Top holders  

Japan remained the largest investor in June with holdings totaling $1.14 trillion, up 0.9 percent from May. 

The UK ranked second at $858.1 billion, marking a 6 percent increase from the previous month. 

China followed with portfolios valued at $756.4 billion, little changed from $756.3 billion in May. 

The Cayman Islands and Canada ranked fourth and fifth with $442.7 billion and $438.5 billion, respectively. Belgium held sixth with $433.4 billion, followed by Luxembourg at $404.7 billion and France at $374.9 billion. 

Ireland was ninth with $317.4 billion, while Switzerland came 10th with $300.9 billion. 

Taiwan ranked 11th at $298.1 billion. Singapore held the 12th spot with $254.4 billion, followed by Hong Kong at $242.6 billion and India at $227.4 billion. 

’s Treasury holdings are closely watched as they reflect the Kingdom’s strategy of balancing reserve diversification with strong US financial ties. Treasuries are among the world’s safest assets, and changes in Saudi positions often signal how major energy exporters deploy surplus revenues amid oil price swings and global interest rate shifts. 


 


Al-Hilal tops Middle East football brands as Saudi clubs ride star power 

Al-Hilal tops Middle East football brands as Saudi clubs ride star power 
Updated 44 min 28 sec ago

Al-Hilal tops Middle East football brands as Saudi clubs ride star power 

Al-Hilal tops Middle East football brands as Saudi clubs ride star power 

JEDDAH: Saudi football club Al-Hilal has been ranked the Middle East’s strongest brand, as the Kingdom’s “big four” teams gain international recognition on the back of high-profile signings, according to Brand Finance. 

The Riyadh-based club earned a Brand Strength Index score of 80.8 out of 100 and an AAA- rating, topping regional peers. Al-Ittihad scored 76.8, Al-Nassr 75.6, and Al-Ahli 72.7, the London-based consultancy said in its annual rankings. 

Domestically, all ten Saudi clubs studied outperformed their international ratings, with Al-Hilal achieving a home BSI of 92.1 compared with 57.9 abroad. Al-Nassr has been the standout internationally with a score of 69.5, helped by the global profile of Cristiano Ronaldo. 

has stepped up its football push with major overseas signings, record investment in the Saudi Pro League, and ambitions tied to its Vision 2030 diversification plan. The Kingdom is also preparing to host the 2034 FIFA World Cup, underscoring its bid to become a global hub for the sport. 

Andrew Campbell, managing director Middle East, Brand Finance, said: “The Middle East’s bold investment in football is beginning to yield tangible results on the global stage. Led by the Saudi Pro League, the region is rapidly expanding its commercial and sponsorship footprint while accelerating moves toward club privatisation.”  

He added: “High-profile international signings continue to elevate global perceptions - not just of the league, but of the Gulf region as a rising force in world football. As the market matures, strategic investment and commercial discipline will be key drivers of sustained growth, with top club brands expected to strengthen in parallel.” 

UAE’s Al-Ain led its domestic peers with a score of 69.9, ahead of Al-Wasl at 61.7 and Shabab Al-Ahli at 60.9. 

Globally, Real Madrid and Barcelona retained their positions as the most valuable and strongest football club brands, with values of $2.1 billion and $1.9 billion, respectively. Both clubs secured AAA+ strength ratings. 

The London-based firm pointed out that the Premier League is the world’s most valuable sports league in terms of brand value, with its top ten brands' values totaling $9.1 billion – more than 37 percent of the total value of the world’s top 50 most valuable clubs. 

The report noted that the Premier League’s uniqueness lies in how brand value is distributed across multiple clubs. Six teams — Manchester City and Liverpool at $1.6 billion each, Manchester United at $1.4 billion, Arsenal at $1.3 billion, Chelsea at $1.1 billion, and Tottenham Hotspur at $890 million — each hold substantial brand value.

“The combined value of the world’s top 50 football club brands has climbed to $24.5 billion in 2025. However, Brand Finance research reveals a growing imbalance across the game, as outside of the Premier League, brand value is increasingly concentrated among a handful of elite clubs in Europe’s top leagues, said Hugo Hensley, head of sports services, Brand Finance.  

He noted that brand is no longer a byproduct of performance but a defining driver of success. 

“As the sport becomes increasingly competitive both on the pitch and commercially, clubs and leagues must manage their brands strategically to ensure they aren’t edged out of realising the benefits of a strong and valuable brand,” added Hensley. 


Arabian Drilling renews 11 onshore contracts, representing 15-20% of 2024 revenues

Arabian Drilling renews 11 onshore contracts, representing 15-20% of 2024 revenues
Updated 46 min 17 sec ago

Arabian Drilling renews 11 onshore contracts, representing 15-20% of 2024 revenues

Arabian Drilling renews 11 onshore contracts, representing 15-20% of 2024 revenues
  • Impact of contract extension will be reflected in company’s revenues from the current quarterImpact of contract extension will be reflected in company’s revenues from the current quarter
  • 11 rigs are currently in operation

RIYADH: Arabian Drilling Co., listed on ’s main market, has renewed contracts for 11 onshore gas drilling rigs, with the value of the agreement representing 15 to 20 percent of the company’s 2024 revenues. 

In a Tadawul statement, the company said the agreement, which has a tenure of one year, was signed with global technology firm SLB, which holds a 34.3 percent stake in the company. 

In a March bourse filing, Arabian Drilling reported a 2024 net profit of SR3.61 billion ($962 million), with 15 to 20 percent of that total equating to around SR542.4 million to SR723.8 million.

“This extension reinforces our market position as a preferred partner in the energy sector. Our ability to secure this extension is a testament to our client’s confidence in our capabilities and the consistent, high-quality service we deliver,” said Ghassan Mirdad, CEO of Arabian Drilling. 

“Extending the contract confirms our commitment to excellence and strategic insight, which are crucial in maintaining valuable, long-term partnerships within the industry,” he added. 

The company said that all 11 rigs are currently in operation, and Arabian Drilling will continue to provide drilling services to SLB under a lump sum turnkey contract. 

An LSTK contract is a comprehensive form of agreement used in construction and engineering projects. Under this type of deal, the contractor agrees to complete the project for a predetermined and fixed price. 

The contractor is responsible for both designing and constructing the project to meet specific requirements while ensuring that it is fully operational upon completion.

Arabian Drilling further said that the impact of the contract extension will be reflected in the company’s revenues starting from the current quarter. 

“Looking ahead, Arabian Drilling remains committed to driving operational excellence, maintaining robust partnerships, and delivering innovative, sustainable solutions to the energy sector,” said the company. 

“The successful extension of these rig contracts reinforces the company’s leadership in the Saudi drilling industry, highlighting its unwavering commitment to safety, quality, and long-term value creation for its stakeholders,” it added. 

In July, Arabian Drilling said it signed an international contract valued at SR75 million for offshore drilling operations with a company based in the Gulf Cooperation Council region, initiating its first offshore operation outside . 


How is building a well-being economy

How  is building a well-being economy
Updated 17 August 2025

How is building a well-being economy

How  is building a well-being economy
  • Kingdom’s mental wellness market is projected to surpass $1.8 billion by 2029

As reimagines its economic and social landscape, well-being is no longer treated as a luxury — it is a strategic priority.

At the heart of this transformation is Vision 2030, which is redefining the role of health, happiness, and quality of life across policy, business, and community spaces.

This shift is characterized by a move from reactive care to proactive engagement, from siloed services to integrated ecosystems, and from ambitious ideals to tangible outcomes. According to Bonafide Research, the Kingdom’s mental wellness market is projected to surpass $1.8 billion by 2029 — a testament to the growing emphasis on personal and societal well-being.

Turning policy into progress

’s “Quality of Life” program under Vision 2030 is reshaping public and private sector engagement around wellness — promoting mental health access, workplace well-being, and recreational opportunities.

According to Janahan Tharmaratnam, Healthcare & Life Sciences partner at Arthur D. Little, mobile apps like Labayhand Sehhaty are helping normalize therapy among young Saudis by offering private, accessible mental health support and reducing social stigma.

“In the workplace, the picture is more uneven. There are early efforts — some led by SMEs, others nudged by government policy — to integrate wellness platforms that support employee health and productivity. The 40 percent physical activity target by 2030 has created a soft incentive for companies to act, but actual adoption and program quality still vary widely,” Tharmaratnam said.

He added that megaprojects like Qiddiya exemplify a shift toward proactive well-being, but their success will depend on how well they address access, affordability, and system-wide integration.

Samer Abi Chaker, principal at Oliver Wyman’s Health and Life Sciences practice in the India, Middle East, and Africa region, highlighted the broader impact of urban design: “By improving environments where people live, work, and socialize, it addresses critical factors like physical activity opportunities and stress reduction, which together help lower lifestyle-related diseases; flagship projects such as Riyadh’s King Abdullah Park exemplify these efforts by encouraging community interaction and active living.”

FASTFACT

 

’s ‘Quality of Life’ program under Vision 2030 is reshaping public and private sector engagement around wellness — promoting mental health access, workplace well-being, and recreational opportunities.

Meanwhile, Turki bin Mamdouh Al-Shahrani, CEO of Orient Insurance KSA, emphasized the momentum of QoL initiatives. In 2024 alone, the program launched 173 initiatives, planted 1.1 million trees, created 149 parks, and increased tourism visits from 41 million in 2018 to 115.9 million — contributing to 3.9 percent non-oil gross domestic product growth and raising the Kingdom’s World Happiness Index score to 6.6.

“Clear targets like being ranked in the top 100 livable cities, creating 1 million direct jobs in the tourism sector, 10 percent contribution to the gross domestic product by 2030, and increased cultural employment, all provide a measurable path for progress. Government investment signals confidence, attracting further private sector involvement in wellness initiatives,” Al-Shahrani said. From the private sector, automotive firm BYD KSA is also contributing to this mission. Its managing director, Jerome Saigot, explained how electric vehicle adoption aligns with the national well-being agenda.

“With a 198 percent retail sales surge in early 2025, BYD KSA is advancing sustainability and economic growth in line with their global mission to ‘Cool the Earth by 1°C,’” he said.

“The firm supports Vision 2030 by driving electric vehicle adoption in — improving air quality, easing travel, and creating jobs.”

At PwC Middle East KSA, Chief Operations Officer Hawazen Al-Hassoun noted that workplace dynamics are evolving in step with national goals.

“Workplaces aligned with Vision 2030 are adopting flexible, inclusive, and well-being-focused policies — benefiting both people and business,” Al-Hassoun explained.

“Throughout all this successful change, business leaders have a role to play, not just in strategy, but in how we shape culture, lead by example, and create opportunities for all generations to thrive.”

Emerging well-being sector

Looking ahead, ’s well-being economy is expected to converge policy innovation, digital transformation, and infrastructure development across sectors — from health and tourism to tech and culture.

Tharmaratnam identified three key domains shaping this evolution: mental health startups such as Ayadi, wellness destinations like AMAALA, and integrated government planning powered by digital platforms.

“So, looking toward 2025, we’ll likely see a mixed picture: a few fast-growing platforms, a handful of global-scale wellness destinations under development, and a slowly maturing policy apparatus that’s still learning to coordinate across ministries,” he said.

Chaker echoed the rise of culturally attuned mental health startups that cater to a young, digitally connected population.

“Mental health startups are rapidly emerging, offering culturally sensitive digital therapy platforms and wellness apps tailored to the needs of a young, tech-savvy population,” he said.

Al-Shahrani highlighted how heightened awareness is fueling both the startup scene and wellness-focused tourism.

“For insurers in the Kingdom, these trends offer exciting opportunities, including partnerships with mental health startups to offer insurance coverage for their services or collaboration with luxury wellness retreats to provide tailored insurance packages for their guests. However, insurers must take a proactive role in supporting these developments, not just reacting to trends but actively promoting wellbeing through preventative care initiatives and incentivizing healthier lifestyles,” he said.

BYD’s Saigot emphasized how zero-emission vehicles are contributing to urban wellness goals.

“These centers are designed to offer customers an exceptional experience with New Energy Vehicles, reflecting our commitment to driving a wellbeing-focused, sustainable mobility ecosystem in the Kingdom,” he said.

Al-Hassoun of PwC summed up the trend: The well-being economy is growing around real needs — digital care, wellness travel, and supportive workplaces.

“Continued collaboration between government, entrepreneurs, and organizations will be essential to sustain momentum and ensure well-being is embedded meaningfully across all sectors,” she said.

Investment opportunities

Mindfulness tourism and workplace wellness are becoming key investment themes within the Kingdom’s evolving economy.

Tharmaratnam highlighted dual trends: heritage-rich destinations like AlUla promoting healthful tourism, and businesses like Kayanee integrating well-being into their core identity.

“From an investor’s standpoint, both areas offer long-term potential but need stronger proof points. Reforms like 100 percent foreign ownership and economic zones have helped attract attention, especially from hospitality and digital health investors. But what many are waiting for is scale: platforms with meaningful user retention, data transparency, and regulatory clarity,” he said.

“Ultimately, these trends reflect a deeper question the Kingdom is asking: Can economic growth be designed around wellbeing, not just productivity? That’s a different kind of business landscape — and one that may take a decade to fully emerge.”

Oliver Wyman sees growing involvement from local investors and the Public Investment Fund in well-being projects, which could pave the way for more global capital as the sector matures.

Orient Insurance sees strong business incentives as well.

“Ultimately, we believe that investing in well-being is not just good for individuals, but also good for business. By promoting a healthier and happier society, insurers can contribute to creating a more prosperous and secure future for ,” Al-Shahrani said.

Saigot of BYD added that clean mobility solutions are increasingly relevant to new travel and work habits.

Al-Hassoun concluded that this transformation signals a fundamental redefinition of success in the Kingdom’s business landscape.

“This reflects a fundamental shift in how we define business success. Organizations will need to recognize these changes and invest early to build trust, attract talent, and grow with purpose in a well-being-driven economy,” she said.


taps AI and immersive tech to drive tourism growth

 taps AI and immersive tech to drive tourism growth
Updated 17 August 2025

taps AI and immersive tech to drive tourism growth

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

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’s 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 is intelligently integrating smart technologies into its tourist destinations, helping the Kingdom emerge as one of the most sought-after tourism hubs.

“In , 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’s broader economic shift to diversifying its economy,” said Nahas.

He added: “It 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.”

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 — a location that leverages technology and innovation to create more immersive and sustainable experiences.

Julio De Salvo, Globant’s chief solution officer for the Middle East and North Africa and the Asia Pacific region, echoed similar views. He said 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 — such as AI-enhanced airports and digital visa platforms — 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.

“ isn’t riding the wave of global tourism recovery; it’s creating its own momentum, using smart tourism as a catalyst for economic diversification, innovation leadership, and long-term global relevance,” 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 — with advanced technologies used to deliver personalized services to travelers.

“In , it’s no longer just about online bookings or mobile apps — it’s about intelligent systems that understand, anticipate, and adapt to travelers’ behavior in real-time,” 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’s 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 — 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.

“Importantly, the Kingdom’s flagship tourism projects — such as Neom, the Red Sea Project, Diriyah, Qiddiya, and New Murabba — are integrating smart systems as a core component of how tourism experiences are crafted, delivered, and continuously improved,” 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 — aligning with broader trends in cultural tourism that use immersive tools to enrich historical engagement and visitor education.

Nahas added: “These systems could be equally used to monitor visitor needs, respond to requests, and elevate the visitor experience.”

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

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

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

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.

“On 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,” said Nahas.

Potential challenges

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

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

“Major 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,” added the Globant official.

Despite these challenges, experts told Arab News that smart tourism can grow into a well-integrated part of ’s tourism strategy — provided there is the right coordination and policy framework.

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