Saudi Artisanal Co. commences operations in the Kingdom to promote the nations cultural heritage and boost the economy
14 Dec 2023
NewsIntending to advance the economy and promote the country's cultural legacy via the creation of superior, cutting-edge, and contemporary goods, the Saudi Artisanal Co. has opened for business in the Kingdom. With the local industry predicted to reach SR5 billion by 2028 and the worldwide handicraft market set to cross SR5 trillion ($1.3 trillion), the company's goal is to service 15% of the market while simultaneously fostering the expansion of small- and medium-sized businesses in the industry.
Husameddin Almadani, the company's CEO, underlined the company's participation in this endeavour amid Saudi Arabia's ambitious ambition to welcome 150 million tourists by 2030.
Significant investments in the hotel and cultural sectors, according to Almadani, will support the expansion of Saudi Arabia's craft sector.