AlUla project takes sustainability highway to revive lost glory

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Updated 09 June 2022
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AlUla project takes sustainability highway to revive lost glory

JEDDAH: AlUla is working toward becoming a living museum of culture with sustainability practices preserving its heritage and community, said a senior member of the Royal Commission for AlUla.

Speaking on the sidelines of the UN World Tourism Organization meeting in Jeddah, Anita Mendiratta, the commission’s advisory board member, told Arab News that AlUla was vastly different from other tourism projects.

“It’s incredibly special from other projects in the world because it is not a greenfield project where we’re starting with a clean slate with a space that has never been inhabited or developed,” said Mendiratta.

She added that AlUla had been here for thousands of years, and the project aims to preserve its heritage and culture and develop it.

“We have over 70,000 people who have been a community in AlUla and have always called it home. So, we are going there to develop tourism with them and for them, not just around them,” she said.

Mendiratta added: “We have the remarkable cultural heritage that makes it a living museum and a true masterpiece for the world. The city allows visitors to understand not just this part of the world, but its position in history.”

As the project aims to preserve the past and develop the future, Mendiratta said that technology would be a critical enabler for the project.

“It is an enabler first to help people understand the history of AlUla, and get to understand and respect all that it represents over 10,000 years of being chapters of a lifetime,” she said.

We have the remarkable cultural heritage that makes it a living museum and a true masterpiece for the world.

Anita Mendiratta

“People can learn about AlUla, whatever the platform may be and get a stronger sense of why they should visit AlUla, but appreciate it as a place and as a community,” she explained.

Mendiratta said that sustainability practices in AlUla play a considerable role in environmental, economic and cultural development.

“Cultural sustainability is about protecting and preserving all that AlUla represents, not just promoting it and looking at it from the point of view of making sure that we have that community integration for social, economic, cultural and environmental sustainability,” she said.

Moreover, Mendiratta said that there is a considerable focus and investment in environmental sustainability.

“Nothing is done in AlUla without a clear assessment of its fit into the master plan. When it comes to sustainability, we look at the impact in terms of environmental footprint and how we can engineer all of the critical metrics in the future,” she added.

 


PIF-backed Elm posts 28% revenue growth in 2025 

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PIF-backed Elm posts 28% revenue growth in 2025 

RIYADH: Elm Co., the Public Investment Fund-backed digital solutions provider, reported a 27.78 percent rise in annual revenue, driven by strong demand across its digital platforms and outsourcing services. 

Revenue climbed to SR9.47 billion ($2.5 billion) in 2025 from SR7.41 billion a year earlier, according to a filing on Tadawul. Net profit attributable to shareholders increased 14.46 percent to SR2.09 billion for the year ended Dec. 31, 2025. 

Elm, which provides digital transformation services, secure e-government platforms, data solutions and business process outsourcing to public and private sector clients, said growth was supported by expansion across all major business segments. 

Digital Business revenue rose 22.97 percent year on year, while Business Process Outsourcing revenue surged 43.31 percent. Revenue from Professional Services increased 18.95 percent. 

The revenue growth translated into a 21.35 percent increase in gross profit to SR3.68 billion, compared with SR3.03 billion in 2024. Operating profit climbed to SR2.03 billion from SR1.70 billion, reflecting continued scaling of operations. 

Operating expenses rose 23.65 percent to SR2.32 billion, mainly due to higher general and administrative expenses, selling and marketing costs, depreciation and amortization, research and development spending, and impairment of non-current assets. The increase was partially offset by lower expected credit loss expenses. 

Total comprehensive income attributable to shareholders reached SR2.04 billion, up from SR1.81 billion a year earlier. Earnings per share rose to SR26.86 from SR23.51 in 2024. Shareholders’ equity stood at SR3.62 billion at year-end.