Top 10 Most Influential Leaders in Saudi Arabia, 2024

MOHAMMAD ALDOSSARY

A

VISIONARY LEADER AND

SERIAL ENTREPRENEUR

LETTER EDITOR’S

Business

APAC Top 10 Most Influential Leaders in Saudi Arabia, 2024

Illuminating the Business Horizon!

DearEsteemedReaders,

Intheever-evolvinglandscapeofglobalbusiness,theAsia-Pacificregionstandsasapowerhouseofinnovation,growth, andinfluence.Aswenavigatethroughtheintricaciesofadynamicbusinessenvironment,itbecomesparamountto recognizeandapplaudthevisionaryleadersshapingthetrajectoryoftheirrespectiveindustries.InthiseditionofBusiness APAC,weturnourattentiontocelebratingthe“Top10MostInfluentialLeadersofSaudiArabia2024.”

ThecurrentbusinessscenariointheAsia-Pacificregionismarkedbyafusionoftraditionalvaluesandcutting-edge technologies,creatingauniquetapestrythatdefinesthebusinesslandscape.Amidstgeopoliticalshiftsandtechnological advancements,SaudiArabiahasemergedasafocalpointofeconomicdynamism,attractingglobalattentionforits commitmenttodiversificationandinnovation.Theleadersfeaturedinthiseditionareattheforefrontofthistransformative journey,steeringtheirorganizationswithresilienceandvision.

OurcoverstoryfeaturesMohammadAldossary,theCo-FounderandCEOofSary,acompanythathasredefinedthe landscapeofsupplychainmanagementinSaudiArabia.Aldossary’svisionaryleadershipandstrategicacumenhave propelledSarytonewheights,makingitakeyplayerintheregion’srapidlyevolvinge-commerceandlogisticssectors. ThearticledelvesintotheuniquestrategiesemployedbyAldossary,sheddinglightonhowSaryhasbecomeacatalystfor changeintheSaudibusinessecosystem.

InadditiontoMohammadAldossary,thiseditionprofilesotherinfluentialleaderswhohavemadeindeliblecontributions totheSaudibusinessscene.FromthehealthcaresectorwithDr.LucaPassonetothefinancialdomainwithAbdulaziz FahadAlJoufandthetechnologyrealmwithMichaelCrickmore,eachprofileoffersacomprehensiveunderstandingofthe diverseindustriesshapingSaudiArabia’seconomiclandscape.AreenAbdullah,withhercommitmenttosustainabilityand corporateresponsibility,roundsoffthisstellarlineupofleaders.

AsweembarkonthisjourneythroughtheTop10MostInfluentialLeadersinSaudiArabia,2024,weinviteourreadersto exploretheinnovativestrategies,leadershipphilosophies,andtransformativeinitiativesthatdefinethebusinessnarrative inthisdynamicregion.BusinessAPACremainscommittedtobringingyouinsightfulperspectivesandin-depthanalyses thatempoweryoutonavigatetheever-changingworldofbusinesswithconfidenceandforesight.

HappyReading!

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Publisher : Archana Ghule

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BUSINESS APAC

MOHAMMAD ALDOSSARY

CEO and Co-founder | Sary

HOW

MOHAMMAD ALDOSSARY

Built
Sary

the B2B Platform that is Revolutionizing the Wholesale Industry in Saudi Arabia

SSaudiArabiaisanemergingmarketwherevisionary startupsaretakingshape.Inthelastdecade,several passionateentrepreneursintroducedtheirproducts andservices,whichwereessentialforSaudi’stech revolution.FMCGisoneofthemostactivemarket segments,whichkeepseconomicactivities revolvingaroundtheclock.Thisisamajorsector thatwasinthequeuefortechnological advancements.Findingthisgap,Mohammad Aldossarydecidedtotakeonthischallengingtask.

MohammadAldossaryistheCEOandCofounderof Sary,aB2Bplatformthatconnects smallbusinessestosuppliersinSaudiArabia.Heis avisionaryleaderandaserialentrepreneurinvolved inseveralsuccessfultechstartupsintheregion.In thisarticle,wewillexplorehisjourney,company, andachievements.

FromCareemtoCirc:Mohammad’sEarly Career

inTechStartups

MohammadAldossaryhasabackgroundin computerengineeringandhasworkedasasoftware developer,projectmanager,andconsultantfor severalcompanies,suchasIBM,Accenture,and SaudiAramco.However,hispassionforinnovation andtechnologyledhimtojointhestartupecosystem intheMiddleEast.

Hestartedhisentrepreneurialjourneywhenhe workedwithCareem,aride-hailingcompanythat waslateracquiredbyUberfor$3.1billion.He joinedCareemin2016asadeliverymanagerand helpeddevelopthedeliveryverticalinKSA.Healso oversawthelaunchofCareemNOW,afooddelivery servicethatcompeteswiththelikesofUberEats andTalabat.

In2019,heleftCareemandjoinedCirc,amicromobilitycompanythatwaslateracquiredbyBird,a

US-basedscooter-sharingcompany.Heledthestrategyfor CircintheKSAmarketandhelpedthecompanyexpandits operationsandpartnershipsintheregion.

Sary:AB2BPlatformforSmallBusinessesinSaudi Arabia

In2018,MohammadAldossaryco-foundedSarywithKhaled Alsiari,aformercolleaguefromCareem.Saryisanonline marketplacethatenablessmallbusinesses,suchasgrocery storesandrestaurants,toorderproductsinbulkfrom wholesalersandmanufacturersatcompetitivepricesandwith fastdelivery.Saryaimstodigitizeandstreamlinethe wholesaleindustryinSaudiArabiaandempowersmall businesseswithdata-driveninsightsandaccesstoawide rangeofsuppliers.

Sarysolvesseveralpainpointsforsmallbusinesses,such as:

● Lackoftransparency:Smallbusinessesoften havetodealwithmultipleintermediariesand brokerswhochargehighcommissionsandfees andofferunreliableinformationandquality

● Lackofconvenience:Smallbusinesseshaveto spendalotoftimeandeffortfindingand comparingsuppliers,negotiatingprices,and placingorders.Theyalsohavetodealwithcash payments,delayeddeliveries,andinventory management.

● Lackofchoice:Smallbusinesseshavelimited optionsregardingsuppliersandproductsandoften havetosettleforlow-qualityoroutdatedproducts.

As pioneers, we don't cut corners and continue to push the envelope for rooted inefficiencies in the supply chain “

Empowerment to our customers and partners comes from within the organization “

Saryaddressesthesechallenges byofferingaone-stopshopfor smallbusinessestoorder productsinbulkfromtopbrands andwholesalers,covering variouscategoriessuchasfood, beverages,cleaning,personal care,andstationery The companyalsodisplaysthelatest offersanddiscountsfrom suppliers,allowingsmall businessestosavemoneyand time.Saryacceptscash-ondelivery,onlinepaymentby Madacard,ore-billthrough Sadad,givingsmallbusinesses moreconvenienceandsecurity. Sarydeliverstheorderswithin 24hours,reducingtheneedfor storagespaceandinventory management.

Saryalsoprovidesdata-driven insightsandaccesstoawide rangeofsuppliersandproducts, helpingsmallbusinesses optimizetheiroperationsand increasetheirsales.The companyanalyzescustomer behavior,preferences,and feedbackandhelpssmall businessestailortheir marketing,pricing,and inventorystrategies.Italso enablessmallbusinessesto createavirtualstoreandoffera seamlessonlineshopping experiencetotheircustomers.

Sary’sGrowthandExpansion

Sinceitslaunch,Saryhasgrown rapidlyandraised$67.6million infundingfromvarious investors,includingSTV,Raed Ventures,MSACapital,and RocketInternet.Saryhasover 250employeesandservesmore than30,000businessesacross13 citiesinSaudiArabia.

cover story

Saryhasalsoexpandedits productofferingstoinclude SaryPay,adigitalwalletfor B2Btransactions,andSary Academy,atrainingprogram forsmallbusinessowners. SaryPayenablessmall businessestopayandgetpaid instantlyandsecurely,without thehassleofcashorbank transfers.SaryPayalsooffers creditandinstallmentoptions forsmallbusinesses,improving theircashflowandliquidity SaryAcademyprovides coursesandworkshopson topicssuchasmarketing, accounting,andcustomer service,enhancingtheskills andknowledgeofsmall businessowners.

Mohammad’sAwardsand Achievements

MohammadAldossaryhas beenrecognizedasoneofthe 11Saudientrepreneursshaping SaudiArabia’sfuturebyAl Bawabaandoneofthe100 mostinfluentialpeopleinSaudi ArabiabyArabianBusiness. Hehasalsowonseveralawards andcompetitions,suchasthe MITEnterpriseForumArab StartupCompetition,the StartupTurkeyChallenge,and theArabnetRiyadhStartup Battle.

MohammadAldossaryisarole modelandamentorfor aspiringentrepreneursinthe region.Heispassionateabout innovationandtechnologyand believesthatSarycan transformthewholesale industryandthesmallbusiness sectorinSaudiArabiaand beyond.

Areen Abdullah's

Blueprint for Success in Saudi Arabia's Evolving Shipping Landscape

KeyPoints

● LogisticsinSaudiArabiaadvanceswiththe2030Vision,astheRoyalHighnessCrownPrince MohammedbinSalmansays,“SaudiArabia’sstrategiclocationisthemostimportantgatewaytothe worldasalinkingcenterforthethreecontinents.”

● Commonchallengesintheshippingprocessincludetheabsenceofeffectivecommunication, insufficientoperationalsupport,andalackofknowledgeregardingavailableresourcesforthese services.

● AreenAbdullah,HeadofCommercialatBaredex,focusesondevelopingexternalstrategiestooffer solutionstoclientsbycollaboratingwiththemandunderstandingtheiruniqueshippingrequirements.

ThelogisticsindustryinSaudiArabiais

undergoingadigitaltransformationdriven bytechnologieslikeAI,robotics,anddata analytics.Thegrowthofe-commerceisincreasing thedemandforlast-miledeliverysolutionsand omnichannellogisticscapabilities.TheSaudi governmentisheavilyinvestingininfrastructure developmenttoimproveconnectivityandreduce transportationcosts.Thereisagrowingfocuson sustainabilityinthelogisticsindustry,with companiesimplementingmeasurestoreducetheir environmentalimpact.

AreenAbdullah,theHeadofCommercialat Baredex,hasmadeinnovativestridesin overcomingtheindustry’sperennialchallenges. Baredexisaglobalshippingplatformoffering servicestoover500destinations,positioningitself asthego-tochoiceforfindingthebestshipping company.Baredexsimplifieslogisticsbybeinga singleplaceformanyglobalshippingcarriers.

InthelatestinterviewwithBusinessAPAC,Areen Abdullahsharedthestoryofdedicationand

innovation,demonstratinganinvincibledrivethat propelsSaudiArabia’slogisticsindustryahead,enabling theflawlessflowofbusinessinaninterconnectedglobe.

(ThefollowingQ&Ahasbeeneditedforlengthand clarity)

BusinessAPAC:Today’syouthoftenprioritizetheir careersastheprimarygoal,seekingunique opportunitiesacrossvariousindustries.Couldyou shareyourjourneyintothelogisticsindustryand shedlightonwhatmotivatedyourchoice?

Areen:Mymainmotivationwasthesupportofmy familyandthehugeempowermentofwomeninSaudi Arabia.IgraduatedfromKingAbdulazizUniversitywith abachelor’sdegreeinMarketingin2020.

Afterthepandemic,Istartedmycareerasasales representativeatBaredex,alogisticssolutionscompany Workinginastartupcompanywithasmallteam providedmewithanopportunitytodevelopmyskills.I hadtheprivilegetolearndifferentaspectsofthebusiness inashorttime.

“On shul hv fait i wha they do an b rady to stan fir i an sia.”

Head of Commercial | Baredex

Withinayear,Iwaspromotedtotheproductmanagerof Baredex.Icontinuedtoself-learnandgainmoreexperiencein thisfield.Recently,Ibecamethecommercialmanagerofthe company

BusinessAPAC:Youhadbeenasalesrepresentative,and arenowaHeadofCommercialinthelogisticsindustry. Whatchangeshaveyounoticedinthelogisticsmarketof SaudiArabiaandwhatarethechallengesoropportunities thatyouforesee?

Areen:ThelogisticssectorinSaudiArabiaisundergoing rapidadvancements,drivenbytheambitiousgoalsoutlinedin the2030VisionbyHisRoyalHighnessCrownPrince MohammedbinSalman,whosaid,“SaudiArabia’sstrategic locationisthemostimportantgatewaytotheworldasa linkingcenterforthethreecontinents.”

Withitsdiversegeographicalfeaturesandextensive transportationinfrastructure,includingports,airports,and roadnetworks,theKingdomhasthepotentialtobecomea majorgatewayfortradeandcommercebetweenthese continents.

AsIwritethis,mykingdomhasthebiggestopportunityinmy opinionthatmakesmefeelproud.Winningthebidtohost Expo2030inRiyadhpresentsasignificantopportunityforthe Kingdomtoshowcaseitscapabilitiesandpotentialtothe world,providingaplatformforcollaborationsand partnerships.Thelogisticalandtransportationsectorswillbe atthecenterofthesedevelopments,asthousandsof exhibitorsandvisitorswillrequireseamlesslogisticssupport. Thispresentsbothanopportunityandachallengethatisnot hardforustoachieve.

BusinessAPAC:Canyouelaborateonthecommon challengesfacedbyindividualsandcorporationsinthe shippingprocessthatBaredexaimstoaddress?Howdoes yourmodelspecificallytackleissuesrelatedto communication,operationalsupport,andresource knowledge?

Areen:Baredexisredefiningshippingandlogisticsinthe Kingdomwiththecustomeratthecenterofthemodel.Our clientsareindividualsandcorporationswhofacecommon challengesintheshippingprocess,suchasalackofeffective communication,operationalsupport,andinexperiencewith theregulatoryandoperationalprocessesforSaudiArabia.

Weaimtosolvetheseproblemsbyprovidingphysicalstores acrosstheKingdomthatallowcustomerstoship,collect,and shopattheirconvenience,withlongeropeninghours,digital

technologyattheirfingertips,andon-demanddeliveries. Wewanttoeliminatetheissuesofmissingdeliveriesand damagedparcels.

Moreover,Baredexwillbelaunchingover200new locationsinthenext18monthsandhundredsofnew, state-of-the-artdeliveryvehiclesthatwillcoverthe Kingdom,fromthemegacitiesofRiyadhthroughtothe smallcommunitiesinruralareas.Webelievethatour customersshouldbefreetosendandreceiveshipments fromanywhereintheworld,deliveredrighttotheir doorstepatatimeconvenienttothem.

BusinessAPAC:Youhaveachievedtheremarkablefeat ofbecomingthefaceofthecompanyinaveryshort period.Howdoyoumanageyourdailyresponsibilities attheworkplace?Whataresomeofthenotable achievementsthatyouareproudof?

Areen:AstheHeadofCommercialatBaredex,mykey responsibilityistomakeBaredexaccessibletoevery personinSaudiArabia,wherevertheymaybe. Toachieve thisambitiousvision,Ileadthesalesandcustomercare teams,securegovernmentaldeals,anddrivebothinternal andexternalstrategiestocontinuouslyimprovethe logisticsexperienceforourclients.

Thisinvolvesidentifyingareasforimprovement, implementinginnovativetechnologies,andoptimizing processestostreamlineouroperationsandmaximize efficiency.

Furthermore,Ialsofocusondevelopingexternalstrategies forourclientsbycloselycollaboratingwiththem, understandingtheiruniqueshippingrequirements,and providingsolutions.

WhenIlookbackonmyachievements,Ithinkthemost significantoneistheabilitytoreachsuchapositionata youngage.Ialsotakeimmenseprideinsecuringthemost substantialdealswithinthecompanyandbeingthego-to personforextensiveknowledgeacrossvariousdomains.

BusinessAPAC:Beingayoungleaderisnoteasy, especiallyinacompetitiveindustry.Whatwerethe challengesthatyoufacedinyourroleandhowdidyou overcomethem?

Areen:Asayoungleader,Ifacedvariouschallengesthat testedmyprofessionalismandskills.Oneofthehardest

hurdlesandmostcommonforyoungleaderstofaceispeople doubtingtheirskillsandcapabilities,especiallywhentheylackthe experiencetraditionallyassociatedwithleadershiproles.Iadmitthat Ifacedsetbacksandmademistakesalongtheway.However,these challengeswereessentialformypersonalgrowthanddevelopment.

Toovercomethischallenge,Ireliedheavilyonthesupportand guidanceofmynetwork.Havingasupportivefamilywasacrucial factorinboostingmyconfidenceandhelpingmestayfocusedduring difficulttimes.Moreover,withthesupportofmyfamily,andthetrust andguidancefromtheFounderandCEO,Iwasabletoovercome theseobstacles.

BusinessAPAC:Noonecanloveeverythingabouttheir workplace.Whatisonethingthatyoulovethemostandone thingthatyouhatethemost?

Areen:Ilovehowthelogisticssectoriscontinuouslyevolving, presentingexcitingchallengesandopportunitiesforgrowth.Itkeeps meengagedandmotivatedtofindinnovativesolutionsanddeliver exceptionalresultstoourclients.

However,ifIhavetosaysomethingthatIhate,itwouldbethe difficultyofdealingwithextensivepaperwork,regulatory compliance,andvariousapprovalprocessesthatcanbetimeconsuming.

BusinessAPAC:Balancingprofessionalandpersonallifecanbe challenging,especiallyforyoungleaders.Howdoyoumanageto achievethisbalance?

Areen:Toachieveahealthywork-lifebalance,Imakesureto separatemyworklifeandpersonaltime.Whilethereareoccasions whenImayneedtobringworkhome,IensurethatItakeafewhours torelaxwithmyfamily.Spendingqualitytimewithmylovedones givesmethementalrefreshmentandfocusIneedtohandleany work-relatedtasksathomeortheoffice.

Apartfrommyworklife,Ihavesomehobbiesthatbringmejoy. WheneverIfeelstressed,Ifindsolaceingoingtothegym,playing paddlewithfriends,orgoingtothebeach.Theseactivitieshelpme relievetensionandclearmymind.

BusinessAPAC:Manyyoungreadersaspiretohaveacareerin thelogisticsindustry.Whatadvicewouldyougivetoupcoming leaderslikeyou?

Areen:Mymessagetoyoungleadersistohavefaithintheirskills andbeconfidentinfacingexcitingchallenges.Logisticsisadynamic fieldthatrequiresyoutodealwithvariouscomponentsandtostayup todatewithtechnologicaladvancementsshapinglogistics.

MiCHAEL CRiCKMORE

Bridging Cultures, Leading Innovation in Saudi’s Business Landscape

MichaelCrickmore,aseasonedcorporate founder,boastsaprolificentrepreneurial journeyspanningover15venturesacross diversesectors,fromthefutureofmobilityto internationalgovernmentandadvisoryroles. CommencinghiscareerasanentrepreneurinHong Kong,MichaelnavigatedrolesatErnstandYoung inLondon.Here,hedelvedintomanagement consulting,specificallyfocusingontheFutureof Mobility,contributingtopivotalprojectsduring BrexitintheDepartmentforInternationalTrade andNHS’songoingstaffingcrisis.

AsthesecondemployeeatFoundersLaneLondon, lateracquiredbyCreativeDock,Michaelplayeda crucialroleinleadingnewventureswith internationalclients.Hisnotableco-founding achievementincludesRekabinSaudiArabia.This ventureachievedanimpressivemilestoneof3.5 millionridesinthefirst18months,boastinga remarkable27%compoundedmonthlygrowthrate andavaluationsurpassingUS$60millionafterjust 12months.

InJanuary2023,MichaelfoundedFvtvreinSaudi Arabia,markingtheinitiationofgroundbreaking venturessuchasPropXinPropTechandDecisionX inFinTech.Holdinganundergraduatedegreein BusinessStudieswithafocusonStrategyand AccountingfromLancasterUniversity,includinga yearabroadinHongKong,Michaelfurtherfortified hisexpertisewithaMaster’sDegreein InternationalBusinessStrategyfromHult InternationalBusinessSchool,spanningLondon

andNewYork.Withawealthofexperienceanda trackrecordofsuccessfulventures,Michael continuestobeatrailblazerinentrepreneurship andcorporateleadership.

LeadershipExcellenceandImpactfulVentures

Invariousleadershiproles,Michaelconsistently demonstratesaversatileskillset,excellingin teamleadership,fundraising,andstrategyand partnershipdevelopmentandexecution.Asa teamleader,heeffectivelyguidesventures, fosteringcollaborationandinnovationamong teammembers.

Hisfundraisingproficiencyishighlightedby successfullyestablishingventureslikeRekaband Fvtvre,showcasinghisabilitytosecurefinancial backingforambitiousprojects.Michael’s strategicacumenisevidentindevelopingand executingpartnershipsthatcontributetothe growthandsustainabilityofventuresunderhis purview

Notably,Michaelreceivesrecognitionforhis entrepreneurialprowessandleadership.The accoladeof“MostInnovativeVentureBuilding Firm2023”inSaudiArabiaatthePrivateEquity andVentureCapitalAwardshighlightshis commitmenttoinnovationandexcellenceinthe venture-buildingspace.Additionally,the acknowledgmentof“BestFintechBankingStartUpinMENA2023”bytheGlobalFinancial MarketsReviewisatestamenttohissuccessin

FOUNDER | FVTVRE

steeringventurestowardexcellenceinthecompetitivefintech landscape.

Michael’sachievementsextendbeyondaccolades, encapsulatingthetangibleimpactofhisventures.The remarkablegrowthofRekab,aleadingride-sharingplatform inSaudiArabia,showcaseshisabilitytodriveventuresto substantialsuccess.Rekabhasbeenprovidingmobilityto majoreventsintheKingdomsuchasFormula1,the InternationalBoxingFederation,andLeap,directlyhiringone ofthelargestfleetsoffemaledriversforfemalepassengers.

Throughsharingrideswithmultiplepassengers,Rekabhas avoidedCO2emissionsthataretheequivalentof1,400fully loadedflightsbetweenLondonandNewYork.Rekabhasalso delivereda1350%ROCEforitscorporateinvestors, maintainedafeedbackscoreof4.7outof5(highestinthe industry),andemployedover700Saudisprovidingstable employmentvsthegigeconomy.Michael’svisionand leadershiphavemadeRekabagame-changerinthe transportationsectorandacatalystforsocialand environmentalchangeinSaudiArabia.

Furthermore,thelaunchofFvtvrewithgroundbreaking ventureslikePropXandDecisionXfurthersolidifiedhis positionasaninfluentialfigureinshapingthefutureof technologyandfinanceinSaudiArabia.

StrategicVentureEcosystemAlignedwithVision2030

Futureisadynamicventurestudiowithfullintegration.Itis renownedforitscapacitytogenerate,build,andfund venturesfromthepre-seedstagetoearlycommercial validation.Committedtocreating3-4strategicventures annuallyinFinTech,PropTech,Consumer,andSocialImpact, Fvtvreplacesitselfattheforefrontofinnovationinlinewith SaudiArabia’sVision2030objectives.

Thecompanyfeaturesacompactyethighlyskilledteamof12 coremembers,eachwithextensiveexperienceindeveloping venturesacrossglobalcorporates,fast-growingstartups,and industry-leadingscale-ups.Thisteamencompassesa comprehensiverangeofverticalandfunctionalexpertise neededfordesigning,launching,andscalingstartups.The hybridcompositionoflocalandinternationaltalentreflects Fvtvre’sdedicationtocapitalizingonthediverse opportunitiespresentedbyVision2030,demonstratinga commitmenttoglobalbestpracticesalongsidelocalinsights.

“

Networks are the most critical source of success, whether that is having a network with established leaders in the market or a network of latent consumers who are waiting for a new solution

NavigatingCulturalBarriersandOvercoming Resistance

Asanon-Saudileaderwithdifferentworkingculturesand languages,Michaeladoptedamultifacetedapproach.Firstly, effectivecommunicationandrelationship-buildingplayeda crucialrole.Byencouragingopendialogueand understanding,hereducedresistanceandillustratedthe valueofdiverseleadershipinachievingVision2030 objectives.Additionally,Michaelimplementedstrategic initiativestodemonstratethebenefitsofforeignleadership, emphasizinghisglobalperspectivesandexpertise.This includedhighlightingsuccessfulcasestudiesandleveraging histrackrecordinventuressuchasRekabandFvtvre.

Indealingwithsenior-leveltalentshortages,Michael exploredinnovativerecruitmentstrategies.Thisinvolved targetedinitiativestodeveloplocaltalentthroughtraining programs,andexpandingthepoolofqualifiedSaudi professionals.Simultaneously,internationalrecruitmentmay havebeennecessarytoaddressthescarcity,requiringhimto navigatepotentialculturaldifferencesandintegratediverse perspectivesintotheorganizationalfabric.

FoundationalPrinciplesofFvtvre’sCollaborativeand InnovativeFramework

TheteamatFvtvreoperateswithinaclearframeworkthat encouragescollaboration,transparency,andinnovation. Beforestartinganyventure,roundtablediscussionsandaco-

founderagreementlaythegroundwork,aligningteam membersonexpectations,incentives,andcollaborative methods.Theseprocessesestablishafairmechanismfor rewardsandtoolstoaddressdeviationsfromworkand collaborationstandards.

Democratizedcommunicationensuresthateveryteam memberunderstandsthebroadervision,emphasizingthe significanceoftheircontributions.Cultivatingleadersrather thanmeremanagershelpstheorganizationmaintainflat hierarchies,empoweringeveryonetoactivelyparticipatein shapingbusinessstrategyandplans.

The“Failfastandlearn”cultureencouragesrisk-takingand experimentation,steeringawayfromthepunitiveapproachto failuresthatoftenhampersinnovationinlargecorporations. Embeddedtrustisacornerstone,allowingflexibilityinwork hoursandlocations,withsuccessmeasuredthrough milestoneachievementsratherthanstricthourlytracking.

Moreover,Michaelkeepstheteammotivatedandproductive byemployinganequity-sharingmodelthatextends incentivestoeveryteammember.Thisapproachaligns individualsuccesswiththeoverallgrowthandsuccessofthe business,fosteringacollectivesenseofownershipand commitment.Emphasizingresults-drivenKPIsand promotingacultureoftrustandcollaboration,Michael ensuresthattheteamremainsmotivated,innovative,and alignedwiththecompany’soverarchingvision.

StrategicNetworkingforYoungLeadersinSaudiArabia

Michaelemphasizestheimportanceofnetworksasacrucial sourceofsuccessforyoungleadersaspiringtomakea differenceinSaudiArabia.Whetherestablishingconnections withestablishedindustryleadersortappingintoconsumer networkseagerlyawaitinginnovativeSaudi-madesolutions, Michaeladvisesyoungleaderstoprioritizebuilding meaningfulrelationships.

Forthoseaspiringtomakeanimpact,Michaelencourages cultivatingconnectionswithinfluentialfigureswithinthe industry.Seekingoutmentors,engagingwithindustry leaders,andcollaboratingwithpotentialpartnerscanprovide valuableguidanceandopendoorstoimpactfulopportunities. However,itisessentialtoensurethatwhenreachingoutto anindustryleaderorpotentialcollaborator,oneapproaches theinteractionwithrespect,preparedness,andaclear understandingofhowtheconnectioncanbemutually beneficial.

Understandingthelocallandscapeisanotherkeypieceof advice.Youngleadersshouldinvesttimeingaininginsights intomarketdynamics,culturalnuances,andconsumer preferencesuniquetoSaudiArabia.Thisunderstandingis crucialfortailoringsolutionsthatalignwiththeVision2030 objectivesandresonatewiththeSaudiaudience.

Additionally,Michaelrecommendsidentifyingambassadors forone’svision.Influentialindividualswhocanintroduce andendorseayoungleader’sbusinesscansignificantly enhancecredibilityandreachwithinthemarket.Prioritizing relationship-building,understandingthelocalcontext,and activelyparticipatinginthebusinessecosystemcanhelp youngleaderspositionthemselvesforsuccessin contributingtoSaudiArabia’stransformativeVision2030

Mobilecommerce,orM-commerce,israpidly

growinginpopularity,andit’snothardtosee why Withtheriseofmobiledevices,consumers areincreasinglyturningtotheirsmartphonesandtabletsto makepurchases,accessservices,andengagewithbusinesses. Forindustryexperts,CEOs,andentrepreneurs,it’simportant tostayup-to-dateonthelatesttrendsanddevelopmentsinmcommercetostayaheadofthecurve.Inthisarticle,wewill exploreeverythingyouneedtoknowaboutm-commercein 2023,includingitsdefinition,trendsandstatistics,keyplayers, challengesandopportunities,andbestpracticesforsuccess.

Whatexactlyism-commerce?

M-commerceisasubsetofe-commercethatmakesuseof tabletsandsmartphones.Mobileapplicationsandresponsive websitesaretheprimarydistributionchannelsforthisbranch, allowingforsmoothoperation.Ithasservedbillionsofbuyers anddealersallovertheworld.Itspopularitygrewasaresultof itsmobility.Simplyput,thisisamobile-friendlydigital shoppingcounter.

M-commercevs.E-commerce

Almosteveryoneisawareofthe dominante-commerceplayerknown asAmazon.Therevolutionary approachandlast-mileconnectivity werethedrivingforcesbehindecommerce.Aftertwodecadesof service,anewbranchofecommercehasemergedthatis elevatingtheshoppingexperienceto newheights.M-commerceisa cutting-edgetechnologythathasthe potentialtoserveeveryindustry.Ecommerce,alsoknownaselectronic commerce,isnothingmorethan onlinebuyingandsellingona computerorlaptop.Whilemobile commerce(m-commerce)isdone throughwirelessdeviceslike smartphonesortablets.

M-Commerce E-Commerce

Flexibility

Accessibleonwirelessdeviceslikesmartphonesortablets withlow-speedinternetconnectivity

Easeofuse

Carryallthenecessaryinformationincompactresolution. Mobile-optimizedwebsitesandapplicationsmakeitmore convenient.

Security

Itisaproductofcutting-edgetechnology Asaresult,it includesallofthenecessarysecurityfeatures,suchas biometriclocksandapplocks.Eventhedevice’sconstant securityupdatesequipitwithantivirus.

Flexibility

Lessflexible,asyouneedadesktopcomputerorlaptopwith speedyinternetconnectivity

Easeofuse

Containsmoreinformationandheavyimagesthatneedhighspeedinternetandmaytaketimetogetthefullpageloaded.

Security

Giventhatthebrowsingdevicemighthaveahiddenvirus, thelikelihoodofcyber-attacksanddatabreachesishigh. Evenfakewebsitesaredifficulttospot.Asaresult,active antivirussoftwaremustbeinstalled.

M-commerce

Astechnologyupgrades,newtrendsstartrevolvinginthe market.Hereareafewofthem-commercetrendsfor2023 thatmustbefollowed.

1.Chatbots

Millionsofpeopleareutilizingm-commerceservices acrosstheglobe.ThedatapublishedbyStatistashowcases agreathikeinsmartphonemobilesubscriberssince2016. Asthesearchvolumeincreases,itgetsmoredifficultto answereveryquery.Therefore,chatbotsstandatthe forefronttoeasetheprocessandmaketheresponsequick. EventheadaptabilityofAIishelpingchatbotsoperatemore efficiently

2.VoiceCommandSearch

UpgradingAIandvoicecommandtogetherishighly promotingvoicecommandsearches.Won’tyouenjoy tellingyourphonetosearchforat-shirtforyouwhiledoing othertasks?Ofcourse,there’salotmoreyoucanmake yourphonedowithvoicecommands.However,thisis gettingbetterandbetterwithnewupdatesfromthe developerstoenhanceyoursearchprocess.

3.RetailMobileApps

Thecovid-19pandemicmadeeverynormallifestandstill.It gaveasparktoretailshopdeliveryservices.Now,people expecteverythingtogetdeliveredtotheirdoorstep.They wanteverythingtobeeasilyavailable.Onlym-commerce makesiteasyforthemtoplaceanorderforgroceryitems andgetthemdeliveredinminutes.Since2021,mcommercehasaccountedforalmosthalfoftheecommercesalesintheUSA.Thenumbersare encouraginglyrisingintheUSAandUK,with7.3%and 15.6%ofretailtradeinmobilecommerce,respectively,in 2021.

4.AugmentedRealityandVirtualReality

Wouldyouenjoydesigningyourfavoritecaronyourcell phone?Orwillitbebetterifyougetapersonalizedpaint applicationtodesignyourwalls?Well,themajorplayers suchasBMW,Volvo,andIKEAprovidethiskindof service.Thebestpartisthatpeoplearewidelyaccepting

suchconcepts.Imaginebeingallowedtochoose yourcar’scolor,interior,andevenitsalloy designs.Thisvirtualgarageisoneofthemost enjoyedplacesfortheautomotiveenthusiast.

5.PaymentOptions

Carryingcashormakingpaymentsthroughcredit cardsisgettingreplacedbydigitalwalletsor mobilewallets.Itissafe,secure,andquicktopay Theinterestingpartaboutmobilewalletsisthat you,asamerchant,needfewerinfrastructuresto receivepaymentsascomparedtoaPOS(pointof sale)machine.MobilepaymentappslikeGoogle PayandApplePayareamongthemostusedfor merchantpayments.

ChallengesandOpportunitiesinM-Commerce

Alistofnegativeandpositiveaspectsofmcommerceismentionedbelow.Hereareafew selectedonesthatarehighlightedintheinitial stagesofdevelopment.

Challenges

DeviceLimitations

Haveyoueverinstalledanapplicationandlater discoveredthatitwasnotworkingproperly? Whenyouhaveanoutdatedphonewiththelatest softwareprogramsinstalled,thisoccurs.Unlike software,olderhardwaredoesnotreceiveOTA updates.Asaresult,peoplewhodonotupgrade tendtodeleteappsthatappeartobeless importanttothem.Evenhavingasmallscreen limitstheuser’sabilitytohaveaseamless experience.

ExperienceOptimization

Thereisachancethatthemobilewebsiteorapp hasnotbeenoptimizedforsmoothoperation. Eveniftheuserresolvesthehandsetissue,the negativeuserexperiencemayharmthereputation ofyourbrand.Asaresult,yourmobilewebsite andtheappmustberegularlyupdatedand optimized.

Opportunities

PersonalizedExperience

Everyoneappreciatespersonalized services.Mobileapplications streamlineandexpeditethepurchasing process.Astheendusers,everything willbeattheirfingertips,from searchingforaproducttomakinga payment.Personalizedoffersand discountsmakeitevenmoreappealing. Asaresult,severalstudieshavefound thatuserswhoreceivediscountsmake frequentpurchases.

HigherEngagementandCTR

Accordingtomarketstatistics,the higherthelevelofengagement,the morelikelyacustomerwillbuya product.Mobileappswith

personalizedoffersanddiscounts encourageuserstostayontheappfora longerperiodoftime.Asaresult,the likelihoodofhigherclick-throughrates increases.Thiseventuallyleadsto increasedrevenue.

Thiswasjustashort,explanatoryblog onm-commercethatcovereditsinitial stages.Itisavasttopictobediscussed andworkedon.Theearlieryouenter, thebetteroffyouare.Therefore,we haveasimplesuggestionforthose marketexperts,CEOs,and entrepreneurs:getyourhandsonmcommercebeforethemarketgets floodedwithotherbigplayers.We hopethispieceofoureffortsfilled yourvaluabletimewithuseful information.Wekeeppublishingsuch knowledgeableblogsatregular intervals.Staytunedforthenextblog.

Inthedynamicyear2023,certainbusinesseshavestood outfortheirsignificantprofitgeneration,earningthemthe titleoftheyear’smostprofitablecompanies.Inthis analysis,wewillthoroughlyexaminetherevenuesources thathavepropelledthesecompaniestoexceptional financialsuccess.Wewillalsodelveintotheirmarket positioning,andrevenuetrends,andidentifythestock exchangeswheretheirfinancialstrengthisevident.The goalofthisanalysisistoprovideacomprehensive understandingofhowthesetopbusinesseshaveachieved remarkablesuccessandbecamethemostprofitable companiesinthe2023landscape.Let’sgetstarted!

TheCurrentGlobalBusinessEnvironment

Thecurrentglobalbusinessenvironmentpresents numerouschallengesandopportunities.

●Opportunities

●1.TheRiseofTechnology:Noveltechnologies,suchas artificialintelligence,blockchain,androbotics,are emergingandofferingfreshprospects.Theseinnovations enablebusinessestoexplorenewavenuesandreshapetheir operations.

●2.TheGrowthoftheDigitalEconomy:Therapid expansionofthedigitaleconomyoffersacrucialbusiness opportunity.Enterprisesthatembracethistrendcansecure aprosperousfuturebyaligningwithitsdynamiclandscape andtransformativepotential.

●3.IncreasingDemandforSustainableProductsand Services:Withgrowingconsumerawareness,thedemand forsustainableproductsandservicesisontherise.This trendprovidesbusinesseswithapromisingopportunityto capitalizeonbyaligningwitheco-friendlypreferences.

●4.TheGrowthofEmergingMarkets:Theswift expansionofemergingmarketsoffersalucrative opportunityforbusinessestofostergrowth.By strategicallyaccessingthesemarkets,companiescan effectivelyexpandtheirenterprises.

●Challenges

1.TheCOVID-19Pandemic:Theglobalillnesscaused bythepandemicsignificantlyimpactedtheworld’s financialsystem,resultingindifficultiesinobtaining products,risingprices,andaslowdownineconomic growth.

2.TheWarinUkraine:TheconflictinUkraineposed substantialchallengesforindividualsandtheglobal economy,causingwidespreadsuffering.Italsoledto increasedenergycostsandgreateruncertaintyaboutthe future.

3.RisingInflation:Inflationisontheriseinnumerous countries,erodingpurchasingpowerandincreasing operationalcostsforbusinesses.Thisisarippleeffect stemmingfromthepandemicthathasaffectedbusinesses worldwide.

4.GeopoliticalTensions:Tensionsbetweencountriesare escalating,potentiallyexacerbatingissuesfortheglobal economy.Forinstance,theRussian-Ukrainianconflicthas strainedrelationsbetweencountriessuchastheUSAand China.

5.ClimateCrisis:Theclimatecrisisrepresentsasignificant threattotheglobaleconomy,necessitatingproactive measuresbybusinessestomitigateitsimpact.

TopTrendingIndustries

Thesearesomeofthemostpopularandprofitableindustries in2023.

1.HealthcareIndustry:Theexpectedrevenuegrowthrate is14.77%,amountingto$28.77billionby2027.

2.E-commerceIndustry:Theexpectedrevenuegrowthrateis projectedtoreach$70.9trillionby2028,exhibitingagrowth rate(CAGR)of27.43%during2023–2028.

3.AIIndustry:In2023,themarketvaluestoodat$150.2 billionandisanticipatedtoincreaseto$1,345.2billionby 2030.TheglobalAImarketisregisteringaCAGRof36.8% from2023to2030.

4.VRandARIndustries:RevenueintheARandVR marketsisprojectedtoreach$31.1billionin2023,withan expectedannualgrowthrate(CAGR2023-2027)of13.72%.

5.BlockchainIndustry:Theglobalblockchaintechnology marketsizeisexpectedtoreachapproximately$2,334.46 billionby2032,growingatacompoundannualgrowthrate (CAGR)of85.7%from2023to2032.

6.DataAnalytics:Theglobaldataanalyticsmarketis expectedtogrowatacompoundannualgrowthrateof26.7% from2023to2030,reaching$302.01billionby2030.

MostProfitableCompanies

1.AppleInc.

●HQ:USA

●MarketRevenue: $81.797Billion

●Exchange:NASDAQ

In2023,Applestandsoutasoneofthemost profitablecompanies.Themajorityoftheirrevenue derivesfromiPhonesales,constituting53%of theirearningsinQ32023,totalingapproximately $39.67billion.FollowingiPhones,iPadscontribute $5.79billion,withMacsgenerating$6.84billion. Inadditiontothese,Applegarners$21.21billion fromitsservicesdivision.Beyondthesecore revenuesources,Apple’sincomestreamalso benefitsfromwearablesandvariousservices.The significanceofthesesupplementaryincome sourceshassteadilygrownovertheyears.

2.MicrosoftCorp

●HQ:USA

●MarketRevenue: $211.915Billion

●Exchange:NASDAQ

In2023,Microsoft’sprimarysourceofincomewas cloudcomputing,generating$28.5billion, followedcloselybyOffice365,whichbroughtin $63.36billion.Windows,widelyutilized,also contributedsignificantlytotheirrevenue.LinkedIn added$15.12billiontoMicrosoft’searnings throughsubscriptions,advertisements,joblistings, andeducationalservices.Gaming,too,playeda substantialrole,accountingfor$15.47billionin revenue.Microsoft’sdiverseincomestreamsare derivedfromcloudservices,softwareproducts, socialnetworks,andgaming,collectively generatingsubstantialrevenueforthecompany

3.AlphabetInc.(GOOGLE)

●HQ:USA

●MarketRevenue:$74.604Billion

●Exchange:NASDAQ

AlphabetInc.earned$58.1billionexclusively fromadvertising,makingitoneofthemost profitablecompaniesinAmericain2023.Google, astheworld'slargestadvertisingplatform,derives

themajorityofitsrevenuefromadvertising.In additiontothis,thecompanyaccrued$7.4 billionfromitscloudcomputingservicesin 2023.YouTube,theworld'sforemostvideosharingplatform,contributedsignificantlyto Google’srevenue,generating$28.84billionin 2023.Thecompanyalsogarnered$1.93billion throughvariousotherservicesinthesame year

4.Samsung

●HQ:SouthKorea

●MarketRevenue:$218.04Billion

●Exchange:KRX

In2023,theprimaryrevenuesourcesfor SamsungareITandmobilecommunication, whichcollectivelycontributeto51.5%ofthe company'stotalrevenue.Withintherealmof devicesolutions,Samsungencompasses semiconductors,displays,andcomponents, andthissegmentisprojectedtorepresent 27.6%ofthecompany'stotalrevenueforthe sameyear.Consumerelectronics,ontheother hand,contribute11.9%toSamsung'stotal revenuein2023,whilebuildingand constructionactivitiesaccountfor8.4%ofthe company'srevenue.Lastly,financialservices makeupamodest0.6%ofSamsung'stotal revenue.

5.Pfizer

●HQ:USA

●MarketRevenue:$67to$70Billion

●Exchange:NYSE

Pfizer,apharmaceuticalcompany,primarily derivesitsrevenuefromthesaleof prescriptiondrugs,vaccines,andbiologics. Biopharmaceuticalscontributeto84%ofthe company’stotalrevenue,whileconsumer healthcareisexpectedtomakeup14%of Pfizer’soverallrevenuein2023.In2023, Pfizer’sconsumerdivisionreportedearningsof $13.2billion,reflectinga10%increasefrom thepreviousyear Thecompanyisactively investinginthedevelopmentofnewdrugsand vaccines,solidifyingitspositionasoneofthe healthcaresector’smostprofitableentities.

6.SBI

●HQ:India

●MarketRevenue:$16.884Billion

●Exchange:NSE

Throughtheinterestincome,SBIgenerated $470,719,903ininterestincome.Accordingtothe codeyouprovided,SBIearnedaprofitof$6.2billion throughfeesandcommissionsin2023.Additionally, SBIgenerated$38.905billionfrominvestment incomeand$4.9billionfromothersourcesofincome inthesameyear.

7.RelianceIndustries

●HQ:India

●MarketRevenue:$108.21Billion

●Exchange:NSE

Reliance,thesecondmostprofitablecompanyin India,generateda$565millionprofitinthesame period.Italsoearned$47.2billionthrough petrochemicalsin2023and$310.4billioninprofit fromretailsales.RelianceJioreportedrevenueclose to$1.5billioninfiscalyear2023and$5.6billion fromdigitalservices.ThegrowthinReliance’s revenuein2023wasprimarilydrivenbythe expansionofitsretailanddigitalbusinesses.Reliance Industriesremainsthesecond-mostprofitable businessinIndia.

8.SaudiAramco

●HQ:SaudiArabia

●MarketRevenue:$2.229Trillion

●Exchange:SAR

In2023,SaudiAramcogeneratedrevenuefrom varioussources.Specifically,theyearned$388.5 billionthroughoilandgasproduction,$57.2billion fromrefineriesandchemicals,$31.8billionthrough marketinganddistribution,and$10.7billionfrom corporateandotheractivities.Thisrevenuegrowthin 2023canbeattributedtotheriseinoilprices.

9.Tencent

●HQ:SaudiArabia

●MarketRevenue:$2.229Trillion

●Exchange:SAR

OnlineadvertisingwasTencent’s primaryrevenuesourcein2023, comprising42%ofthecompany’stotal earnings.Specifically,Tencentamassed $126.5billioninrevenuefrom advertisingduringthatyear Additionally,thecompanygenerated $102.1billionfromvalue-addedservices in2023.Thethird-largestcontributorto Tencent’srevenuein2023wasFinTech andbusinessservices,accountingfor 25%ofthecompany’soverallearnings. Thissectoryielded$77.6billionin revenuein2023andemergedasthe mostprofitablesegmentofthe company’soperationsduringthatyear

10.Gazprom

●HQ:Russia

●MarketRevenue:$2.229Trillion

●Exchange:MCXGAZP

In2023,Gazpromisexpectedtoearnan estimated$35billionto$46billionin revenuefromnaturalgas.Specifically, Gazprom’srevenuefromtransportation servicesin2023amountedto$3.1 billion,markinga10%declinefromthe $3.4billiongeneratedin2022.Asper myavailablesources,Gazprom’s revenuefromliquefiednaturalgas (LNG)in2023reached$15.3billion, whileitgeneratedanadditional$30.4 billionthroughitsotherbusiness operations.

Intheever-evolvinglandscapeof2023, somebusinesseshaveemergedas leadersinprofitability.Theyspanthe tech-drivenfieldsofcloudcomputing andsoftwareservices,aswellasthe enduringsectorsofhealthcareand renewableenergy Theseenterprises demonstrateadaptabilityandinnovation. Asconsumerpreferencesevolveand globalchallengespersist,these profitablebusinessesnotonlyachieve financialsuccessbutalsoplayarolein shapingamoresustainableand interconnectedfuture.

ABDULAZIZ FAHAD AL JOUF

The Serial Entrepreneur Revolutionizing the E-Commerce Sector in the MENA Region

AbdulazizFahadAlJoufisaSaudi

entrepreneurandtheFounderandCEOof PayTabs,apaymentprocessingcompanythat hestartedinSaudiArabiain2014.Heisadynamic, enthusiastic,focused,andhands-onnaturalleader,who isdedicatedtosupportingandmentoringyoung entrepreneurs.Inthisarticle,wewillexplorehis background,hiscompany,andhisachievements.

AbdulazizFahadAlJouf'sEducationalBackground

Abdulazizhasabackgroundincomputerengineering andIslamicbusiness.Hestudiedatthefollowing institutions:

● NewYorkInstituteofTechnology:He obtainedanMBAinE-Businessfromthis university,wherehelearnedtheskillsand knowledgetomanageandgrowonline businesses.

● UniversityofMissouri-KansasCity:He studiedECE&Eatthisuniversity,wherehe

gainedthetechnicalexpertiseand experiencetodevelopandimplement softwaresolutions.

● UniversityofNebraskaatOmaha:He studiedITatthisuniversity,wherehe acquiredtheITskillsandknowledgeto designandmaintainITsystemsand networks.

● ImamMuhammadIbnSaudIslamic University:Hegraduatedfromthis universityin1999withabachelor'sdegree inIslamicbusiness,wherehelearnedthe principlesandpracticesofIslamicfinance andcommerce.

PayTabs:APaymentSolutionProviderforthe MENARegionandBeyond

PayTabsisacompanythatprovidesonlinepayment solutionsforbusinessesandprofessionalsinthe

MiddleEastandNorthAfrica(MENA)regionand beyond.PayTabsenablesmerchantstoacceptonline paymentssecurelyandefficiently,withouttheneedfora bankaccountoramerchantaccount.PayTabsalso offersfeaturessuchasfraudprevention,multi-currency support,invoicing,andreporting.

PayTabswasbornoutofAbdulaziz'sownexperiencein foundingpreviouse-commercebusinesses,suchas SaleTabandExtabs,wherehefacedchallengesin findingasuitablepaymentgatewayforhiscustomers. Hedecidedtocreatehisownpaymentplatformthat wouldcatertotheneedsoftheMENAmarketandsolve thepainpointsofonlinemerchants.

SomeofthechallengesthatPayTabsaddressesare:

● Highfeesandcommissions:PayTabscharges lowfeesandcommissionsforitsservices, makingitaffordableandattractiveforonline merchants.

● Complexandlengthyprocedures:PayTabs simplifiesandspeedsuptheprocessofsetting upandusingitspaymentplatform,makingit easyandconvenientforonlinemerchants.

● Limitedpaymentoptions:PayTabssupports variouspaymentmethods,suchascreditcards, debitcards,PayPal,ApplePay,andSamsung Pay,makingitaccessibleandflexiblefor onlinemerchantsandtheircustomers.

● Lackofsecurityandtrust:PayTabsensures thesecurityandprivacyofthetransactionsand thedata,makingitreliableandtrustworthyfor onlinemerchantsandtheircustomers.

PayTabshasgrownrapidlysinceitsinceptionandhas raised$20millioninfundingfromvariousinvestors, includingSTV,RaedVentures,andAramco EntrepreneurshipVentures.PayTabshasalsoexpanded itspresenceto17countries,includingBahrain,UAE, Egypt,India,andthePhilippines.PayTabshasover150 employeesandservesmorethan20,000merchants

acrossvariousindustries,suchase-commerce, education,travel,andhealthcare.

Abdulaziz'sMilestonesandSignatureAchievements

Abdulazizhasbeenrecognizedasoneofthe11Saudi entrepreneursshapingSaudiArabia'sfuturebyAl Bawabaandoneofthe100mostinfluentialpeoplein SaudiArabiabyArabianBusiness.Hehasalsowon severalawardsandcompetitions,suchastheMIT EnterpriseForumArabStartupCompetition,theStartup TurkeyChallenge,andtheArabnetRiyadhStartup Battle.

Abdulazizispassionateaboutinnovationand technologyandbelievesthatPayTabscantransformthe paymentindustryandthee-commercesectorinthe MENAregionandbeyond.Heisalsoarolemodeland amentorforaspiringentrepreneursintheregionand frequentlyshareshisinsightsandadviceonvarious mediaplatforms.

“Our values ar th funda of ur business culr an

Co-founder, Chief Technology Officer, and General Manager | Falcon Viz

DR. LUCA PASSONE

Transfrmin th Gspaa Sctr wit Innvav

3D Survyin an Mappin Suns

Dr.LucaPassoneisaCo-founder,Chief TechnologyOfficer,andGeneral ManagerofFalconViz,aSaudi-based companythatspecializesin3Dsurveying andmappingusingdronesandrelated equipment.Heisalsoaprofessorof appliedmathematicsandcomputational scienceattheKingAbdullahUniversityof ScienceandTechnology(KAUST).Inthis article,wewillexplorehisbackground, hiscompany,andhisachievements.

Dr.Luca’sJourneyfromAcademicsto ProfessionalMastery

Dr.LucaPassonehasabackgroundin computerengineeringandearthquake engineering.HeobtainedhisPh.D.in computationalscienceandengineering fromKAUSTin2018,wherehe developednumericalmethodsand softwareforsimulatingseismicwave propagationandgroundmotion.Healso holdsanM.S.incomputerengineering fromKAUSTandaB.S.incomputer engineeringfromtheUniversityofPisa, Italy.

Dr.LucaPassoneco-foundedFalconViz in2015withAnasDahlawi,NeilSmith, andMohamedShalaby,whoarealso KAUSTalumniorfaculty.FalconViz offersvariousservices,suchassurveying andmapping,inspectionandmonitoring, surveillance,UHDstillimagesandHD videos,andvisualizationand3D modeling,usingdronesandlaser scanners.FalconVizhasworkedwith variousclientsandpartners,suchas SaudiAramco,SaudiElectricity Company,theMinistryofCulture,and UNESCO.FalconVizhasalsowon severalawardsandcompetitions,suchas theKAUSTEntrepreneurshipAward,the MITEnterpriseForumArabStartup Competition,andtheArabnetRiyadh StartupBattle.

FalconViz:NavigatingNew Dimensionsof3DMappingandSurvey

FalconVizisaSaudi-basedcompanythat specializesin3Dsurveyingandmapping usingdronesandrelatedequipment.The companywasfoundedin2015byAnas

DahlawiandNeilSmith,whoarebothprofessorsat KingAbdullahUniversityofScienceandTechnology (KAUST).

FalconVizoffersvariousservices,suchas:

● Surveyingandmapping:FalconVizuses dronesandlaserscannerstocapturehighresolutionimagesanddataofvariousterrains andstructures,suchasbuildings,roads, bridges,andarchaeologicalsites.FalconViz thenprocessesthedataandgenerates orthophotomosaics,digitalterrainmodels, CADlayerextraction,and3Dvideoflythroughs.

● Inspectionandmonitoring:FalconVizuses dronesandsensorstoconductvisualand thermalinspectionsofdifferentindustrial assets,suchaspipelines,powerlines,andsolar panels.FalconVizalsomonitorstheprogress andqualityofconstructionprojectsand providesreportsandrecommendations.

● Surveillance:FalconVizusesdronesand camerastoprovidedayandnightsurveillance forsecurityanddefensepurposes.FalconViz alsousessophisticatedtrackingandendurance technologiestoensurethesafetyandefficiency oftheoperations.

● UHDstillimagesandHDvideos:FalconViz usesdronesandcamerastocapturestunning aerialshotsandvideosformediaproduction andmarketingpurposes.FalconVizcan produceimageswith50MP,HDR,andpixelsharpqualityandvideoswith4K,90fps,and stabilizedquality

● Visualizationand3Dmodeling:FalconViz usesdronesandsoftwaretocreateimmersive, engaging,andrealistic3Dmodelsand visualizationsofvariousscenesandscenarios. FalconVizcanalsocreatevirtualand augmentedrealityapplicationsfor entertainmentandeducationpurposes.

FalconVizhasgrownrapidlysinceitsinceptionandhas raised$10millioninfundingfromvariousinvestors, includingKAUSTInnovationFund,SaudiAramco

EntrepreneurshipVentures,andRaedVentures. FalconVizhasalsoexpandeditspresenceto10 countries,includingUAE,Egypt,Jordan,and Oman.FalconVizhasover50employeesand servesmorethan100clientsacrossvarious industries,suchasoilandgas,construction, tourism,andheritage.

Dr.Luca’sAwardsandAchievements

Dr.Lucahasbeenrecognizedasoneofthe11 SaudientrepreneursshapingSaudiArabia'sfuture byAlBawabaandoneofthe100mostinfluential peopleinSaudiArabiabyArabianBusiness.He hasalsowonseveralawardsandcompetitions,such astheKAUSTEntrepreneurshipAward,theMIT EnterpriseForumArabStartupCompetition,and theArabnetRiyadhStartupBattle.

Dr.Lucaispassionateaboutinnovationand technologyandbelievesthatFalconVizcanprovide high-qualityandcost-effectivesolutionsfor geospatialdataacquisitionandprocessing.Heis alsoarolemodelandamentorforaspiring entrepreneursintheregionandfrequentlyshares hisinsightsandadviceonvariousmediaplatforms.

“

FalconViz’s mission is to digitally document the world with ever-improving accuracy, speed, and coverage