Riyadh summit explores role of family businesses in sustainable economic development

Roberta Calarese, founder and CEO of GHAYA and creator of World With Purpose
Short Url
Updated 29 April 2025
Follow

Riyadh summit explores role of family businesses in sustainable economic development

The second edition of World With Purpose KSA 2025, created by Roberta Calarese, founder and CEO of GHAYA, opened on Monday in Riyadh, under the theme “The Purpose Legacy — Where Family Businesses Meet to Write the Future.”

More than 150 of the most influential local and international family business leaders gathered on the first day to explore strategic investment, sustainable growth, and transformative leadership through high-level, purpose-driven dialogue.

With over 95 percent of Saudi Arabia’s businesses being family-owned — contributing 66 percent of private sector GDP — their foundational role in the local economy is clear. On a global scale, the world’s 500 largest family businesses generated $8.8 trillion in revenue in 2025, equivalent to the third-largest economy after the US and China.

The exclusive, invitation-only summit took place at Bab Samhan, a Luxury Collection Hotel, nestled in the historic Diriyah district. Opening with the session “How Family Businesses Can Lead the Way to Global Prosperity,” the day featured nine dynamic discussions on topics ranging from geopolitics and the regional investment landscape to intergenerational transition, sustainable business, and investing with purpose.

Education and empowerment of future generations were recurring themes, alongside a forward-looking focus on technology and AI for good. Dr. Ayth Almubarak, CEO of the National Center for Family Business, delivered the keynote speech.

Day 2 of the summit featured investment roundtables, tech showcases and sessions on proptech and real estate innovation. 

Discussions on decarbonization and climate-conscious growth reflected Saudi Arabia’s sustainable development priorities.

A special highlight was the Women With Purpose track, with dedicated sessions for female family business leaders. Princess Noura bint Faisal Al-Saud returned to spotlight fashion as a cultural and economic catalyst, while broader panels explored empowering women entrepreneurs to unlock regional prosperity.


LuLu expands specialty coffee footprint in KSA with Sulalat

Updated 24 January 2026
Follow

LuLu expands specialty coffee footprint in KSA with Sulalat

LuLu Group has signed a landmark MoU with Sulalat Coffee during the 5th edition of World of Coffee Dubai trade show. This exclusive retail partnership is designed to enhance the specialty coffee offerings across LuLu Hypermarkets in Saudi Arabia, meeting the growing demand for premium coffee experiences within the region.
The agreement was signed by Mohamed Haris, director, Saudi Arabia, LuLu Group, and Abdulelah Al-Murqi, marketing director, Sulalat Coffee. Through this collaboration, LuLu Group will provide a dedicated platform for Sulalat’s specialty-grade beans, which are globally sourced and roasted in Riyadh. This initiative ensures that world-class coffee quality, previously reserved for niche aficionados, is now readily accessible to coffee lovers throughout the Kingdom.
By partnering with Sulalat Coffee, LuLu Group is integrating artisanal expertise with large-scale retail excellence. Sulalat has been a pioneer in the specialty coffee movement in the region, and this partnership allows LuLu to showcase unique varieties and professional-grade roasting. The collaboration reflects a shared vision to celebrate the thriving local coffee culture and deliver an unparalleled selection of premium products to everyday consumers.
In alignment with Saudi Vision 2030, this partnership reinforces LuLu Group’s commitment to empowering homegrown brands and fostering economic diversification within the Kingdom. By providing a global stage for local excellence at events like World of Coffee Dubai, LuLu continues to support the growth of a vibrant private sector and a sustainable retail ecosystem.
As the premier platform for the industry, World of Coffee Dubai 2026 highlights the rapid growth and innovation within the regional coffee scene. With the event attracting more than 17,000 visitors and hundreds of global exhibitors, it provides a vital stage for industry leaders to connect.