Saudi businesswoman lauds Kingdom-Japan cooperation ‘changing the world’

Mashael Abdullah bin Al-Saedan, founder and chairwoman of AL SAEDAN BT, made the comments in Fukushima. (Arab News Japan)
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Updated 17 July 2023
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Saudi businesswoman lauds Kingdom-Japan cooperation ‘changing the world’

  • New construction technology being developed is a global innovation, says Mashael Abdullah bin Al-Saedan
  • Sector critical to several industries, says founder and chair of AL SAEDAN BT

TOKYO: The Kingdom’s cooperation with Japan to develop new technology for the construction industry is “changing the world,” according to a leading Saudi businesswoman.

Mashael Abdullah bin Al-Saedan, founder and chairwoman of AL SAEDAN BT, made the comments in Fukushima at the weekend while participating in the opening of a joint-venture project to provide affordable housing in Saudi Arabia.

“I really think this Saudi-Japanese partnership in the construction and building sector is changing the world,” she said. “This sector drives the economic cycle because it drives more than 200 industries, so it has had a very strong economic impact globally, especially after the corona (COVID-19) crisis.”

She said the world needs technologies that reduce costs, raise productivity, maintain high quality and lead to long-term investment.

“These technologies are developed for the first time in the world in partnership between Saudi Arabia and Japan, and they are exported from Saudi Arabia to the world, including 3D printing materials and the standardization of mass production products,” she explained.

Bin Al-Saedan said that Crown Prince Mohammed bin Salman had in 2017 expressed his desire to see Saudi Arabia “built with robots.” “Today we have translated the dreams of his highness into reality. What I mean is we have made this transformation which is changing the world, and it will be completed within the 2030 Vision in record time. The use of modern technologies makes this possible.”

She added: “So the messages I would like to focus on is Japan is the place of modern technology and Saudi Arabia is the hub of technology because His Highness MBS declared that we will be the Silicon Valley of the world. Today, we are the hub of technology and we are transferring knowledge from Japan to Saudi Arabia and integrating with it by developing this knowledge more and more and exporting it together with wealth and raw materials produced locally.”

Bin Al-Saedan said that Saudi Arabia not only has oil, but also natural raw materials, while Japan has the know-how and relevant patents. “So, we integrate and change the world through integration,” she said. “We can change the world together because we are building the world hand in hand and making life better for humanity.”

She said the innovations underway has resulted also in Saudi 3D printing costs being 50 percent less than those found in other parts of the world.

“That is what we want to focus on and these are the first steps to change the world in the construction sector,” said Bin Al-Saedan, who sees these developments as part of a new industrial revolution.

“Each time a revolution transformed some sector and made it more cost effective and less in terms of the price. Now, the fourth revolution and the fifth revolution talk is all about fast technology, actually miniaturization and functionalization of materials and artificial intelligence machine learning.”

“The construction sector is different and our resources in Saudi Arabia are not only based on oil, as his highness the crown prince said, but even our sand. We are utilizing our mining and our resources, which is even higher quality compared with the world’s, and the prices are competitive as we are integrating it into the technology of Japan and that will transform the construction sector.”

Saudi Arabia is also seeking to use robots that can carry heavy weights and walk distances of up to 100 kilometers, and wants to use 3D printers to manufacture drones.

“This is the crown prince’s dream and the dream for Saudi Arabia — to make Saudi Arabia develop and to build with robots. So, I think Japan is the best partner for Saudi Arabia for both this project and many others because (the) Japanese have the most important culture and people. When they commit to something, they do it. And that is what we need today.”

This article originally appeared on Arab News Japan


Education spending surges 251% as students return from autumn break: SAMA

Updated 12 December 2025
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Education spending surges 251% as students return from autumn break: SAMA

RIYADH: Education spending in Saudi Arabia surged 251.3 percent in the week ending Dec. 6, reflecting the sharp uptick in purchases as students returned from the autumn break.

According to the latest data from the Saudi Central Bank, expenditure in the sector reached SR218.73 million ($58.2 million), with the number of transactions increasing by 61 percent to 233,000.

Despite this surge, overall point-of-sale spending fell 4.3 percent to SR14.45 billion, while the number of transactions dipped 1.7 percent to 236.18 million week on week.

The week saw mixed changes between the sectors. Spending on freight transport, postal and courier services saw the second-biggest uptick at 33.3 percent to SR60.93 million, followed by medical services, which saw an 8.1 percent increase to SR505.35 million.

Expenditure on apparel and clothing saw a decrease of 16.3 percent, followed by a 2 percent reduction in spending on telecommunication.

Jewelry outlays witnessed an 8.1 percent decline to reach SR325.90 million. Data revealed decreases across many other sectors, led by hotels, which saw the largest dip at 24.5 percent to reach SR335.98 million. 

Spending on car rentals in the Kingdom fell by 12.6 percent, while airlines saw a 3.7 percent increase to SR46.28 million.

Expenditure on food and beverages saw a 1.7 percent increase to SR2.35 billion, claiming the largest share of the POS. Restaurants and cafes retained the second position despite a 12.6 percent dip to SR1.66 billion.

Saudi Arabia’s key urban centers mirrored the national decline. Riyadh, which accounted for the largest share of total POS spending, saw a 3.9 percent dip to SR4.89 billion, down from SR5.08 billion the previous week.

The number of transactions in the capital settled at 74.16 million, down 1.4 percent week on week.

In Jeddah, transaction values decreased by 5.9 percent to SR1.91 billion, while Dammam reported a 0.8 percent surge to SR713.71 million.

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia. 

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives. 

The growth of digital payment technologies aligns with the Kingdom’s Vision 2030 objectives, promoting electronic transactions and contributing to the nation’s broader digital economy.