Gifting platform joigifts.com launches in Madinah

Updated 19 June 2017
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Gifting platform joigifts.com launches in Madinah

joi, the online gifting platform, continues its rapid expansion in the Kingdom this holy month with the announcement that it is has extended its services into Madinah.
To commemorate this momentous occasion and bearing in mind the auspicious timing, the company has also augmented its gifting portfolio to include Ramadan-centric gifts, such as Ramadan-themed Godiva chocolate hampers.
Give your loved ones the sweetest surprise with the Godiva Ramadan Royal Box, which includes 56 pieces of praline chocolates and 144 Carrés chocolates. Right now, for a limited time only, customers on joigifts.com will get 15 percent off when they purchase this product.
Founded in late 2015 by enhance, a pioneering Silicon Valley-funded UAE tech company, joi offers consumers a unique selection of more than 500 curated gifts including stunning bouquets of flowers, delicious cakes and sweet treats, celebratory balloons, personalized jewelry and even gifts for pets.
joi focuses heavily on convenience, with free same-day premium delivery guaranteed for flowers and most items available on the site. For gifting inspiration, “joi’s Angels” are also available to assist customers in selecting the most appropriate gifts for those who matter.
And because joi believes that the whole gifting experience should reflect the sentiment of the sender, from ordering to delivery, they take the utmost pride in their delivery of “joi moments.” When a joi gift is sent, it is hand-delivered by a stylishly uniformed “agent of joi” who is always there with a smile. To really make a lasting impression, gifts can also be delivered with a singing telegram or a personalized video message recorded through the innovative joiCam feature.
The unique and innovative joi platform is accessible at www.joigifts.com, on iOS at the Apple App Store, and on Android at the Google Play Store.


Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Updated 09 March 2026
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Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Saudi Arabia has emerged as one of the world’s safest and most attractive destinations for investment, supported by the strength and resilience of its economy, according to Ayed bin Farhan Al-Qahtani, chairman of Sumou Holding.

Al-Qahtani said the Kingdom’s economy has consistently demonstrated its ability to navigate global and regional crises. He noted that Saudi Arabia has historically adapted to challenging conditions and emerged stronger, thanks to prudent economic policies and effective governance, both of which have reinforced the market’s financial strength. Al-Qahtani added that Saudi Vision 2030 has reshaped the structure of the national economy by diversifying income sources and leveraging the country’s core strengths, creating a more flexible and sustainable economic environment capable of withstanding global volatility.

According to Al-Qahtani, business activity across Saudi Arabia continues to operate normally despite current global uncertainties, highlighting the adaptability and experience of Saudi companies across multiple sectors.

Sumou Holding currently manages an investment portfolio valued at about $10 billion. Al-Qahtani said that the group plans to expand its investments in the Kingdom while seeking to attract additional foreign capital through international partnerships and joint ventures.

The company is evaluating a range of new opportunities across key sectors and particularly in real estate, which Al-Qahtani described as one of the most secure and attractive investment sectors in the Saudi market amid rising demand for residential, commercial, and development projects.

Saudi Arabia’s property market has also undergone significant regulatory reforms aimed at boosting its appeal to international investors. A new foreign property ownership law, which came into effect in early 2026, allows non-Saudis — individuals and companies, residents and non-residents — to own residential, commercial, and agricultural properties across designated areas of the Kingdom.

The framework will increase capital inflows into the real estate sector while introducing specific ownership rules for the holy cities of Makkah and Madinah, two markets Al-Qahtani said remain among the most secure and globally attractive for long-term investment.

Sumou Holding owns two companies listed on the Saudi Exchange: Sumou Real Estate Co. and Ader Real Estate Co.

Al-Qahtani added that the group’s international arm, Ader Global, is building partnerships with global investors and directing capital toward promising opportunities in the Saudi market, reinforcing the Kingdom’s role as a regional hub for investment and multinational companies.

With its strong regulatory framework, investment security, and continued government support for the private sector, Saudi Arabia is well positioned to attract further foreign capital in the coming years, Al-Qahtani said, cementing the country’s status as a leading global investment destination both today and in the future.