Smart Shelves, Smarter Future: Alsaif Gallery’s AI Leap

Building a Smarter Foundation

Tencent Cloud, the cloud business of global technology company Tencent, is collaborating with Alsaif Gallery to advance enterprise AI transformation. Using local cloud infrastructure and AI capabilities in Saudi Arabia, the retailer deployed a self-developed enterprise AI agent platform.

Moreover, Tencent Cloud helps Alsaif Gallery improve efficiency, decision-making, and customer experiences while supporting data localization and compliance requirements.

AI That Works Across Business

The AI agent supports internal operations and customer-facing services across Alsaif Gallery’s omnichannel business. As a result, employees can work smarter while customers receive more personalized experiences.

Meanwhile, Tencent Cloud continues expanding its local cloud and AI capabilities, supporting Saudi Arabia’s digital economy and Vision 2030 goals. Together, the companies are turning AI into practical business value.

Riyadh’s New Luxury Landmark Takes Shape

A $186 Million Investment

Riyadh is welcoming another major investment as the Sports Boulevard Development Company partners with Rikaz Properties on a third real estate investment fund, valued at more than US$186 million (SAR 700 million).

The fund will finance a luxury five-star hotel in Urban Wadi, adding fresh energy to Saudi Arabia’s growing tourism and hospitality scene.

Building a Better Riyadh

Meanwhile, Sports Boulevard continues to support Saudi Vision 2030. Stretching more than 135 kilometres, the project connects sports, nature, culture, entertainment, and public spaces.

With Rikaz Properties as developer and investor and Al Jazira Capital as fund manager, the hotel will strengthen Urban Wadi’s lifestyle offering while creating new opportunities for residents and visitors.

Rasan's Riyadh Rocket: How One Insurtech Doubled Its Game

Numbers That Talk

RIYADH, Saudi Arabia sets the stage as Rasan Information Technology Company posts eye-popping 1H 2026 results. Revenue hit SAR 517 million, jumping 111% year-on-year.

Meanwwhile, profits soared too. Adjusted EBITDA reached SAR 236 million, and gross profit climbed to SAR 358 million, up 103%.

Growth Everywhere You Look

Furthermore, Motor Retail, Motor Leasing, and Health all fueled this momentum. Consequently, Gross Written Premiums surged to SAR 5.4 billion.

Ultimately, CEO Nicola Garelli credits Rasan's capital-light model. Therefore, expect this leading Insurtech and Fintech platform to keep advancing Saudi Vision 2030 boldly.