Uber, Takamol partner to empower Saudi women

Uber’s strategic partnership with Takamol Holding will enable working women in Saudi Arabia overcome transportation challenges to and from the workplace.
Updated 07 May 2019
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Uber, Takamol partner to empower Saudi women

Uber has announced a strategic partnership with Takamol Holding, aimed at enabling working women in Saudi Arabia overcome transportation challenges while traveling to and from the workplace.

Takamol Holding operates Wusool, a program developed by the Human Resources Development Fund (HRDF) with the goal of providing affordable, subsidized transportation solutions to working women and encouraging their contribution toward the country’s socio-economic progress, in line with the objectives of the Kingdom’s Vision 2030.

Pierre-Dimitri Gore-Coty, VP and regional general manager EMEA, Uber, said: “Uber is a conscientious company that strives to uplift the communities it operates in. We are expanding exponentially within the Middle East and North Africa region, with Saudi Arabia being one of our fastest-growing markets. At Uber, we will continue supporting the government’s focus on Saudization and the Saudi Vision 2030, which aims to increase women’s participation in the workforce.

“Through this partnership with Takamol Holding for Wusool, which is Uber’s largest subsidized transport program globally, we are able to provide women with the opportunity to achieve their professional ambitions, as well as strive to be catalysts for economic growth in the Kingdom with their active contribution to the overall workforce,” he added.

Dr. Ahmed Al-Yamani, CEO of Takamol Holding, said: “We are delighted to announce our partnership with Uber, a leader in the ride-hailing industry. This partnership will provide Saudi women with access to transportation solutions to and from their workplace, which falls under one of the strategic objectives of Saudi Vision 2030, which aims to enable members of the community to enter the workforce and bolster it under the National Transformation Program. Approximately 25,000 women currently benefit from the program and we aim for more to join them by the end of the year 2019.”

Saudi women aged between 18 and 65 can apply to the program through the National Labor Gateway (Taqat) managed by the HRDF, to receive partially subsidized Wusool rides on Uber. Applicants must be working in the private sector and earning an income of up to a maximum of SR8,000 ($2,133) per month.

The partnership is aligned with Uber’s Masaruky initiative, which is committed to enhancing women’s mobility in the Kingdom. As part of this program, Uber pledged SR1 million to support select women through driving schools. Most recently, Uber has announced the launch of a feature that enables its female drivers to select a preference for women passengers, a feature only available in Saudi Arabia and a global first for the ride-hailing company.


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.