SFD signs $100m loan agreement to develop climate project in Grenada

SFD signs $100m loan agreement to develop climate project in Grenada

Saudi Arabia exciting destination for e-commerce, logistics and tourism, says what3words

LONDON: Saudi Arabia seems to be the key exciting place in the region to be doing business and provides opportunities across e-commerce, logistics, tourism, transport and the on-demand economy, a leading global navigation company has said.

“We view Saudi as an incredibly exciting place to be doing business at the moment,” said Chris Sheldrick, co-founder and CEO of what3words. “I’ve been coming regularly for over five years and just seeing the rapid expansion there across, of course, the megaprojects like ROSHN and others that we’re very happy and excited to be involved in, but (also) all of the things which are pointing toward Vision 2030.”

What3words, which is a proprietary geocoding system designed to divide any location in the world into 3-meter squares, each with a unique combination of three words, has seen rapid growth in the Kingdom in the past couple of years.

The London-based company has signed several agreements with local companies in the past few months, further bolstering its reach in Saudi Arabia, which it sees as the gateway to the region for it to succeed in the Middle East, Sheldrick told Arab News, adding they expect more deals to