PIF-backed agritourism brand ‘Solan’ announced

By merging agriculture, eco-tourism, and adventure with hospitality, Solan aims to strengthen the foundation of the national tourism industry. Supplied
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Updated 29 September 2025
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PIF-backed agritourism brand ‘Solan’ announced

RIYADH: Saudi Arabia’s tourism landscape is set to transform with “Solan,” a new hospitality brand launched by Dan Co., a subsidiary of the Public Investment Fund.

According to a press release, Solan aims to create a nationwide network of unique farm stay and lodge experiences, directly supporting local communities and economic diversification in line with Vision 2030.

The innovative brand will operate on a franchise model, partnering with lodge, istiraha, and farm owners across Saudi Arabia to help them transform their properties into high-end tourism destinations, offering both overnight stays and day experiences.

This comes as Saudi Arabia accelerates its Vision 2030 push to position tourism as a pillar of economic diversification, raising its target to 150 million annual visitors by 2030 after surpassing the 100 million mark ahead of schedule. 

In 2024, international tourism revenue soared 148 percent from 2019 — the fastest growth among G20 nations.

CEO of Dan Co., Abdulrahman Abaalkhail said: “Solan is the first Saudi hospitality brand to introduce a franchise model in agritourism, opening opportunities to diversify tourism experiences across the Kingdom by providing comprehensive support for our partners.

“This allows us to offer authentic local experiences that showcase the natural beauty and agricultural diversity of various regions, creating unforgettable memories.”

This initiative is designed to diversify local incomes, create direct and indirect job opportunities, and stimulate private sector investment in host cities. 

By merging agriculture, eco-tourism, and adventure with hospitality, Solan aims to strengthen the foundation of the national tourism industry.

The CEO added that the brand promotes sustainable agriculture while empowering local communities to “help build a thriving future for the tourism and hospitality sector, strengthening the Kingdom’s position as a global tourism destination.”

 

According to the press release, Solan is committed to preserving and promoting local culture and traditions, and will also provide opportunities for visitors to learn about both traditional and modern agricultural practices.

Dan Co. signed memorandums of understanding with several strategic partners to contribute to the development of a sustainable local tourism system and develop the business of the agritourism sector by providing financing solutions to farm owners, the press release said.

Beyond financial support, Solan will equip partners with operational guidelines and conduct regular monitoring.

The brand is strategically targeting numerous cities across the Kingdom identified for their farm-based tourism potential. “The first pilot farms by Solan will be announced soon,” the statement said.


Two Saudi cybersecurity firms plan Tadawul listings within 2 years 

Updated 59 min 52 sec ago
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Two Saudi cybersecurity firms plan Tadawul listings within 2 years 

RIYADH: Two Saudi cybersecurity companies, Cyber and Infratech, plan to list a portion of their shares on the Saudi Stock Exchange, or Tadawul, between 2026 and 2027, according to the companies’ chairmen, who spoke to Al-Eqtisadiah. 

Abdulrahman Al-Kenani, founder and CEO of Cyber, said: “The company is currently planning to acquire certain entities, which will be disclosed in the coming period, in addition to preparing for a public offering through the Tumooh program on the stock market within the next two years at the latest.” 

Al-Kenani explained that the financial, healthcare and services sectors are witnessing continuous cyberattacks as Saudi Arabia expands its digital transformation, accompanied by a rise in the frequency of such incidents. He added that this phenomenon is not limited to the Kingdom but is a global issue. 

The CEO added: “The company is working with several Saudi airports and vital sectors, in addition to collaborating with major international companies to provide cutting-edge cybersecurity solutions.” 

Infratech plans 4 R&D centers abroad 

Ayman Al-Suhaim, CEO of Infratech, stated: “The size of the information technology and cybersecurity market in Saudi Arabia has reached approximately SR87 billion ($23.2 billion), of which SR15.7 billion are allocated to the cybersecurity sector. This includes consulting, managed services, governance, risk management, and cybersecurity within the industrial sector.” 

He said the company has a strategic plan covering the period from 2026 to 2028, which includes establishing a firm in the first quarter of next year to finance cybersecurity and artificial intelligence products, as well as launching four research and development centers in the US, Russia, China and Eastern Europe. 

The plan also includes investment in cloud storage, overseas ventures, and the expansion of operations and investments in data centers. 

Al-Suhaim said the company intends to go public in 2027, noting that it operates across multiple cybersecurity domains serving sectors including energy, defense, aviation and government services. 

The Tumooh program for small and medium-sized enterprises in Saudi Arabia is one of the support initiatives offered by the General Authority for Small and Medium Enterprises, or Monsha’at. It aims to drive SME growth by strengthening capabilities, improving performance and accelerating expansion. 

The initiative seeks to help fast-growing SMEs prepare for initial public offerings in the financial markets. To date, the program has facilitated the listing of 24 companies on the Nomu Parallel Market out of more than 2,500 firms registered under the scheme.